Prepare for audit and regulatory compliance requests with end-to-end tracking of loans in one application for easy reporting.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act’s Paycheck Protection Program (PPP) forgiveness process is constantly evolving. Lenders using highly manual and tactical processes for the intake of PPP loan applications now need an auditable method for managing forgiveness requests.
Our PPP application ensures compliance for eligibility and forgiveness under the new CARES Act. Appian provides faster processing, with fewer errors, supports fraud detection, easily integrates with existing systems of record, and can be deployed in just days on-prem or in Appian’s secure managed cloud, based on your bank’s needs. 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.
About 70% of small businesses have applied for a Cares Act loan. It’s unclear how many have received them.
Complete automation streamlines your workflows and enhances your workforce productivity with virtual helpers.
Appian is built to meet the operational demands of global banks. And it’s always scalable, reliable, and secure.