The leasing/lending origination process is a complex effort involving multiple steps such as risk assessment and regulations compliance. There are various products & processes having multiple input/output criteria and data sources (internal and external). The key business objectives of this project included the following:
- Automate processes to lower the turn-around-time (TAT)
- Minimize risk of missing crucial information and use real-time information for better decision making
- Increase volume of deals processed per day
- Uniformly incorporate changes in risk and compliance regulations.