While traditional banking and accounting processes have inherently been well developed and refined through centuries of effort, many currently use a mixture of early-generation computer applications and languages. When data for these first-generation solutions is drawn from multiple, disparate systems the business processes are less efficient and accurate than those delivered by modern technologies. The formal recording of transactions on older bank loan accounting systems can be, yet need not be, a complicated and cumbersome task.
The CCS Loan Booking & Servicing module uses modern interfaces that greatly improves the process of recording transactions for all loan, deposit, G/L, and CIF systems. Rather than having to learn and navigate an ancient world of cryptic codes, employees use clearly defined business terms, which minimizes the time needed to train, and reduces mistakes. In addition, enterprise-specific data validation and business rules can be incorporated to maintain overall record quality.
CCS's modular solutions are based on our intimate knowledge of banking's current tools and applications, as well as a deep familiarity with emerging technology and mandated regulatory controls. While the Loan Booking & Servicing module can be used as a standalone solution, when combined with other CCS modules, further efficiencies in the delivery and management of credit products can be achieved. Contact us today to see how our modular solutions can help your organization be better prepared to meet current and future challenges.