While we know that no system can be fully prepared to support the unknowable challenges presented by something like COVID-19, AFS systems are inherently designed with the agility to handle changing regulatory, accounting, and processing requirements. We have been in constant contact with our clients to help them assess how both AFSVision and AFS Level III can be used to manage new and emerging loan deferments/forbearance initiatives and comply with the CARES Act, PPP Loan requirements, and more.
The commercial lending industry has been shaken by recent events as it navigates new lending programs while still preparing for imminent regulatory and accounting requirements as well as maintain growth and earnings goals. With all the information out there on COVID-19, we’re working to put it in the context that will help our clients the most.