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Business Loan Processing Automation

Workflow Template

Workflow Template

Updated: October 26th, 2020

Published: February 22nd, 2020

Downloads: 11

Industry: finance-and-insurance

Language compatibility: Visual Basic

Business Loan Processing Automation

Workflow Template

Summary: 

Business Loan requires analysis of the Balance Sheet to extract information like Balance Sheet, Cash Flow Statement, P&L and notes to account to give credit rating. All can be automated using UiPath

Current Process - the major pain

Business Loan Processing requires many data points and the ratio analysis is done to decide whether the loan should be given to a business or not.

Solution

Our UiPath workflow converts the dirty scan image PDF file into machine-readable Excel or database format in a few minutes. Our UiPath workflow convert the scanned image financial statement into a readable Excel or database format as follows:
  1. Step 1
  2. Configure the robot to use the right credentials in the file project_config.xlsx. In the file provide the directory from where PDF files need to be a pickup
  3. Enter your credentials in balancesheet.techaroha.com
  4. Step 2
  5. The sales team, credit rating tea or loan processing team will upload the companies/customer financial statement or balance sheet in a specific directory mentioned in project_config.xlsx. The UiPath robot will login to the web portal balancesheet.techaroha.com
  6. Step 3
  7. Web portal @ balancesheet.techaroha.com will accept the scan image PDF of balance sheet and convert them into text
  8. The system will shortlist the specifics PDF from PDF file like consolidate balance sheet, profit and loss statement page, and cash flow statement
  9. The web portal will also shortlist the note to account pages as requested by banks or direct selling agents.
  10. Step 4
  11. Balance Sheet AI (Artificial API) engine will convert the shortlisted PDF into an Excel sheet
  12. UiPath robot will download the output Excel file in the download folder or default download folder specified by the user
  13. This output process can be further customized to upload the Excel sheet in credit rating software or any software
Customization Option with Balance Sheet reading automation
  1. Plain Excel (Accuracy 80% of PDF will work)
  2. Predefined format with an exact data point (Accuracy 90% PDF will work)
  3. Data Points output in JSON Format/API Access (Accuracy 95% PDF will work)

Details

Benefits

- Business Loan Processing response time is reduced to a few minutes from the current period of 2-3 days
- Time-saving of up to 66 man-days for just 100 business loans
- Manual work of converting scan image/text balance sheet and financial statement is easily automated
- This helps utilize DSA time to convert more customers instead of wasting time in data entry
- Vendor cost for entry of balance sheet can be reduced by 80%

Compatibility

 Windows Internet Explorer. Customize option available for Chrome and Firefox

Dependencies

Internet Explorer , https://balancesheet.techaroha.com/

Licensing

By clicking download you agree to the following license.