Use cases
New Account
Loan
Mortgages
Currently, the banking landscape is forcing banks to rethink their business processes to adapt to the new environment. But, without technological intervention, banks will find themselves battling rising costs and inefficiencies in an increasingly fragmented and competitive marketplace.
As a result, N2WDMS is a state-of-the-art user friendly solution, which helps the organization better manage the creation, revision, approval, dissemination, and collaboration of electronic documents.
• Dynamic work allocation: Loan application can automatically be assigned to a specific team or person depending on the loan amount and risk profile or workload
• Roles and Rights-based access: Documents or KYC information can only be given access in a restricted manner depending upon employee designation, role in an organization. It helps in preventing revealing sensitive information to an unnourished person.
• Makes document retrieval easy: Document can be easily searched or retrieved using two methods 1) Metadata 2) Full-text search.
• Workflow analytics: Workflow analytic will help locate process bottlenecks time taken at each stage of approval. In addition, a live dashboard can bring important business insights which help in the decision-making.
• Tasks & Check List: At each stage of the process, a mandatory checklist and tasks can be assigned so that the knowledge worker follows the standard approval process, i.e., KYC documents, credit score, etc.
• GUI based form design: Forms related to different banking services can be exactly replicated in the workflow such that it is easier for the knowledge worker and customers to familiarize themselves with the system
"Currently, the banking landscape is compelling banks to reconsider their business processes to adapt to the new environment. Without technological intervention, banks will likely find themselves grappling with rising costs and inefficiencies in an increasingly fragmented and competitive marketplace.
As a result, N2WDMS is a state-of-the-art, user-friendly solution that assists organizations in better managing the creation, revision, approval, dissemination, and collaboration of electronic documents."
• Dynamic work allocation: Loan applications can automatically be assigned to specific teams or individuals based on factors such as the loan amount, risk profile, or workload.
• Roles and Rights-based access: Documents or KYC information can only be accessed in a restricted manner, depending on an employee's designation and role within the organization. This helps prevent the exposure of sensitive information to unauthorized personnel.
• Makes document retrieval easy: Documents can be easily searched and retrieved using two methods: 1) Metadata and 2) Full-text search.
• Workflow analytics: Workflow analytics help identify process bottlenecks and the time taken at each stage of approval. Additionally, a live dashboard can provide essential business insights to aid decision-making.
• Tasks & Check List: At each stage of the process, mandatory checklists and tasks can be assigned to ensure that knowledge workers follow the standard approval process, including tasks related to KYC documents, credit scores, etc.
• GUI based form design: Forms related to various banking services can be replicated within the workflow, making it easier for knowledge workers and customers to become familiar with the system.
