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. They are currently located in the Northwest and Southeast, but have plans to expand in the Northeast, Midwest, Mountain states and Deep South.

Historically the bank has focused the majority of its efforts on its consumer lending business, but recently decided to diversify into commercial lending and has made commercial portfolios and the overall growth of its business a key strategic initiative. As a part of their expansion plan, they made and acquisition that gives larger regional market share.

With all of this growth, the bank realized it would need to significantly strengthen its lending capabilities. The bank's aggressive goals require a fully integrated solution in order to facilitate growth and gain significant economies of scale in operations. It needed a software solution that would accommodate its growth plans as its legacy system was quite limited in functionality. The bank selected AFSCommerce for its robust and comprehensive capabilities, its full integration of lending processes and its affordability via the ASP (application service provider) delivery, which offers an outsourced pricing model.

AFSCommerce Provides a Fully Integrated Lending Solution

The bank is implementing AFSCommerce for the fully integrated automation for the origination, approval, booking, servicing, and reporting of business and commercial lending transactions. AFSCommerce will also allow the bank to leverage its nationwide retail banking network since many of the locations, when fully automated, can serve as conduits for both business and commercial lending business.

AFSCommerce Enhances the Bank's Ability to Compete

As AFSCommerce creates a platform that provides for optimal management of the bank's current business and for future expansion, revenue enhancement, and cost efficiencies, the bank's ability to compete with other best practice banks will be enhanced significantly.