AFS Bank Customer Uses AFSSolutionT to Automate Syndication Processes and Gain Competitive Advantage

Syndications are a growth and revenue opportunity for all banks, and one of AFS' bank customers wanted to leverage that opportunity. When the bank set out to grow its syndication business, it knew it needed to automate its syndication processes to be more competitive. After considering several solutions, the bank chose AFSSolution, featuring AFS Syndications. Challenge The bank has chosen to grow business by increasing the number and size of its syndication deals, which increases exposure risk. Syndications involve high overhead as there is a great deal of notification and liability, operational risk, and financial risk due to the growing number of deals and the associated dollar value Highly competitive market Need for cost containment and limiting the number of resources allocated for the deals Solution AFSSolution: AFS Syndications AFS Level III  accounting system syndication module Why AFS Automates confirmations, competitive bids, notifications, and booking Provides complete deal monitoring and reporting Reduces errors, paperwork and delays by using electronic faxes and online bids. Provides comprehensive tracking and reporting of syndicated and participated credits Provides a unique "deal level" view of information, which speeds the answering of customer inquiries Simplifies the booking of syndicated loans into Level III Bottom-line Value Increased Revenue Doubled the number of syndicated deals Decreased Cost Reduces competitive bid process from days to hours Competitive Advantage Supports more complex syndication and participation deals Enables the bank to be more competitive in the syndication market

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