AFS Bank Customer Diversifies into Commercial Lending and Gains Significant Competitive Advantage with AFSCommerce®

One of AFS' bank customers has big plans to become a nationwide bank and AFS is helping them get ready with AFSCommerce. With a history dating back to 1889, this bank provides a diversified line of products and services to consumers and small to mid-sized businesses. It is currently located in the Northwest and Southeast, but has plans to expand in the Northeast, Midwest, Mountain states, and Deep South.

Challenge

Legacy loan system limitations are constraining the bank's strategies for growth The bank has no capability to monitor loan portfolios at an executive level or automation to interactively view portfolios by detail

Solution

AFSCommerce: AFS Origination AFS Paralender AFS Level III™ AFS Lender Workstation™

Why AFS

Creates a platform that provides for optimal management of the Bank's business and for future expansion, revenue enhancement, and cost efficiencies Provides optimal loan accounting and the most adaptable loan information in the industry Automates and streamlines the loan process to minimize manual processes Provides comprehensive executive level reporting Standardizes loan documents to ensure efficient and accurate documentation bank-wide Accelerates turnaround time by making locally based lending decisions Enables flexible structuring deals to maximize revenue Utilizes value-based pricing through Application Service Provider (ASP) offering and Web-based implementation is easy to use at a relatively low cost

Bottom-line Value

Increased Revenue Increased revenue via flexible loan structuring Decreased Cost More loans processed at a lower cost per loan Competitive Advantage Enabled Bank to compete with other "best practice" banks Enabled better decision making from executive level down Created greater market share and leveraged capital more efficiently Enabled significant lending growth without having to add staff in most locations