Loan Forgiveness is shaping up to be a huge task for lenders; Are you prepared?
An important component of the $2T Coronavirus Stimulus Program is the provision of a Paycheck Protection Program (PPP) with $350B designated to assist US small businesses in dealing with the devastating impact of COVID-19. Now, when PPP enters forgiveness phase, the number of applicants seeking relief grows at an extraordinary rate, lenders are struggling to keep up. […]
Are you struggling to convert potential leads to customers? ML to help you!
Business have a larger amount of data at their disposal. Even though data and intuition show that some leads are better than others, sales teams struggle to effectively prioritize good leads over bad ones. When they fail with lead prioritization, they spend the same amount of effort on bad leads as they do on good […]
How can lenders ride out the storm? Tips for customer protection and regulatory compliance
The COVID-19 pandemic is forcing lenders to contend with a host of issues, including quarantines, diminished cash flow, travel restrictions, supply chain disruptions, and overall strains on workflow. The crisis requires companies to consider not only their short-term crisis management but also how their business continuity plan will need to be adapted. The unprecedented and […]
Navigating turbulent times with the help of Robotic Process Automation
Managing in normal times is repetitive in nature where problems are minimal, and outcomes are usually as expected. Crises on the other hand are sudden and outcomes are unknown. The COVID-19 pandemic could be one of the most serious challenges faced by the economy in nearly a century. The negative impact of the pandemic on […]
Robotic Process Automation: Guiding Through Tough Times.
Monthly Newsletter | Jul 2020 | Issue 107 Featuring Focus On Robotic Process Automation : Guiding the Way Through Tough Times. In the face of crisis, such as the unprecedented COVID-19 pandemic, businesses are turning to Robotic Process Automation (RPA) as a guiding force to navigate through turbulent times. While managing in normal circumstances […]
How to Build an All-Star Virtual Team
Before we dive deep into the topic. We need to get this out of the way. What do you call a team that is not working from the same location? Remote Team or Virtual Team Drumroll, please…. According to Google, the term used more often is ‘Virtual Team’ with almost close to 2400 searches monthly.‘Remote […]
Automated Reconciliation: Reconcile with confidence
Reconciliation is a critical component of financial services. Data Reconciliation describes the method of verifying and validating data collected from multiple systems, and is required to ensure that data is properly consumed by transactional systems while preventing any potential loss of information. But, reconciliation at many firms remains a laborious, time-consuming and risk-laden process, where […]
The Role of big data in Finance & Accounting
Did you know this? The NYSE trade data for a day is almost a TB! Well if you think that’s big, FB accumulates 500+ TB a day! And if you think that’s big, a single jet engine collects 10 TB but in 30 minutes! Be it Google Ads, LinkedIn or even roadside posters, you would […]
Fire and Forget
— Asynchronous over Synchronous Have you encountered any performance issues recently? Is the spinning icon troubling you? Any timeout errors that you wish you could solve? Well, I found answers to some of these issues using Asynchronous Requests. Before we move further on how asynchronous requests can handle all the above issues, let me give […]
Tips to accelerate future Lending in a post Covid-19 world
A Virus outbreak has belted lenders with a ripple effect the size of a perfect storm. Though many firms have responded quickly catering to the immediate needs of customers, Lenders are not immune to the current financial crisis. COVID-19 creates new challenges for lenders which include, operational inefficiency, changing credit policies, delayed financial statements, temporary […]
