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     155  0 Kommentare Appian Helps Banks Automate Lending under the CARES Act Payment Protection Program (PPP)

    Appian to host two webinars discussing the new $350B Act and demonstrating how Appian can accelerate bank response

    MCLEAN, Va., April 08, 2020 (GLOBE NEWSWIRE) -- Appian (NASDAQ: APPN) today announced an application that enables banks to accept and manage PPP loan applications from small businesses, support their unique servicing requirements, and ensure compliance for Payment Protection Program loans under the new CARES Act. The new application can be live in just days, and can be quickly extended with advanced automation features including RPA and AI-powered intelligent document processing. Appian will host two webinars on these topics.

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act’s $350B Paycheck Protection Program (PPP) provides loans to small businesses for the purposes of maintaining payroll and employing workers during the pandemic. Small businesses need rapid approval and access to these funds. Financial institutions must respond with fast, efficient processes.

    Appian’s application supports the full lifecycle of a new PPP loan through the Small Business Administration (SBA):

    • Loan application online, through a call center, or through intake of the SBA standard form via email or paper. Form submissions can be extracted using Appian’s AI-based Intelligent Document Processing capabilities.
    • Loan qualification, including initial eligibility survey, document collection, qualification, and digital signature collection. Loan applications are automatically generated and can be passed to the SBA’s E-Tran portal for SBA approval using Appian RPA bots.
    • PPP application fee reimbursement with automation data collection and packaging for submission to the SBA.
    • Ongoing SBA reporting and compliance to maintain federal guarantee status. Includes support for the unique delinquency, plan modification, and forgiveness processes associated with the new Act.
    • Complete reporting and auditing for easy business visibility into loan processing, as well as ongoing compliance requirements.

    “The PPP is a massive and unprecedented federal program, and it is evolving on a day-to-day basis,” said Michael Heffner, VP of Global Industries. “Appian’s low-code automation platform gives banks the flexibility to build fast and adapt to these changes. We enable them to automate their manual and hard to manage processes, which is critically important in this current environment of distributed workers.”

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    Appian Helps Banks Automate Lending under the CARES Act Payment Protection Program (PPP) Appian to host two webinars discussing the new $350B Act and demonstrating how Appian can accelerate bank responseMCLEAN, Va., April 08, 2020 (GLOBE NEWSWIRE) - Appian (NASDAQ: APPN) today announced an application that enables banks to accept and …

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