Must have: a modern and effective loan sales process for financial institutions. It can be part of your organization at an affordable price in 3-4 months!
Does your company have an effective loan sales process? Does the currently used process have all the key qualities that on one hand optimize the credit risk and on the other improve sales and customer service? We are confident that it is possible to design a multi-functional IT system that will positively change the existing paradigm – AMA Institute has developed a proprietary tool that can be implemented in your organization within 3-4 months!
AMA Institute implemented such a system a few months ago in one of the financial institutions in Poland, where such a system is not worse, and in some aspects is even better, than similar systems applied by top financial institutions in Poland – for example in Top 5 banks. A complete IT landscape has been developed and implemented in record time and already started to bring the planned first benefits to the organization. That complex IT system can be implemented in any other financial institution and what is most important is the fact that the time required for its implementation will not exceed 3-4 months.
Why are the existing loan sales IT systems still obsolete and do not meet customers’ and organizational expectations?
The implementation of a modern and effective loan sales process is a turning point for many financial institutions. Until now, the design and implementation of such an IT system was simply not affordable. Why? The existing software solutions have been either too expensive or not in harmony with the organizational needs. On the other hand, opting for a tailored IT solution is even more unattainable – it requires high investments (often amounting to several millions PLN) and engaging human resources for a long time (such projects may often run for more than several years). Even now many existing financial institutions do not have enough financial and human resources to start an implementation of such projects.
Modern and effective loan sales process – what does it mean?
What does ‘modern and effective loan sales process’ header actually mean? It stands for simple processes and desired automation, achieving on one hand better customer service and on the other – employees’ satisfaction. A modern and effective loan sales process is a user-friendly IT system integrating very complex and complicated software solutions. It consists of a credit risk module and a credit decision engine (calculating credit scoring models and complex credit decision rules), an individually calculated customer credit limit module, a module for automated communication with external databases (for example: customer credit history, databases that help counteracting possible frauds, etc.), a module for automatic KPI reporting and modules for generating and archiving customer credit documentation. These are the most important modules, but not all of them. The first benefit that both customers and organization notice after the process of implementation is the minimal ‘time-to-yes’ – time required to analyze and make a credit disbursal to the customer’s account, keeping credit risk at required levels and achieving positive customer selection in the long run.
The loan sales process and IT solution designed by AMA Institute disrupt the status quo, offering a complex and unique solution that can be implemented in any organization at an affordable price within 3-4 months. A modern and effective loan sales process, similar to the one that AMA Institute has developed, is a vital tool not only in the financial sector, but also in any other, where organizations service customers and wish to build long-lasting relationships. Organizations should optimize their operational processes to be perceived by customers as friendly, flexible and transparent, creating an environment that encourages loyalty and satisfaction. What is most important is that such a system is an effective approach towards win-win philosophy, where no one loses, but all parties involved draw benefits: customers, employees and the organization.
To find out more about modern and effective loan sales processes, please visit our website: https://en.amainstitute.pl/build-and-effectively-manageconsumer-finance