Community Blog

Effectively managing a commercial loan portfolio requires the right mix of people, processes, and systems. Even then, important information can still fall through the cracks, making it harder to respond to borrowers’ needs. For banks and credit unions seeking improved transparency for their commercial loan pipelines, Alogent offers AccuApproval for AccuAccount. AccuApproval is a simple, yet powerful loan application routing and approval tool that automates inefficient workflows (like paper routing sheets). Let’s take a look at how AccuApproval can streamline commercial lending. Bring Clarity to Your Commercial Loan Pipeline AccuApproval and ...
Here’s the Situation: Your financial institution needs a better way to track policy exceptions . In the past, your team has used spreadsheets for loan policy tracking. Although spreadsheets offer a familiar experience for staff, they pose several challenges—especially when it comes to generating exception reports. This article shares an easy way to use AccuAccount for loan policy exception management. Not an AccuAccount user yet? Contact us to schedule a demo Here’s the Game Plan Step 1: Ask your system administrator to update the “policy exception maintenance” section of AccuAccount. (Click “policy exception maintenance” from the ...
We can discuss this at the next leadership council meeting, but I've been contemplating the idea of hosting a book club for professional development. Maybe once a quarter a book can be selected that members of the BIPOC community can read through and discuss. Depending on the author the author can potentially join us as well for a Zoom discussion. Two books that come to mind right away from authors in the AIIM community are The 24-Hour Rule and Other Secrets for Smarter Organizations: Including the 6 Steps of Dynamic Documentation by Adrienne Bellehumour RULES: Powerful Policy Wording To Maximize Engagement by Lewis Eisen. I think a great ...
AI is reshaping the information management landscape, introducing highly impactful new ways to manage workflows, improve data accuracy, enhance decision-making, and improve overall efficiency. With tools like document capture, workflow automation, and predictive analysis benefitting from the AI boom, organizations orchestrate their information flow faster and more effectively than ever before. These advancements, however, are not without ethical challenges. In this post, I will outline the ways these ethical challenges can crop up in the intelligent information management (IIM) space and suggest a path forward for the industry that will minimize these challenges. ...
Here’s the situation: Your financial institution relies on its LOS ( loan origination system ) throughout the entire decisioning process. Unfortunately, you don’t have a great process for extracting, saving, and organizing documentation after loan approval. That means important credit documents, proof of insurance, preliminary title, pre-recorded deeds of trust, and other information reside in your LOS longer than necessary. Some team members prefer printing documents from your LOS—only to scan them back into your digital archive. Downloading documents into a zip folder eliminates unnecessary scanning, but there’s still a considerable amount of work to do. ...
Did you know that AccuAccount offers an intuitive loan approval capability, practically eliminating the need for routing sheets? With AccuApproval for AccuAccount, your bank or credit union can achieve a scalable workflow that aligns with your commercial lending process. It’s a great option for financial institutions looking to streamline loan routing and approval—but without the cost of a loan origination system (LOS) or customer relationship management (CRM) system. Let’s take a closer look at how it works. Quick Overview: AccuApproval Included with our AccuAccount Enterprise plans , AccuApproval can be adapted to your lending, credit analysis, ...
Banking professionals responsible for document and information management often encounter various obstacles that hinder timely access to data and documents. These obstacles can include missing or incomplete documents, misclassified data, and regulatory requirements pertaining to accessibility and retention. While a misplaced document or an incomplete file might seem trivial, such issues can lead to costly storage expenses, evolving audit and compliance demands, and operational inefficiencies that may damage the reputation of a bank or credit union. Effective information categorization from the onset is essential for systematic organization, facilitating ...
Handling large datasets efficiently is a core challenge for any system dealing with big data. At ContentGrid, we recently conducted performance testing on our platform using a dataset of 500 million documents, focusing on query response times and throughput under varying conditions. Our tests aimed to evaluate how well ContentGrid manages high concurrency query workloads, ensuring a seamless experience for users. Here’s a deep dive into our testing methodology, key findings, and the implications for optimizing query performance. Test Setup: Understanding the Parameters Our performance testing focused on a data model comprising two entities: ...
Here’s the Situation: Your financial institution has grown its commercial loan portfolio over the past few years. Despite your team’s best attempts to minimize exceptions, the number of missing documents and past due tasks keeps increasing. Switching from spreadsheets to AccuAccount helped simplify tracking, but analyzing the exception data can still seem overwhelming. You’d like to categorize your exceptions for enhanced reporting and efficiency, but you’re not sure where to begin. This article shares a couple “plays” for categorizing exceptions in AccuAccount. Set Yourself Up for Successful Categorization Adding exception categories ...
Tracking related entities is an important, yet time-consuming activity for understanding complex banking relationships. Businesses are bought and sold, ownership changes hands, and people relocate to different parts of the country. As a result, generating related entity reports can seem overwhelming—especially when relying on spreadsheets and other manual processes. AccuAccount offers built-in reporting capabilities for related entities. Let’s take a closer look at how this feature works. Related Entities Report in AccuAccount With AccuAccount , financial institutions can easily create and assign entity groups for reporting purposes. You might ...
The audit export feature in AccuAccount was built to simplify audit and exam preparation for financial institutions. Instead of scrambling to gather paper loan files for auditors and examiners, generating a loan file with AccuAccount takes just minutes—and also opens the door to virtual audits . Our audit export feature can also streamline other document sharing scenarios. This article explores seven “outside the box” use cases for the AccuAccount audit export feature. Go Beyond Audit & Exam Prep with AccuAccount Here are just a few of the situations where the AccuAccount audit export feature might come in handy: Managing loan participations: ...
By Jake Naylor This article first appeared on Zasio.com Welcome to the second part of our series on developing executive sponsorship for your records management or information governance project. If you recall, in the first article, we discussed : Selecting a potential executive sponsor Preparing an effective pitch Now that you’ve identified your desired catch and cast your line, let’s discuss how you can reel them in and keep them invested—especially when a failure to implement your project could expose your organization to costly regulatory penalties. Getting an executive sponsor committed can be a lot like fishing: after much preparation ...
In the ever-evolving world of banking and financial services, efficiency and adaptability are key. Enter the FASTdocs Workflow Library, a game-changing feature of Alogent’s FASTdocs platform, an advanced enterprise content and information management (ECM / EIM) solution. This innovative tool is crafted to streamline and enhance operations within financial institutions. Whether you're an experienced banking professional or new to the field, the FASTdocs Workflow Library can significantly improve how your institution handles processes and documents . What is the FASTdocs Workflow Library? At its core, the FASTdocs Workflow Library is a collection of ...
In the ever-evolving world of banking and financial services, efficiency and adaptability are key. Enter the FASTdocs Workflow Library, a game-changing feature of Alogent’s FASTdocs platform, an advanced enterprise content and information management (ECM / EIM) solution. This innovative tool is crafted to streamline and enhance operations within financial institutions. Whether you're an experienced banking professional or new to the field, the FASTdocs Workflow Library can significantly improve how your institution handles processes and documents . What is the FASTdocs Workflow Library? At its core, the FASTdocs Workflow Library is a collection of ...
Banking relationships can be incredibly complex. After all, one commercial customer might be connected to dozens of entities, loans, and accounts. To see the bigger picture, some financial institutions rely on time-consuming data manipulation in spreadsheets. It doesn’t have to be that way. Implementing AccuAccount from Alogent can make it easier to understand banking relationships and reduce administrative work. AccuAccount brings together key relationship information from loans, collateral, guarantors, credit, related entities, and accounts—resulting in a powerful, intuitive platform for team members. Meet “Customer View” in AccuAccount AccuAccount ...
By Brandon Tuley This article first appeared on Zasio.com Identifying the record series in your retention schedule that contain personal information is a strategic step to advance your records and information management program. Not only will you be more mindful of the record series that contain personal information, but you’ll also gain a more detailed understanding of the sources from which you acquire personal information. So if you’re looking to further your organization’s RIM program, considering the types of personal information in your RRS is a wise step forward. Once you determine the types of personal information within your organization’s ...
Content Chaos, the natural state of information Putting content under collective control is a growing challenge. With the adoption of cloud content services, the number of content systems in organizations continues to increase, including shared drives, sites, and email systems. With the migration of content to Sharepoint, small-scale collaboration is empowered. But governance, compliance, and collective clarity are still lagging behind. Where can I find my document? What were our agreements back then? Content chaos thrives. The reality of agility is that it is difficult to adapt content systems to a changing business environment. Running document archives ...
The fantastic opportunity for Artificial Intelligence (A.I.) to better our business and personal lives is all the rage these days. With all this incredible innovation, there are terrific possibilities, for example, to greatly improve cash flow for your business by analyzing your accounts payables and receivables. Or you can use A.I. to crawl all your Office 365 documents to quickly and easily develop a business plan in minutes instead of the manual and time-consuming tasks of human interpretation then writing a traditional business plan that might take days, weeks or months. Or, the holy grail of all time, maybe the cure for dreaded diseases such as cancer can ...