SME Commercial Finance was looking for an additional IT solution to improve efficiencies in providing finance to their clients. Their quoting process involved a lot of double handing, was time consuming and led to errors in the origination process.
SME wanted a system to eliminate errors in documentation, reduce time in processing transactions and allow multiple parties within the business to work on a single transaction at the same time.
Affirm Software’s Revolve™ was installed to automate and streamline the creation and management of SME’s finance deal documentation and paperwork. Within the origination process, SME typically produced up to ten sets of paperwork, starting with a quote through to a customer agreement. Affirm developed “smart” documents, forms and contracts to automate this process – effectively enabling users to only enter client information once which then auto populated across all documents. Revolve effectively reduced document data entry in their origination process by 67%.
Revolve enabled multiple parties authorised by SME to centrally produce and control new documents and client contracts through all stages of the negotiation, formulation and administration of a contract. This has reduced the time it has taken to process deals significantly.
The key benefits Revolve has delivered for SME include:
• Improved productivity and reduced errors by enabling content to be entered once and reused up to 10 times for any one deal
• Multiple parties work on a single transaction at the same time, reducing errors and saving time
• A reduction in the volume of paperwork, providing significant archiving and print savings
With Affirm, SME are developing the system further so that all introducers can access the system from their office or their client’s office and generate and accept quotes for SME products.
To download the case study go to: http://www.affirmsoftware.com.au/sme
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