Financial Institutions - Features & Benefits
iLumen Features and Benefits for Financial Institutions
iLumen’s experience serving the financial industry coupled with our expertise in managing private company financial data allows us to deliver tailored loan monitoring solutions for banks. After examining the challenges banks face in acquiring loan customer financial information - specifically spreading financial statements - iLumen developed a service that dramatically reduces process inefficiencies and run time.
Credit Portfolio Monitoring
iLumen’s Credit Portfolio Monitoring allows bank credit and relationship managers to actively monitor their customers’ changing financial trends and enables:
- Electronic financial data submitted directly by loan customers
- Higher quality data mapped to standards
- Alerts based on established thresholds for key ratios and covenants
- Your bankers and customers to be on the same financial page
Branded as your financial data upload system and accessed from your company’s website, iLumen’s Credit Portfolio Monitoring provides an easy method for your customers to upload monthly, quarterly and annual financial data.
[Diagram of upload process with Client Dashboard]
Branded as your firm’s financial data upload system and accessed from your company’s website, iLumen’s Client Portfolio Monitoring provides an easy method for your clients to upload monthly, quarterly or annual financial data. |
