“Abrigo helped us get out of the fire and took a major headache away for us. They were working overtime alongside us.”
"Our branches still interact with members and conduct transactions, but we lifted the burden of filing CTRs and other reports off of them."
“Our turnaround time improved tremendously. because we were able to customize it and tailor it so we could get all of the information we needed for underwriting up front, instead of piecemeal like every other bank.”
“By using fraud scenarios to stay on top of fraud trends, we’re doing a better job of protecting our members and their money, helping them to be more confident in their banking decisions.”
“We’re required to do annual reviews of all of our commercial loans. When we input the annual data, we can get current data on whether the loan is diminishing or increasing based on the ratio analysis. We can also see what kinds of risks are inherent within it. It sure does alleviate a lot of the workload and a lot of the problems we had been facing. Once Abrigo Credit Analysis was implemented, there wasn’t much questioning from our examiners in terms of the validity of the statistics that were generated because of the reputation of having the latest and greatest comparisons to look at. The rhetoric from the examining staff dropped by about 90%. For us, it has been a game-changer in terms of our ability to convince examining staffs that what we’re doing is indeed appropriate.”
"The part I like most about Abrigo Credit Analysis is the global cash flow analysis. By putting in the individual tax return and the business tax return, or even tax returns for multiple businesses, it does the analysis to combine all of those in a meaningful way."
"We wanted a partner, not one that was going to be here today or tomorrow, but with us for the long-term. We looked for someone that would be able to build with us, that saw our vision for the future."
"Many of the documents are automated and easy to quickly access with Sageworks ALLL. There’s been significant time savings around that."
"Sageworks Credit Analysis from Abrigo is a much more powerful solution than we originally anticipated. It has gone way beyond our expectations."
"Abrigo’s global analysis ensures accuracy, and the narrative reports provide time-savings and consistency. Our examiners have commented that they like the uniformity our software solution provides to our credit analysis."
"Abrigo has helped contribute to the bank’s tremendous growth in such a short time. It allows our lenders to spend more time making loans and building their portfolio."
"As a small community bank in a town that has a lot of regional banks, because we are not always the price leader on rates, we have to find other ways to compete. And I think one of the biggest ways we compete is our speed to market, getting an answer back to the client or prospective client quickly."
"Compliance is a cost center, but BAM+ and WirePro enable us to work more efficiently and harness costs to an appropriate level for our size. Abrigo helps us see, and plan for, the big picture."
"We were able to reduce our false positives by 70%, which led to improved exam results."
"We had the OCC in-house for the last three weeks he asked some questions and we got [Advisory Services] on the phone. They were able to satisfy his answers. He was impressed with us moving forward with BAM.”