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Time-consuming exception reporting

Why is exception reporting time-consuming for many banks?

Community banks, especially those with large commercial portfolios, are familiar with the complexity of exception tracking. Preparing exception reports can require considerable effort to cross-check each loan file for what should be in the file. Resolving exceptions may require someone to manually mark an item as “received,” which can lead to outdated information and unreliable reports.

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AccuSystems develops document management and exception tracking software for financial institutions. Trusted by more than 15,000 bankers worldwide, AccuAccount automates exception tracking, streamlines audits, and simplifies loan imaging. Request a demo, register for a webinar, or download a free whitepaper.

First published on 02/05/2023

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