Finance

INDUSTRY: Finance Tags: Accelirate’s MuleSoft Integration Solutions Enable Fintech Firm to Implement BaaS Model, Saving $2.5 Million Annually 85% Reduction in Transaction Processing Time 150% Increase in Transaction Volumes Per Day 20% Enhancement in Customer Satisfaction Scores 25% Cost-Savings Achieved Client Overview The client, a leading financial institution, aimed to innovate and broaden their services […]

May 6, 2024

INDUSTRY: Finance Tags: Accelirate’s MuleSoft and FICO Solutions Result in $500K Annual Savings for Fintech Company in Operational Costs 80% Faster Risk Calculations $500K Annual Operational Savings 40% More Loan Applications Monthly 60% Fewer Data Errors Client Overview The client, a prominent financial services provider, specializes in home loans, catering to diverse customers through digital […]

April 16, 2024

INDUSTRY: Finance Tags: Overview Claim management needs industrial process automation because it involves individuals or organizations requesting payment for losses, typically financial ones, from insurance companies or relevant entities. It encompasses various steps and offers significant benefits, including cost-saving, reduced processing time, improved accuracy, data analytics, enhanced customer satisfaction, and strategic advantages. Challenges Complexity of […]

April 28, 2023

INDUSTRY: Finance Tags: Overview Of The Company The case study focuses on a major North American financial services institution renowned for its financial, retirement, and investment services expertise. With a vast clientele and extensive operations, the institution’s Client Service Centers handle over 3 million calls annually. Among these calls, approximately 15% pertain to loan and […]

December 2, 2021

INDUSTRY: Finance Tags: Overview Of The Company The case study centers around the Global Finance Unit of a prominent technology conglomerate operating worldwide. This unit is responsible for processing monthly employee payroll, which previously involved a team of analysts manually reconciling data between the Working File and the Gross to Net File provided by the […]

June 2, 2021

INDUSTRY: Finance Tags: Overview Of The Company The case study revolves around a Financial Investment Firm, specifically its Money In the department, responsible for the Corporate Payroll process. Each week, the firm handles the reconciliation of payroll files and requests for payroll deductions to be deposited into 401k accounts for its corporate clients. The traditional […]

September 11, 2020

INDUSTRY: Finance Tags: Overview  The Finance Planning Department of an International Retail and Manufacturing Company, along with its subsidiary brands, manages Electronic Data Interchanges (EDIs) received from customers via email, containing purchase order requests.The manual process of auditing, requisition validation, data correction, and Purchase Order (PO) creation was causing delays, errors, and employee fatigue, necessitating […]

June 15, 2020

INDUSTRY: Finance Tags: Overview Accelirate recently transformed a labor-intensive project equity analysis process for a client by RPA implementation. This solution optimizes the entire Equity Investment Report (EIR) process, which involves assessing project ROI and worthiness. Traditionally completed manually by financial analysts, the process was time-consuming and required substantial overtime hours. Accelirate’s RPA implementation automated […]

April 24, 2020

INDUSTRY: Finance Tags: A Major Loan Servicing Company is responsible for managing their borrower’s suspense accounts. The suspense account is a catch-all account in which the borrower’s money is stored until the loan servicing firm decides where to allocate the funds. The money in the suspense account can be moved to pay any or all […]

September 26, 2019

INDUSTRY: Finance A Fortune 500 Financial Services Company receives more than 200 Credit Dispute Complaints from customers daily. Utilizing a staff of three FTE’s and Four Credit Agents to investigate, action, and respond to each dispute resulted in hours of work daily both within and beyond working hours to appropriately resolve each dispute no more […]

June 10, 2019

INDUSTRY: Finance For any company Customer Relationship Management is an integral part of running a profitable business. Being able to quickly update, upload, and download accurate and up-to-date information, for a Financial Service Company especially, is important for monitoring customer risk and alerting agents and customers of possible fraudulent activity on an account. Currently at […]

INDUSTRY: Finance Tags: The client’s Default Management Function was broken into four separate business units: Pre-Foreclosure, Foreclosure, Bankruptcy, and Loss Mitigation. Within the Pre-Foreclosure business unit lies an important activity called ‘Breach’ that involves the servicer aggregating all loan data that warrants a Mortgage Breach Letter and compiling that data into a State-specific format that […]

November 28, 2018

INDUSTRY: Finance Tags: Every month the client considers a large group of people who have mortgages to potentially send out offers about refinancing to. Previously, hand-written rules were manually created by subject matter experts to reduce this large pool of potential recipients to a smaller number of borrowers to send offers to. Of these thousands […]

October 30, 2018

INDUSTRY: Finance Fannie Mae provides incentives to loan servicers to provide accurate reporting for all loans under their portfolio. The Electronic Default Reporting Process requires coordinators to go through a report of all Fannie Mae loans in a portfolio, identify if any loans have criteria that would indicate the loan being in an incorrect status. […]

October 24, 2018