How a Financial Firm Transformed Loan Processing With Customized Automation

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Success Metrics
Real results happen with Mobio Solutions

Increase in workflows rate

1 X

Increase in business operations

1 %

Increase in revenue

1 %

Objective

The company’s objective was to simplify loan processing by automating the entire workflow. The goal was to automate loan disbursement, reduce manual errors, and improve efficiency. By implementing end-to-end loan management software, the company aimed to optimize operations and increase the accuracy of loan processing.

Mobio Solutions helped a financial company transform its loan processing operations by implementing a customized loan processing system that streamlined workflows and reduced manual errors. This automated loan processing system enhanced productivity and enabled the company to handle larger volumes of applications efficiently.

Challenges Faced by the Financial Firm

Manual loan disbursement process: The company relied heavily on manual loan workflows, resulting in inefficiencies.
High rate of manual errors: Without loan transaction automation, errors were frequent and led to time wastage.
Delays in loan processing: The absence of automation caused unnecessary delays in processing loan applications.
Limited capacity to handle high volumes: Due to manual processes, the company needed help with scaling up operations and managing large volumes of applications.
Lack of workflow visibility: Monitoring and tracking loan status were challenging, reducing operational transparency.

Key features of the solution included

Automated Loan Workflows: Eliminating manual tasks by automating the entire loan approval and disbursement process, which significantly reduced errors and processing time.
Real-Time Loan Tracking: The system provided real-time updates on loan statuses, ensuring greater visibility and control over the loan lifecycle.
Scalability for Large Volumes: The end-to-end loan management software allowed the company to process a higher volume of applications without compromising accuracy or speed.
Error Reduction: By automating critical functions such as loan calculations, document verification, and status updates, the system minimized manual errors, improving overall efficiency.
Improved Workflow Transparency: A clear, dashboard-driven approach allowed management to monitor the progress of loans in real time, increasing operational transparency and decision-making capabilities.

Customized Loan Processing Automation Solutions

Mobio Solutions developed a comprehensive loan processing system designed to automate the company’s loan workflows fully. The system streamlined every stage of loan management, from initial application submission to final loan disbursement automation.

Accounting and KYC Verification

Our application automates accounting processes and offers seamless supplier payments and KYC verification features using PAN and Aadhaar cards. That helped our clients manage their businesses more efficiently by saving time and ensuring secure transactions.

Loan Processing

This mobile app provides a streamlined loan processing solution for our client’s business needs. With custom loan amount options and chosen tenure and purpose, our clients’ customers can submit necessary documents such as GST data, ITR, and bank statements for efficient processing.

Loan Agreement

Once approved, clients can sign and upload the loan agreement document for verification and receive disbursement within 24 hours. This app also features a custom dashboard for clients to track loan balance and repayment options, with a closure statement and loan documentation provided upon completion of the loan term.

Budget & Expense Management

We developed features that enable SMEs to track and manage project budgets, expenses, and profitability in real-time. That helps our clients to manage their expenses and projects more efficiently.

Customer/Vendor Management

Our application offers features for efficient customer/vendor management, including budget and payable bill association alog with purchase order of customer/vendor.

Payments & Credit

We developed features that help our client improve their cash flow by enabling them to send invoices, auto-reminders, and access credit through our partners. It helps our clients manage their finances more efficiently, compete, and grow their businesses Also the mobile app tracks and manages all loan-related information in one place.

Reports

The mobile app also generates insight dashboard which shows reports for cash flow, profit/loss, and balance sheets. That helped our clients monitor their financial performance and manage payments more efficiently.

Insight Dashboards

The app provides a range of useful features for managing your finances, including an Insights Dashboard for viewing cash flow and profit loss reports, a Payable dashboard for paying vendors and creating invoices, a Transactions dashboard for viewing all kinds of transactions, and a Payment Scheduling dashboard for tracking payments.

Business Impact of Loan Processing Automation

The implementation of the automated loan processing system had a significant and transformative impact on the company’s operations:

Increased Efficiency

By automating the loan workflow, the company improved its loan processing speed and reduced time spent on manual tasks. That resulted in a 10x improvement in workflow rate, allowing the company to handle a larger number of loan applications in a shorter time frame.

Reduced Manual Errors

Automation reduced human errors in the loan approval and disbursement processes, improving accuracy and ensuring compliance with regulatory standards. That, in turn, reduced delays caused by error corrections and increased overall productivity.

Improved Scalability

The company was able to process more loan applications without compromising quality, enabling it to grow its customer base and handle high application volumes with ease. This scalability contributed directly to a 25% increase in overall business operations.

Higher Revenue Generation

The efficiency gains and the ability to process more applications resulted in an 18% increase in revenue. The company was able to allocate resources more effectively, minimizing operational costs while maximizing income through streamlined loan disbursements.

Better Workflow Visibility

The automated system provided real-time tracking and monitoring, giving management complete visibility over loan statuses and improving decision-making—the clear reporting and dashboard functionality allowed for proactive adjustments and greater operational transparency.

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What the Client said about our Services

Mobio Solutions streamlined loan processing with an automated, customized system that enhances efficiency, minimizes errors and expedites disbursement.

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