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"Underwriters had to manually rename documents and put them into the right places in the E-folder of Encompass®. It created a lot of friction before they could even begin underwriting."
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"Every underwriter reviewed every document for every customer, it was tedious and took a long time."
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“Building BlueVine’s risk infrastructure is an iterative process. It has helped us steadily expand our reach in unprecedented times, making us stronger, smarter, and even faster in financing small businesses.”
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"We believe in spending our money in smart ways, and Ocrolus has proven to be a very good buying decision.”
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"It created inefficiencies that impacted our ability to scale."
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“In a world where getting better returns is front and center for CEOs and CFOs of large financial institutions, Ocrolus is a surefire way to reduce costs, improve effectiveness, and create an immutable audit trail.”
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“Maintaining customer service standards with manual data review at the beginning of the process was proving expensive."
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"Before teaming up with Ocrolus, our team members spent over four hours per week manually relabeling documents and an equal or greater amount of time verifying income."
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“Now we process over 90 percent of our applications within 30 minutes. Processing applications within that time frame is definitely a remarkable achievement, and we were the first in the industry to do it. That was only made possible with Ocrolus.”
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“Humans make errors. It happens all the time; humans cannot always decipher what is relevant and not relevant; humans get tired.”
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“The impact of Ocrolus on our organization, and most notably to the underwriting department, has been nothing short of tremendous.”
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"Ocrolus has enabled small business owners to get an offer that much quicker, and it's really helped secure our underwriting processes.”
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“Ocrolus serves as a synergistic plugin for RPA, combining artificial intelligence and crowdsourced validation to analyze financial documents. We’re pleased to partner with Ocrolus on a common mission to drive automation and reduce manual processes.”
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“This is where Ocrolus really shines. eCommerce entrepreneurs don’t want to spend time recreating statements on other platforms if they can’t make the aggregator connection. With Ocrolus, they can easily upload bank statements, and in under two hours we have the data digitized and (more importantly) analyzed against the risk …
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"Ocrolus unlocks data trapped on documents, addressing one of our core issues in operations: We need quality, consistency and accountability in data; this was tough to achieve with manual data entry. Ocrolus solves that problem by pulling data operationally at scale and consistently delivering quality data."