Streamline the approval of credit cards, mortgages, reinsurance, and other financial and insurance products.

With increased scrutiny on activities and more government regulations in a volatile environment, financial services and insurance organizations must operate and move fast to increase operational efficiency and retain high-value customers. In particular, these companies face a unique set of challenges when closing new business. Many other industries rarely turn away a customer. However, customers can pose a greater financial risk to companies in the finance and insurance sector. These businesses must be able to identify high-value customers and avoid customers that would likely make a negative impact on the bottom line. Application and approval becomes a crucial process to win and retain the most desirable customers.

ProcessMaker software can streamline and automate the application and approval of credit cards, mortgages, reinsurance, and other financial and insurance products. By increasing the efficiency of these and other processes, financial services and insurance companies can reduce the cost and improve the outcomes of customer acquisition.

"The implementation of ProcessMaker in the processess, has allowed the bank to reduce the time taken in processing credit checks, and as such has provided a quicker service to their clients."
— José Luis Lijeron, Systems Manager, Banco Económico
"Our implementation of ProcessMaker has helped improved a culture of continuous improvement since automation can be achieved almost immediately. It is cost efficient and easy to deploy and use."
— Lanre Bamisebi , Head, IT Transformation Strategy and Application Development, UBA
"Our business is now truly automated and highly scalable."
— Bobby Vernon, Principal, HSU-VKU
"We have achieved the objective to safeguard our equity and credit funds through the automation of risk assessment and loan placement with less risk to our stakeholders."
— Alvaro Barrera, IT Director, Coincidir Servicios Financieros
"Our IT department approached ProcessMaker to build a core system for managing business workflows and internal operation workflows. We decided ProcessMaker Enterprise was the logical upgrade due to its enhanced features, capabilities and, most importantly, the real-time support we could get from ProcessMaker’s professional services team."
— Chau Nguyen, Project Manager, Kien Nguyen, SBPA