Collateral Exception Reporting Information System - CERIS · CERIS is an online web application...
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Collateral Exception Reporting Information System CERIS is an online web application that enables financial institutions to effectively manage and report on loan collateral technical exceptions and document expirations. Through an easy-to-use, browser based interface, CERIS provides a standard, consistent method for tracking loan exceptions throughout the organization. Proper loan documentation is critical to a financial institution not only from a regulatory standpoint, but also from a bottom-line standpoint. CERIS will help the institution reduce the number of loan exceptions and improve the bottom-line by minimizing the risk of loss from bad loans due to inadequate loan documentation. Because of the powerful simplicity of CERIS contributing to improved speed and accuracy of exception tracking, the institution will easily be able to increase its loan volume without the need to add staff. A Different Approach As a hosted solution, CERIS replaces many of the traditional ways loan exceptions are tracked (i.e. note pad, spreadsheet, local client-server soft- ware, etc.). CERIS is provided as a service through the Internet and is accessed through the end-users web browser. The CERIS application as well as all of the data maintained by the CERIS system is centrally located in the ACCi datacenter. The data is secure- ly encrypted and transmitted over the Internet using the Internet standard for secure transmission – 128 bit secure sockets layer (SSL) technology. CERIS can function independently or it can integrate with the institution’s platform system loan data through a nightly update process, thereby eliminating the need for duplicate data entry. Some of the key features and benefits of CERIS include: • Reduced number of loan exceptions • Improved credibility with manage- ment, auditors, and regulators • Central repository of loan account, collateral, and exception information • Flexible reporting & statistics broken down by branch, dept, officer, etc. • Track collateral values for loan-to- value comparisons • Track document expirations for financial statements, insurance, etc. • Customizable document exception templates for various loan types • Option to report in PDF, MS Excel or MS Word format • Document imaging link for seamless operations • No initial hardware/software capital investment required – only a web browser • User defined field for user's unique needs "We have used CERIS now for over a year and have been impressed by the many advantages it provides over other systems we used in the past. CERIS offers an attractive, easy to use interface and allows a variety of report formats for both the lending staff and management. With all CERIS does for us, we can't imagine life without it!" — Paul Rogers Executive Vice President Red Mountain Bank Birmingham, AL CERIS www.ceris.biz [email protected] 888/755-5711 ACCi 2496 Valleydale Road Birmingham, Alabama 35244 205/987-8711
Transcript of Collateral Exception Reporting Information System - CERIS · CERIS is an online web application...
Collateral Exception Reporting Information System
CERIS is an online web applicationthat enables financial institutions toeffectively manage and report on loancollateral technical exceptions anddocument expirations. Through aneasy-to-use, browser based interface,CERIS provides a standard, consistentmethod for tracking loan exceptionsthroughout the organization.
Proper loan documentation is criticalto a financial institution not only froma regulatory standpoint, but also froma bottom-line standpoint. CERIS willhelp the institution reduce the numberof loan exceptions and improve thebottom-line by minimizing the risk ofloss from bad loans due to inadequateloan documentation.
Because of the powerful simplicity ofCERIS contributing to improved speedand accuracy of exception tracking,the institution will easily be able toincrease its loan volume without theneed to add staff.
A Different ApproachAs a hosted solution, CERIS replacesmany of the traditional ways loanexceptions are tracked (i.e. note pad,spreadsheet, local client-server soft-ware, etc.). CERIS is provided as aservice through the Internet and isaccessed through the end-users webbrowser. The CERIS application as wellas all of the data maintained by theCERIS system is centrally located in
the ACCi datacenter. The data is secure-ly encrypted and transmitted over theInternet using the Internet standard forsecure transmission – 128 bit securesockets layer (SSL) technology. CERIScan function independently or it canintegrate with the institution’s platformsystem loan data through a nightlyupdate process, thereby eliminating theneed for duplicate data entry.
Some of the key features andbenefits of CERIS include:• Reduced number of loan
exceptions• Improved credibility with manage-
ment, auditors, and regulators• Central repository of loan account,
collateral, and exception information
• Flexible reporting & statistics broken down by branch, dept, officer, etc.
• Track collateral values for loan-to-value comparisons
• Track document expirations for financial statements, insurance, etc.
• Customizable document exception templates for various loan types
• Option to report in PDF, MS Excel or MS Word format
• Document imaging link for seamless operations
• No initial hardware/software capital investment required – only a web browser
• User defined field for user's unique needs
"We have used CERISnow for over a year
and have beenimpressed by the
many advantages itprovides over othersystems we used in
the past. CERIS offersan attractive, easy to
use interface andallows a variety ofreport formats for
both the lendingstaff and
management. Withall CERIS does for us,we can't imagine life
without it!"— Paul RogersExecutive Vice
PresidentRed Mountain Bank
Birmingham, AL
[email protected]/755-5711
ACCi2496 Valleydale Road
Birmingham, Alabama35244
205/987-8711
A Better ChoiceThe beauty of the CERIS solution isthe ease of deployment & use com-bined with the efficiencies gained bythe institution using the service. Thereis no upfront hardware investmentthat must be made. There is no clientsoftware that must be installed onevery workstation or updated everytime the software is upgraded. Thereis no data backup responsibility for theinstitution, as we conduct backupoperations nightly. All of these advan-tages relieve the institution’s internalIT personnel of responsibility for theimplementation and administration ofanother software solution, allowing
them to focus on their internal issuesat hand.
Another key benefit of the CERIShosted solution is accessibility. Anyauthorized user with Internet accesson their computer can log into theCERIS system to perform their allowedfunctions. Loan officers at branchesthroughout the organization can pullup and review their loan accounts andexceptions. No more dealing withhard-copy reports, spreadsheets orhaving to email file attachments.Improved access to real-time excep-tion data should improve the institu-tion’s ability to reduce open loanexceptions.
Interested inDocument Imaging?
CERIS seamlesslyintegrates with theApplicationXtenderdocument imagingsystem fromDocumentum, aworld-wide leader in documentmanagementsolutions.
• Scan documents through CERIS and have the exception automatically cleared
• Retrieve document images through CERIS at the account level and the individual document level
• Automatically index scanned images based on CERIS key values (i.e. loan number, tax id, loan name, and document type)
• Bulk scanning and indexing options
[email protected]/755-5711
ACCi2496 Valleydale RoadBirmingham, Alabama35244205/987-8711
The CERIS home page for aparticular financial institutiongives an overview snapshot of where the institution currently stands regarding loan exceptions and expiringdocuments for the overall institution as well as for thelogged in loan officer.
The Account page allows you to easily locate theappropriate loan accountand maintain technicalexceptions and collateralinformation as required for each loan.
Flexible PDF reporting allows for the viewing, printing, downloading, or e-mailing of all CERIS reports.
CERIS offers a highly secure, robust way to centrally manage the loan exceptiontracking and reporting process. Contact us for more information or to schedule aweb demo to see CERIS in action.
