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The Coronavirus Business Interruption Loan Scheme (CBILS) is designed to provide financial support to small and medium sized enterprises (SMEs) with loss of revenue and disruption of cash flow due to COVID-19. SMEs need rapid approval and access to these funds. Banks are contending with a massive influx of applications for lending facilities, all of which require rapid lending decisions. They must respond with fast, efficient processes – especially challenging in the present environment where workers are remote.
View the demo to see how our CBILS application allows banks to accept and manage applications for lending facilities from SMEs, support their unique servicing requirements, and ensure compliance under the CBILS rules. The application can be live in just days, and can be quickly extended with advanced automation features including RPA and AI-powered intelligent document processing.