Software Helps Area Institutions Perform Exception Monitoring Tasks Efficiently and Effortless

Loan Officers know that proper loan supervision must include thorough monitoring of collateral and policy exceptions, as well as accurate tracking of loan documentation and collateral perfection. Equally important is effective reporting and maintaining information availability at all levels. Wisconsin financial institutions are now discovering that tracking key documentation requirements and keeping on top of the various exceptions that inevitably occur in a lending function no longer need to be time-consuming and complicated processes— thanks to BankManager®DAudit. This Windowsbased document tracking exception reporting system helps minimize examination exceptions. It provides an automated solution to this key requirement and permits the user to perform exception monitoring tasks, track policy exceptions and add custom exception codes with a click of the mouse.

ISB Community Bank, Ixonia is just one institution realizing what this powerful and user-friendly software solution has to offer. Loan Representative, Wendy Cataldo, has been using the software since mid-August and recognizes the value in the many report features and custom reporting capabilities. With BankManager DAudit, data that used to be tracked manually on separate spreadsheets is automatically completed. “We used to have separate spreadsheets for all reports, UCC continuations and exceptions,” Cataldo said. “Now, all the information is centralized and everything is available at a glance.” Not only has the software benefited Cataldo, but others in her department as well. “Since using BankManager DAudit, our officers now receive reports that show more information than was available in the past.”

BankManager DAudit is the technology solution for today’s financial institutions. Marketed and supported by Financial Institution Products Corporation® (FIPCO®), this software brings together the information needed to provide quality customer service and achieve efficient loan and account supervision. Used by financial institutions throughout the country, BankManager DAudit has many advantages and features not contained in other tracking systems. The software also allows for customizing of exception codes, policy exceptions, loan grades, loan status, and many more, all with the click of a mouse.

As a daily user of BankManager DAudit, Cataldo has found that tracking and reporting tasks are now significantly less time-consuming. As she continues to utilize the software, Cataldo is eager to discover more of the many features and benefits BankManager DAudit has to offer. “I’m looking forward to using more of the software,” Cataldo said. “The capabilities are endless.”

To learn more about BankManager DAudit, contact the FIPCO Customer Service Department at (800) 722-3498 or send your request via e-mail to fipcosales@fipco.com.