The UK based solution provider said that the newly introduced Ambit Commercial Lender offers uninterrupted support for all aspects of the commercial lending lifecycle, such as application processing, credit assessment, approval, document preparation, loan boarding, servicing and portfolio management.
It also provides commercial lending process a single platform, thus catering a combined view of customer information to assist banks to deliver better services at an aggressive price.
The firm said that the software automation process reduces manual intervention and boosts operational efficiency to allow lower costs and improved agility throughout the lending lifecycle.
Additionally, Ambit Commercial Lender offers banks to manage credit quality and the associated risks as well as help ensure regulatory compliance.
SunGard commercial credit solutions market manager Vincent Kroening said banks operate in a competitive, low-loyalty environment, within a complex regulatory framework.
"In order for banks to capitalize on this opportunity, they must focus on enhancing efficiencies front-to-back and on providing a better product and service to their customer. Ambit Commercial Lender helps banks do this with accurate, timely information, automated processing and greater transparency," Kroening added.
