Loan Management and Document Imaging Software for Banks and Credit Unions
Banks and credit unions continue to “go paperless” by leveraging the power of technology. Alogent’s comprehensive suite of solutions make this initiative possible. Our software platforms are designed specifically for financial institutions with product features custom-tailored to your needs. We combine document imaging, management, workflow optimization to help banks and credit unions achieve efficiency and transparency. Browse our comprehensive feature set below.
You can also learn more about our products by taking a tour of our loan management systems:
DOCUMENT IMAGING
For as long as banks and credit unions have been lending, efficient file and document management has always been challenging. These efforts were traditionally managed in hard copy folders and file cabinets. Not only are such processes extremely tedious, they often lead to sustained workflow backlogs and even information loss. Thanks to document imaging capabilities from Alogent electronic document management is now a reality for any sized bank or credit union.
DOCUMENT MANAGEMENT
Looking for a document management platform to streamline operations and improve efficiencies? If your bank or credit union has considered going to a “paperless” system, you may already knowthe difference between simple electronic document repositories and loan portfolio software. The difference is in the ability to actively manage loans, exceptions, and other files. Document management software systems are known for their ability to track missing, expired, or out of compliance documents. In addition, such systems are typically used by banks and credit unions to coordinate the various aspects of loan document management, such as the loan perfection process, technical exceptions, internal auditing, and bank regulatory compliance.
LOAN MANAGEMENT
Industry surveys show that loan management software is a growing priority for both community and regional banks and credit unions. In fact, many financial institutions have already moved to a paperless system for managing loan files and exceptions. In addition to disaster prevention, loan management software can dramatically increase visibility, accountability, and control in the lending process.
TICKLER FILE TRACKING
How does Alogent make the exception tracking processes more reliable? The AccuAccount solution from Alogent enables automated exception tracking, thanks to its intuitive database. Is your financial institution efficiently tracking exceptions? Many banks and credit unions are still managing exceptions manually. Tracking exceptions and updating expiring documents with spreadsheets, index cards, and manual entry is cumbersome and can be unreliable. With AccuAccount, exception tracking is managed accurately and efficiently with a dynamic, centralized electronic database.
LOAN APPROVAL
Due to its proprietary AccuApproval solution, Alogent is especially unique in the loan tracking software industry. Our tracking software improves loan document management by streamlining the loan application, underwriting, and approval processes, while automated pipeline reports track the entire loan approval process in master credit files.
SEE HOW IT WORKS
Over 15,000 bankers use our software each day. Schedule a free demo to see how AccuAccount can make life easier for your bank or credit union. No time for a demo? Check out our video overviews.
RISK MANAGEMENT
Still managing loan files the old fashioned way with stacks of file folders and loan documents? What would your bank or credit union do if a flood, fire, or other natural disaster destroyed these files? Managing credit files in such a fashion is not only dangerous, it is extremely inefficient. Alogent helps your institution reduce operating risk by centralizing all documentation into a convenient, electronic database. Such a system reduces risk by minimizing the chance of information loss through damaged, misplaced, or stolen files.
DEPOSIT & SIGNATURE
Your institution has hundreds, maybe even thousands of deposit accounts. What steps have you taken to insure all account information is secure, accurate, and available to your operations team? Alogent's proven deposit management software guarantees your customers and members receive the quickest, most secure method of storing and retrieving confidential information available to the banking industry. Our deposit management software assists banks and credit unions provide customers and members with a secure and fast method of information storage and delivery.
AUDIT PREPARATION
Loan policies and procedures, asset quality, appraisals and document exceptions are the focus of examinations nationwide. Many times, loan portfolios can go unnoticed until it is almost too late to avert a failure of the bank or credit union, due to a lack of proper loan accounting software. Auditors everywhere are recommending loan accounting software, such as AccuAccount, to keep banks’ and credit unions' loan files organized and optimized. Audit preparation is now easier than ever. Users can pull a report by a specific customer or member name and see all exceptions, in addition to sorting by individual loan officers. Your bank or credit union can also export loan files to a CD/DVD in minutes.
WORKFLOW MANAGEMENT
How do you analyze your workflow and processes? Once identified, how do you determine if a document and exception management solution can make a workflow more efficient? By removing paper files from your bank or credit union, your organization will begin to reap unparalleled ROI and economies of scale. Our software facilitates automation and helps by centralizing bank and credit union documents into a master archive database. By making your institution's workflow more efficient, you'll see cost-effective benefits with the help of a document imaging and document management software suite.