Small Business Lending Software

Responsible for overall business strategy, CEOs can leverage Newgen’s commercial lending software to ensure cost efficiency while maintaining credit compliance, managing risk, and overseeing credit growth. All of this enables them to deliver a greater ROI to stakeholders, including customers, employees, and partners.

• Increased profitability and revenue
• Quicker loan disbursal
• Higher volume of loan originations
• Rapid deployment for a faster ROI
• Faster time to market

With a focus on monitoring and growing credit, CLOs can maintain a healthy portfolio mix, drive market penetration, and reduce costs by leveraging a robust commercial lending solution. This further allows them to manage stakeholder relationships and ensure a faster ROI.

• Simplified communication using digital portals
• Improved productivity of loan officers and underwriters
• Shorter turnaround times
• Automated decisions for small value loans
• Greater frequency of first time right processing

COOs are responsible for streamlining operations, maintaining efficiencies, and ensuring real-time visibility and transparency across all processes. A commercial loan origination software can help them seamlessly manage documentation, loan servicing, funding, and closing, among other things.

• Increased number of loans serviced per staff (FTE)
• Improved productivity and an optimized workforce
• Centralized document access and processing
• Reduced operational costs
• Enhanced application tracking and monitoring

Responsible for ensuring compliance and mitigating risk, CROs can implement a robust commercial loan origination software to safeguard their organization. The software can help CROs manage credit risk, control risk distribution, ensure effective risk rating, and much more.

• Enhanced portfolio risk monitoring and mitigation
• Dynamic credit risk modeling
• More effective risk rating models and scorecards
• Ensured continuous improvement
• Integrated financial analysis
• Improved data governance and management

CIOs are primarily responsible for ensuring technological advancement and modernization. With a commercial loan origination software, they can develop and implement new or upgraded systems, while ensuring scalability and adaptability, to support business goals.

• Modern, adaptable, and configurable software built on a low code platform
• Stronger data analytics and a centralized repository for data and documents
• Quicker provisioning with cloud deployment
• Ease of integration with core and third-party systems
• Lower maintenance costs