Enforce real time application analyses with optimized application processing flow
The Application Processing Module handles the lease workflow from initial lease application through the process of application analysis and approval up to a point of agreeing preferable lease conditions based on customer needs. The workflow is flexibly defined based on client business needs, allowing specification of mandatory documentation and data to be gathered per workflow status, with possibility of status changes forward as well as backward, allowing repeatable creditworthiness analyses. Customer’s creditworthiness is automatically calculated with the use of the Dynamic Data Collector (DDC) incorporating automation of diverse calculations, per industry rules and client work operations for most accurate analysis.
The Application Approval workflow supports flexible definition of approval schema including approval levels and parameters, which allow different organizational structures on different hierarchical levels to appropriately analyze applications’ risks and provide real time decisions.
The integration of the Application Processing Module with the Collateral Management Module provides automation of the collaterals’ control processes on application level and enforced accuracy of the risk analyses, with efficient identification, management and allocation of collateral.
With highly flexible and autonomous product policy management, the definition of product parameters can include custom product limitations, lending ranges, product availability based on the type of customer, managed funds and many more, giving the leverage to formulate unique product propositions and alignment with asset management policies. In order to provide option for further adaptation of the repayment plan based on individual customer needs, product conditions can be subject of additional manual modification, on application level, at any point during the application processing flow.
Automated decision-making processesEnforce front office efficiency with optimal application processing workflow that allows streamlined configuration of the activities performed in any step and automated verification of the completeness of the gathered data.
Dynamic Workflow ProceduresSimplify the application approval processes with dynamically defined analysis parameters that can be segmented per customer type, asset and product type, supported by integrated control mechanisms for flexible workflow definition.
Compliant Product EnhancementsShorten the costs and time-to-market for product introduction and streamline employee trainings for new product conditions, with Flexible Product Policy and direct user engagement in building competitive product strategy.
Streamlined Administrative ProceduresImprove the service toward customers with automated evaluation procedures and flexible adaptation of guarantor and collateral parameters, integrated in the application workflow.