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 Origination for Syndications and AFS Level IIIT accounting system syndication module.

AFS Origination for Syndications is an easy-to-use interface for automating the administration, communication, and booking of syndicated and participated credits to the AFS Level III system, which automates back-office accounting and management of multi-party credits. Together, these modules seamlessly automate syndication and participation processing and establish a smooth flow of information that reduces turnaround times, improves control, and easily books syndication credits.

The Bank chose AFS for several reasons:

		AFS Origination for Syndications is a total solution for automating every aspect of a deal
		AFS has built a proven lending product and an integrated syndication product
		The bank was already using the AFS Level III accounting system for their lending processes, so the adding the front-end origination and accounting syndication modules would be simple.

One of the bank's goals was to lower the number of people working on a deal and to streamline the competitive bid process. They also wanted to:

		Automate all the administrative processes associated with syndicated deals
		Create a competitive advantage by supporting complex syndication and participation deals
		Increase current volumes by 100% with existing staff
		Track an investor's total relationship

AFS is a Total Solution for Automating Every Aspect of a Syndication Deal

AFS Origination for Syndications completely automates loan syndications and participations and enables the bank to increase syndication activity with no increase in resources. The software automatically sets up deals.

Learn more about AFS Origination for Syndications

Competitive Bid Process Is Streamlined Dramatically with AFS

Competitive bidding is a standard feature of most syndicated loan deals, enabling the bank to offer to lend out a portion of a credit facility at a rate below the one stipulated in the loan agreement. By encouraging borrowers to tap their lines of credit, competitive bidding helps increase revenues for banks. For borrowers, it helps cut interest costs. But competitive bidding is cumbersome and time-consuming as it forces the agency bank into the role of auctioneer. Soliciting the bid from other banks, communicating the bid to the borrower, waiting for the response, booking the winning bids and disbursing the funds can take days. Once automated with AFS, the process can be completed seamlessly in hours.