Provenir Streamlines Commercial Lending
Automatic merge of multiple documents into a single packet ensures that commercial loan files are consistently organized and up-to-date
October 15, 2007
(Parsippany, New Jersey, USA) - Provenir, a leading provider of enterprise software for managing the total customer credit lifecycle, today announced the availability of a PDF document generation and merge feature on its single customer lifecycle management platform.
Commercial lending involves analyzing numerous documents including income statements, balance sheets, collateral valuations, accounts receivable aging reports, financial statements and annual reports. These documents come from a variety of sources and are in many different file formats ranging from Microsoft® Office products to images that have been scanned for inclusion in the commercial loan file. The Provenir Platform enables lenders to gather documents throughout the loan interview, investigation and negotiation processes and then merge them into a single PDF document. The merged document can be automatically emailed to the members of the loan committee at the desired step in the workflow. Other businesses with paper-intensive processes (such as small business lenders, or mortgage lenders) can also reap the benefits of this automatic document preparation and management process, eliminating the error prone task of copying and collating hundreds of pieces of paper. Plus, lenders can now automatically regenerate a new, merged PDF document whenever one of the individual files is updated or added.
"Anyone that has ever seen a commercial loan file understands the importance of keeping the documents organized and up-to-date" said Lorraine Webster, Vice President, Provenir, Inc. "Automating the creation of the loan file ensures that all commercial loan files are consistently organized, allowing the review committee to quickly locate information and feel confident that they have the most current documents. Not only is this good for the commercial lender, it's also good for the environment."
Some of the unique capabilities of this feature include:
- Flexibility to specify the order in which files are to be merged, viewed, or printed
- Ability to preserve the original print format of each converted file (landscape, portrait, etc.)
- Handling all electronic documents (including Word, Excel®, Visio®, PowerPoint® HTML, Text, TIF, JPEG, and BMP)
About Provenir
Provenir is a leading provider of enterprise software for managing the customer lifecycle. Founded in 1992, the company's historical focus on solutions for the financial industry has led to successful implementations at major banks and credit institutions. This proven ability to handle key financial data and processes is now enabling companies in other industries to make use of the Provenir Platform to manage their customer lifecycle interactions.
Companies use Provenir software to create customized systems from a common architecture, letting IT and business collaborate to maximize profitability of operations that impact financial performance. Business applications of Provenir technology include originations, prospecting, account management, collections and recovery, customer service, security, and compliance.
Provenir is privately held, with headquarters in Parsippany, New Jersey. Customers in the United Kingdom and continental Europe are served from offices in London. Asia/Pacific operations are headquartered in Hong Kong. Information about Provenir, the Provenir Platform, and professional services are available on the company's website at www.provenir.com.
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