SaaS-based BPM Tool Helps Make Managing Business Processes More Efficient and Profitable
Wolters Kluwer Financial Services announced today the launch of its ComplianceOne manager solution. The Software as a Service (SaaS) business process management tool complements ComplianceOne, the company’s loan and deposit origination solution that more than 1,600 banks and credit unions utilize. The new standalone tool can be seamlessly used in conjunction with ComplianceOne, ARTA Lending or other loan origination solutions in the market.
ComplianceOne manager’s business process management capabilities offer financial institutions’ executives and senior managers greater insight and better control over their overall lending businesses. Using the solution, they can monitor loan portfolios in real-time, while overseeing process and potential performance issues as well as operational risks, and then take action before problems develop. The solution helps ensure origination policies and procedures are followed, allowing staff to identify exceptions to each, and putting the controls in place to help ensure front-line staff is in compliance.
Using the ComplianceOne manager’s SaaS-based approach, institutions can also integrate and report on their lending transactions across their enterprise. As a result, lending officers, processors and underwriters have fast, universal access to all of this information and can collaborate more easily on loan transactions. All of this provides banks and credit unions with a faster, easier and more cost-effective way to meet their business objectives.
“There is a significant opportunity for banks and credit unions in today’s financial services marketplace to make the management of their lending businesses more efficient and profitable through BPM,” said Lisa Fraga, vice president and general manager of Banking Solutions for Wolters Kluwer Financial Services. “We created ComplianceOne manager as a flexible, scalable solution that can help them take advantage of that opportunity in ways that make sense for their own specific lending businesses.”