Automating SMB lending is imperative, not a luxury.

Auto manufacturers are reshaping the driver experience by developing cars that drive themselves. Marketers are propelling customers through the buying cycle by deploying tools that manage email campaigns. Retailers are ensuring that customers find what they want and need by leveraging software to replenish inventory without any manual effort. Automation spans across industries of all kinds to drive profitability, reduce labor burden and enhance the customer experience. Yet only half of all banks in the U.S. have deployed automation tools to process loans.1 It’s a mistake that will cost many lenders billions of dollars.