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Time-consuming aspects of exception reporting for commercial loans

Question: 
Why is exception reporting time-consuming for commercial lending teams?
Answer: 

Verifying data accuracy can be time-consuming, especially if a financial institution relies on manual data entry into spreadsheets or tickler systems. Generating the right reports on the right schedules for multiple lenders and users adds to the complexity and administrative effort. Clearing exceptions as documents arrive is another task that consumes time.

Continue reading about exception tracking.

Vendor: 

Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
www.alogent.com

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+1-678-966-0844

First published on 10/01/2023

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