AUTOMATE SMALL BUSINESS LENDING
WITH VURAM’s sme guarantee APPLICATION
With business operations taking a hit due to the ongoing COVID pandemic, the recently announced Coronavirus SME Guarantee Scheme comes as a relief for several small to mid-sized businesses. But the influx of loan applications and the need to act quickly could pose quite the challenge to banks and financial organisations. Introducing Vuram’s SME Guarantee application, a Plug-N-Play solution that will help banks manage and process applications faster, support small business service needs and ensure compliance under the SME Guarantee Scheme.
From setup to go live, the SME Guarantee application can be deployed in just 3 days and can be further augmented with additional capabilities to fit your organisation’s individual needs.
– Easy application submissions: Borrowers login to a secure platform, and submit a guided form in just under 10 minutes. Borrowers can also submit their request via email or paper.
– End-to-end loan qualification: Automatic rule driven pre-qualification of borrowers, document collection, verification and e-signatures
– Application generation and approval: Loan processing dashboards for bank’s agents and seamless integration with your existing systems
– Extended support and flexibility: Built using Appian’s low-code platform, the application can be very quickly enhanced and extended to support the financial institutions’ unique requirements.
– Full-stack automation: Add the power of OCR, RPA and eSignatures for a full stack automation
– Reporting capabilities: Complete reporting and auditing for easy business visibility into loan processing and ongoing compliance requirements.
WHY USE VURAM’s APPLICATION?
– Faster processing of loan applications while ensuring compliance with the Scheme and financial institution’s policies.
– Streamlined application process that ensures borrowers’ certainty of information provided and increases chances of quick approval and access to funds
-Banks and financial institutions gain better visibility into their workload and optimize resource allocation to meet the demand
– Compatible on all devices; web and mobile-friendly
GET STARTED. SCHEDULE A DEMO
Helping small businesses survive the crisis starts with rapid approvals and quick access to the funds allotted under the SME Guarantee Scheme. With the SME guarantee application, Vuram aims to make lending easy for banks. We hope this application can help you support small businesses in these challenging times.
We’d love to connect with you to discuss how this solution can help you respond efficiently to the overwhelming demand.