May 6 – IMM, a provider of innovative eSignature, workflow and document solutions for financial institutions, has announced that South Carolina-based Anderson Brothers Bank has deployed TotaleAtlas Workflow to strengthen its position as an indirect automotive lender.
Electronic documents and signatures continue to gain traction in the auto lending industry; consumers want to sign documents in-person at the dealer and dealers want quick document delivery. IMM’s workflow automation enables the $450 million independent bank to customize and manage virtually any internal or member-facing business function with TotaleAtlas, the company’s flagship eSignature and electronic document presentment platform.
Anderson Brothers has increased employee productivity as well as process governance and managerial oversight by automating tasks from origination through to funding. Applied to the bank’s indirect lending, IMM’s workflow results in fewer mistakes and faster contract completion for the dealer. The turnaround time has been cut in half from the three days it once took for Anderson Brothers to receive a package from a dealer and fund it; with IMM’s workflow, it is completed the same day.
Micky Watts, vice president of credit at Anderson Brothers Bank, explained, “The investment in TotaleAtlas Workflow has provided us with new efficiencies and the service value of getting dealers and their customers money faster. Plus, we have been able to break down traditional geographic boundaries in order to conduct business and provide services to non-local dealers.”
“Anderson Brothers was the first institution that came to us with the need to automate document presentment and process flow for indirect lending,” said John Levy, IMM co-founder and EVP and ESRA (Electronic Signature & Records Association) board member. “The bank’s quest helped us realize how our technology brings increased efficiencies, cost savings and enhanced services while meeting compliance requirements to thrive in today’s competitive banking environment.”
An independent business application solution version of IMM’s workflow technology, called IMM Workflow, is also available for any financial institution wanting to take advantage of IMM’s robust workflow technology.
Based in Linden, N.J., IMM develops and delivers innovative technology solutions that enable financial institutions to electronically streamline their business operations and processing environments. With a strong and secure legacy of serving more than 600 banks and credit unions with solutions for eSignature capture, business process (workflow) automation, and document presentment, IMM continues to create advanced software applications that promote clients’ sustainability while dramatically increasing productivity and operational efficiencies. The company is a longtime advocate of eSignature adoption and education, active in ESRA to advance the public’s understanding of issues surrounding the use of electronic signatures and records.
For more information, visit www.immonline.com.