Community Blog

Beyond content chaos, clarity with entities

By Herman Van elk posted 7 days ago
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 importance of Data Capture for feeding Large Language Models

By Kevin Neal posted 14 days ago
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 ...

How to Prepare for an Audit or Exam with AccuAccount

By Jenn Mitchell posted 16 days ago
Compared to pulling paper loan files, using AccuAccount can make audit and exam prep faster and easier . But how does it actually work? Let’s break the process down into five simple steps. Step 1: Create and Name Your Audit File With AccuAccount, you can begin building a new file as soon as you become aware of an upcoming audit or exam. AccuAccount makes it easy to name your audit file, add comments, and customize its settings. You can also decide whether to include customer and account comments or documents that still require quality control (QC). Step 2: Search & Find Information Next, you’ll want to use the search functionality to locate ...

Gaining a Holistic View of Banking Relationships with AccuAccount

By Cameron Marks posted 29 days ago
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 ...

4 Tips for Faster, Easier Loan Management Audits

By Cameron Marks posted 06-24-2024
Audits and exams are stressful—and time-consuming. Preparing for an audit or exam involves a lot of document-related activities, which is why a system like AccuAccount can prove to be incredibly useful. AccuAccount offers a built-in audit and exam prep workflow that helps financial institutions save time and reduce stress. Here are four tips for enabling faster, easier audits with the help of AccuAccount. 1. Proactively Manage Exceptions Minimizing document-related exceptions is one of the best ways to avoid panic during audits and exams. Reducing exceptions requires a proactive approach, smart processes, and reliable technology. Automated exception ...

Is Inefficient Loan File Management Costing You $100K+ Per Year?

By Cameron Marks posted 06-11-2024
Change often comes with a cost. For financial institutions looking to improve their existing loan file management workflows, this cost may involve acquiring software, implementing new processes, or bolstering in-house technical capabilities. On the other hand, there’s a real cost of maintaining the status quo, which could represent a much greater expense in the long run. Alogent’s document management cost calculator is a free tool for estimating your annual loan file management cost. Download a copy, enter your data, and view the results. You might be surprised by the numbers—especially if your cost exceeds six figures! Let’s take a look at factors ...

Enhancing Information Life Cycle Management Strategy with Process Automation Solutions

By Cameron Marks posted 06-11-2024
In the dynamic landscape of Information Life Cycle Management, process automation solutions play a pivotal role. These solutions streamline workflows, from data creation to disposal, ensuring efficiency, compliance, and informed decision-making. Let's explore how process automation transforms the management of information at every stage of its life cycle. Efficient Information Life Cycle Management Process automation technology lies at the core of efficient document and information management. Integrating software platforms such as FASTdocs enables banks and credit unions to optimize processes, replace manual tasks, and accelerate data access. Metadata tagging ...

Unraveling the Complexity: How ECM/EIM Solutions Tackle Information Chaos

By Cameron Marks posted 06-06-2024
In today's digital age, data is often hailed as the new currency. However, this surge in data production has given rise to a new challenge: information chaos. This phenomenon creates the daunting task of managing both physical and digital data from diverse sources, especially with the reliance on paper-based processes despite the goal of electronic workflows. As a result, banks and credit unions must navigate a landscape where information overload, fragmented data sources, and disparate data formats reign supreme. The consequences of improper data management can be dire, exposing privacy breaches that can extend far beyond financial losses, but erode account ...

Parascript Welcomes Emiliano Giacchetti as New Chief Executive Officer

By Lindsey Wohlman posted 05-29-2024
Parascript Welcomes Emiliano Giacchetti as New Chief Executive Officer May 16, 2024 Longmont, CO– Parascript proudly announces the appointment of Emiliano Giacchetti as its new Chief Executive Officer, effective immediately. Emiliano brings over 20 years of cross-industry experience in strategic and operational turnarounds. He will usher Parascript into its new chapter thanks to a broad knowledge in operational, leadership, and entrepreneurial excellence. He will fill the position vacated by Alexander Filatov who led Parascript since 2014. “I am thrilled by the opportunity of joining a company with such a rich history, strong culture, deep technological ...

Future Proof Your Business with Zia Cloud and Managed Services

By Shelly Mahon posted 05-23-2024
Many organizations struggle to deliver the full potential of their content management, governance, and automation programs, as well as keep up with all of the remedial and mundane tasks such as support, maintenance, and upgrades. Managed services play a crucial role in future-proofing businesses by providing specialized expertise, proactive support, and scalable solutions to address evolving technological challenges. Zia offers several flexible options to manage your application platforms including on-premise, in your existing cloud, or in the Zia Cloud. Each program is customized to your specific needs based on your organization requirements and objectives, ...

Understanding President Biden’s Executive Order on Sensitive Personal Data

By Zasio Staff posted 05-23-2024
This article first appeared on Zasio.com By Frank Fazzio On Feb. 28, 2024, the Biden administration issued a new executive order fortifying protections for the sensitive personal data of Americans and mitigating the risk of exploitation by foreign adversaries. This directive holds substantial implications for global enterprises, particularly those with extensive international operations. Under the EO, key government departments, including Justice, Homeland Security, Health and Human Services, Defense, Veterans Affairs, and the Consumer Financial Protection Bureau, are tasked with executing various provisions of the order. These provisions encompass ...

Tired of Getting Triggered by Retention Event Triggers? Try Simplifying

By Zasio Staff posted 05-20-2024
This article first appeared on Zasio.com By Jennifer Chadband If you find event triggers “triggering,” you are in good company. Event trigger complexities are a top peeve among records management professionals. While some event triggers are unavoidable, many can be simplified. The following guidance will help you dig into your organization’s records management policy and increase adherence by making retention periods easier to follow and implement. What is an event trigger? Also known as “event-based retention,” event triggers start the disposition process by providing a specific occurrence that begins the specified period required before disposition. ...

Loan Management & Exception Tracking: Quickly Summarize Exceptions by Officer, Branch, or Category

By Cameron Marks posted 05-07-2024
Banks and credit unions need accurate, reliable, and easy-to-understand exception reports. However, pulling exception data together can involve considerable administrative work for back-office staff. Financial institutions that use AccuAccount enjoy a selection of standard reports, including our exception summary report . Let’s look at how this report streamlines access to exception information. A Fast, Easy Way to Understand Exception Aging The exception summary report is a straightforward aging report that’s broken down by exception type. Data can be summarized by the following criteria: Officer Branch Exception Category In the following ...

Everything You Wanted to Know About Add-ins & The New Outlook But Were Afraid to Ask

By Tali Mayer Chissick posted 04-25-2024
The new Outlook means big changes for the add-in ecosystem. Is your organization prepared for the upcoming transition to the next-gen version of this key Microsoft 365 app? One of the biggest changes impacts add-ins, which allow third-party and in-house developers to build extensions for Outlook that add new capabilities and clever integrations with other apps. The new model makes it faster and easier to build add-ins, which will now work across all supported platforms rather than just Windows. But when organizations eventually cut over to the new Outlook, legacy add-ins won’t work without a major overhaul. Read the full blog here.

Why Should Credit Analysts Use AccuAccount?

By Cameron Marks posted 04-23-2024
Understanding a customer's or member's financial health is key to making prudent lending decisions. Credit analysts play an important role in this process, but they need reliable access to credit documentation in order to do their jobs. Although it is frequently used by loan administration teams, AccuAccount can also make life easier for credit analysts. Here are three reasons why credit analysts should consider using AccuAccount: 1. Quickly Verify Credit Documentation Has Been Obtained Credit analysts with proper permissions in AccuAccount can quickly assess each customer or member’s documentation. Color-coded indicators provide a straightforward ...

Advocating for Streamlined Document Management at Your Financial Institution

By Cameron Marks posted 04-18-2024
Implementing a system like AccuAccount can enable numerous efficiencies for commercial lending teams. Expedited access to loan documents, reduced paper, enhanced exception management and reporting, and improved collateral management are a few examples. It’s therefore no surprise why we get a lot of inquiries from VP Loan Managers and people with similar titles. Lending staff may be quick to see the value in AccuAccount, but selecting new software for your bank or credit union likely requires buy-in from multiple stakeholders and teams. Here are a few tips for advocating for change. Communicating a Clear Vision Advocating for technological change ...

Advocating for Streamlined Document Management at Your Financial Institution

By Cameron Marks posted 04-18-2024
Implementing a system like AccuAccount can enable numerous efficiencies for commercial lending teams. Expedited access to loan documents, reduced paper, enhanced exception management and reporting, and improved collateral management are a few examples. It’s therefore no surprise why we get a lot of inquiries from VP Loan Managers and people with similar titles. Lending staff may be quick to see the value in AccuAccount, but selecting new software for your bank or credit union likely requires buy-in from multiple stakeholders and teams. Here are a few tips for advocating for change. Communicating a Clear Vision Advocating for technological change ...

A Modern IM Story: Government Agencies Undergo Digital Transformation

By Tali Mayer Chissick posted 04-11-2024
For government agencies, navigating through vast bureaucracies, mountains of data, and stringent compliance requirements is no easy feat. At any given time, different departments may be at different stages of the digital transformation process. Internal resistance puts even more barriers in place. When legacy systems reach the end-of-life stage, the pressure is really on to modernize and migrate to better Information Management solutions. Learn about how one technology provider is helping government agencies across Canada create a frictionless transition to modern IM solutions with the help of integrated tools and partners. Read the full post here.

[Playbook] Loan Management: Efficiently Manage Notices

By Cameron Marks posted 04-09-2024
Here’s the situation: Your financial institution is looking for a better way to generate, send, and track notices. Although notices serve as an essential form of communication with account holders, managing notices can involve considerable administrative work for loan assistants, insurance clerks, and other staff. This article shares two plays for streamlining your notice workflow with Alogent’s process automation solution, AccuAccount . Play #1: Print Your Notices Let’s imagine that you’re a loan assistant tasked with distributing notices to customers of a specific commercial lender. Managing your bank’s documentation, exception data, and customer ...