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