AccuAccount “Cheat Sheet”
AccuAccount, our ECM solution that’s optimized for commercial lending, is a robust system with many powerful features. That’s why we’ve put together this “cheat sheet,” which provides a high level overview of key features.
Learn More in this Infographic here!
Let’s briefly explore these features and why they’re helpful.
Interfaces
AccuAccount connects to 30+ banking systems, including popular cores. Core banking integration allows for the nightly flow of data to keep loan, account, and customer or member information up to date in AccuAccount. Some financial institutions also choose to connect their LOS (loan origination system), doc prep system, eSign application, and other banking technology.
Imaging
Document imaging is a major reason why banks and credit unions implement AccuAccount. Being able to efficiently digitize, upload, index, and manage documentation expands access to information while reducing risk. AccuAccount makes it easy to get documents into the system by supporting multifunction device and barcode scanning, desktop scanning, batch scanning, “virtual print,” and drag and drop. Our playbook shares practical tips for using AccuAccount to work through document backlogs.
Approval Routing
Implementing an LOS can be a costly endeavor that isn’t feasible for some financial institutions. For banks and credit unions looking to streamline loan routing and approval, AccuApproval for AccuAccount might be a good fit. Electronic loan routing and approval, detailed application histories, application timers, and early document capture are a few reasons to use AccuApproval. And, perhaps best of all, AccuApproval is included as a standard module with AccuAccount Pro and Enterprise plans.
Tracking
Commercial lending presents a number of exception tracking challenges. AccuAccount offers built-in tracking and reporting for missing and expired documents, tasks, and policy exceptions. Adding new documents into the correct location in AccuAccount satisfies exceptions, thereby reducing manual data entry for staff. AccuAccount also offers solutions for managing recurring exceptions, further reducing the chance for oversights. Deposit, trust, and other teams can also use AccuAccount to support their exception tracking needs.
Audit & Exam Prep
Auditors and examiners are increasingly seeking technology that streamlines their review processes. AccuAccount offers an intuitive audit export feature that packages requested documents and information into an easy-to-use experience for auditors and examiners. And, with AccuAccount, it may be possible to reduce your institution’s audit and exam prep workflow from days to just minutes.
Reporting
AccuAccount users can opt to receive automated reports in their inboxes, thereby increasing visibility for missing documents, aging exceptions, and operational bottlenecks. Alogent also offers Dynamic Reporting for AccuAccount, which allows users to build and share their own custom reports (without help from the IT department). Use AccuAccount to stay on top of loans greater than $500,000, newly created accounts, loan pipeline opportunities, and other key metrics.
Contact us to request an AccuAccount demo and discuss our ECM solutions.
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