Banking Fintech News

TrellisPoint Launches Powerful Workflow Automation Tool Designed Exclusively for Commercial Lenders

TrellisPoint Launches Powerful Workflow Automation Tool Designed Exclusively for Commercial Lenders

Built using Microsoft’s Power Platform, Virtual Loan Assistant is the first Power App to streamline the credit process for financial institutions.

TrellisPoint, a leading provider of Microsoft Dynamics 365 customer engagement solutions, announced a new product developed for the commercial banking industry. Available as a web-based and mobile application, Virtual Loan Assistant solves two challenges of commercial lending: collecting financial documents and increasing transparency of the credit process across an organization.

Read More: GlobalFintechSeries Interview with Griffin McGahey, President at HC3

“In many cases, we can implement Virtual Loan Assistant in less than 8 weeks. The technology is easily adopted by users because most are already familiar with Outlook and other Office 365 apps.”

“We know there’s a need in the banking industry for a product like ours. Many credit departments struggle with manual business processes, poor communication, and fragmented technology,” said Chris Finnecy, Partner at TrellisPoint. “The lack of automation and available analytics impacts the time spent with clients. Virtual Loan Assistant mitigates those problems.”

Read More: Executives Explore Disruptions in Fraud Trends, Securing Online Channels and Mobility Payments in Transit

In addition to storing data in Microsoft’s secure cloud platform, Virtual Loan Assistant is compatible with systems like FIS, Fiserv, and Jack Henry.

Features that make the solution unique from others in the market include:

  • Automatic notifications sent to customers and third parties for the life of the loan
  • Documents, requests, and correspondence automatically tracked within the system
  • Key data such as relationships, records, and status can be viewed with one-click
  • Role-based workflows and analytics viewable via dashboard or exported from the system

“We’re excited to offer a high-value, Microsoft-based application to the industry that provides cost effective licensing options and improves speed to market,” said Jay Valerian, Solutions Consultant at TrellisPoint. “In many cases, we can implement Virtual Loan Assistant in less than 8 weeks. The technology is easily adopted by users because most are already familiar with Outlook and other Office 365 apps.”

Read More: WorldRemit Partners with Wizall Money to Launch its First Mobile Money Transfer Service to Senegal

Related posts

APOLLO Insurance Partners with Orr Development to Offer Their Customers Access to Immediate Digital Insurance

Fintech News Desk

b1BANK and Citizens Bank of Edmond Select Moven and Q2 CorePro to Deliver New Personalized Digital Banking Solution

Fintech News Desk

doxoINSIGHTS Reveals U.S. Households Pay Average of $914 for the Nine Most Common Recurring Monthly Bills

Fintech News Desk
1