Using Automation to Verify Bank Statements Faster
Discover FlashSpread’s leading automated financial statement spreading software and learn how it can be a significant benefit for your lending business.
3 Data Security Threats and How to Protect Against Them
Data security is the act of protecting digital information from unauthorized access, corruption or theft. It applies to every part of information security, from software applications and administration to the actual physical security of your hardware and storage systems.
Technology for Commercial Loan Officers
Technology has revolutionized the way we live our lives. It’s also impacted every single industry, from retail to the commercial loan industry. And with the advances in technology, many commercial loan officers are under constant pressure to utilize their tools to originate more loans quickly and efficiently.
Demystifying EBITDA: A Powerful Guide to Understanding Earnings
Discover the business acronym EBITDA, why you should know it, how to calculate it and how automated spreadsheet software can simplify the process.
Unleashing the Potential of Unstructured Data: Powering Automation in Commercial Lending
Digital tools and automation are becoming standard in all industries, including financial services, like commercial lending. Robotic process automation (RPA) promises to maximize efficiencies across operations by using easy-to-use, no-code software that is able to glean data and generate insightful reports or accomplish menial tasks like data entry and synchronization.
Automation Helps Credit Unions Compete for Small Business Loans
Financial services credit unions are often underutilized by businesses looking for commercial loans. Especially small, local businesses, who may benefit from the better rates, flexibility and personalized touch that credit unions are known to provide.
Using Automated Spreading to Improve Your Loan Approval Process
Commercial lenders need to assess a ton of financial information to get a clear picture of a company’s solvency. It can take up to a month or longer for banks to complete the process. Somewhat counterintuitively, the process can take even longer for small business loans. That is when automated spreading comes in to transform the loan approval process.
Unlocking Success: Small Business Loans – Everything You Need to Know
The small business loan is over $750B annually, according to their 2020 reporting. These loans range from their signature government-backed 7(a) loans to microloans, and the funds can be used for business expenses from opening or expanding a business to equipment repairs to employee wages.
Mastering Credit: Everything You Need to Know for a Positive Financial Future
With this software, you can be confident that you’re making the best possible lending decisions for you and your business. Let’s take a look at everything else you need to know about decisions.
Empowering Growth: The Wonders of Commercial Lending Automation Explained
Let’s explore into what automation can do for your commercial lending business.