SBA PPP Solution In-a-Box: PPP Loan Automation from Origination to Forgiveness

Presented by

Darshan Jain, Sr. Director of Banking at Blue Prism and Pawan Jadhav, CEO at Lateetud

About this talk

Lateetud, in partnership with Blue Prism and Microsoft, has created a turn-key, SaaS solution to automate SBA PPP loans. Together, we’re helping banks handle the surge in PPP applications, reducing time spent processing and approving loans from weeks, to just a few hours. This cloud-based solution uses Blue Prism intelligent automation, Microsoft Power Platform and Azure Form Recognizer, automating the entire end-to-end PPP loan origination and forgiveness process, resulting in: 1. Expedited Processing - Validate, calculate, record, submit, track requests in minutes, not days 2. Business Transparency – Real time reporting & insight into processing time, staff utilization, case status and load 3. Content Intelligence - Convert unstructured documents into structured, usable content for further processing 4. Increased efficiency - Execute fast & accurately with a digital workforce complementing existing employees 5. Full Case Management - Orchestrating unpredictable circumstances to achieve optimal outcomes and efficiencies 6. Production-ready Deployment. Set up in days, on-prem or in existing cloud platform of choice (Azure, AWS, Google) 7. Enterprise security & scalability. Full audit trail, 100% compliance & accuracy 8. Web and mobile customer front-end. Collaborate with customers, lending staff efficiently, via intelligent chatbot

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