Lending Fulfillment Factory – Shows how to “industrialize” critical loan fulfillment tasks—with your current technology—to:
Close more loans – faster & with fewer post-close corrections
Back office factory – An outlined time-tested strategy to reduce your reliance on core technology providers—and unlock massive gains in:
Factory overview – Gives a “tour” of the typical bank “factories” and gives practical examples how they can work for your business
Revenue generation is the lifeblood of your bank. Consequently, lending should be the best-run operation in the enterprise, delivering a rich repository of customer and prospect data to enhance sales efforts.
Yet today’s typical lending operations, for both sales and fulfillment, resemble rework “treadmills” that are unimaginably inefficient:
• “Assembly lines” are in fact clunky, quasi-automated business processes, requiring legions of humans to correct errors and bridge gaps between disparate systems.
• Core platforms are aging, inflexible, and disproportionately costly—with no price-increase relief in sight from their highly-concentrated owners.
• Non-core applications often take years to deploy—but only moments to disappoint on their unmet promises of meaningful, valuable automation.
• Looking for simple, intuitive visualization of information to empower revenue-boosting decision-making? Sorry, you’re on your own—with a mountain of unreconciled spreadsheets.
The fact that all of these problems are intertwined makes it harder to recognize the painfully simple, and single, overlooked cause: A decided lack of time-honored standardization, pervading every nook and cranny of knowledge, or office, work.
Taming this quiet chaos seems like an insurmountable challenge. It’s not. Every day, The Lab routinely helps banks and credit unions quickly and cost-effectively overcome these “insurmountable” challenges.
As the industry’s sole standardization specialist, we transform each operation in your enterprise into a high-performance Knowledge Work Factory, using an unmatched combination of:
Re-gaining control of loan prospecting and sales activities seems like an insurmountable challenge. It’s not.
It’s one thing to read about RPA, or robotic process automation, for banks. It’s another thing, entirely, to see it in action, in a real, live demo. So get one! The Lab invites you to schedule your own, no-obligation 30-minute screen-share demo, in which we’ll show you all this power at work, and answer any questions you may have.
Simply call (201) 526-1200 or email email@example.com to book your demo today!