H Y P E R A U T O M A T I O N

The challenge

Reacting to the COVID-19 pandemic, the Federal Government provided $349 billion of loan funds to support SMBs. Due to the extremely high demand for these loans, most organizations – including banks and the SBA itself – faced operational turmoil and bottlenecks in application handling and approval processes.

The Solution

UiPath Robotic Process Automation is the solution enabling the automation of operations related to the application and approval of these processes as follows:

  • Extraction of borrower information from forms such as PPP/941/940/944/100 Misc.
  • Detailed loan verification checks
  • Data submission to the SBA portal via API integration to E-Tran.

How robots automate application processes?

01
Data extraction

When an application arrives, the robot extracts borrower information from forms such as PPP/941/940/944/100 Misc.

02
Verification checks

Then the robot performs detailed loan verification checks, with rule based decisions. Human interaction can be involved too.

03
Data Submission

After verification and approval as needed, the robot sends all necessary data to the SBA through API integration.

Automation results

What are the exact benefits of automating CARES Act and PPP loan applications?

1
Processing time

Processing time

After implementing robotic automation, average time for processing an application drops by 90%, from 30 minutes to 3 minutes.

2
Increased throughput

Increased throughput

Robots start their tasks immediately after implementation, hence processing applications 24/7 thereof.

3
High accuracy

High accuracy

As human errors are minimized or eliminated in the process, application document become more accurate while SBA filing becomes automated too.

4
Quick implementation

Quick implementation

Since the tools for autoamting the processes described below, implementation is radically faster and less invasive compared to different enterprise IT implementations.

5
Connecting systems

Connecting systems

RPA enable interactions with various additional IT systems without API integration. That is, RPA mimics human behavior, thus processes data on the screen and in databases.

Automation solutions for the banking industry

A complete journey in automation and your robots' future on the long run.

1
Mainframe automation

Mainframe automation

Integration and automation of legacy mainframe systems, such as IBM I Series (AS/400) with UiPath RPA.

2
Back office automation

Back office automation

Repetitive human tasks in back office processes can be automated by integrating UiPath in the existing BPM environment.

3
Compliance solutions

Compliance solutions

UiPath RPA is used by the Federal Bank to keep compliance operations costs low and meet regulatory requirements – all this in half the time than before.

4
Forgiveness automation

Forgiveness automation

Following reconfiguration, verification, checks and approvals for forgiveness cases can be automated by the same UiPath RPA agents which performed the application management, hence maximizing return on investment.

5
BPM solutions

BPM solutions

Our proprietary SaaS BPM suite xFLOWer enables visual business process creation, modification and implementation without coding. xFLOWer is used by financial institutions, telecommunication corporations, retailers and service provider enterprises.

6
BPM and RPA

BPM and RPA

UiPath RPA and xFLOWer BPM suite is available in one integrated solution, enabling high level back office process automation. End to end business processes are managed by xFLOWer BPM, while desktop tasks are performed automatically by UiPath RPA agents, hence resulting in maximum cost reduction.

About us

23 years in business process automation

xFLOWer Inc. is a dynamically growing European IT enterprise with more than 20 years of operation. During the past decades, we developed mature technology solutions for BPM, on which we base our reliable IT solutions. xFLOWer is one of the most comprehensive BPM and document management tool in the CEE region that supports financial, telecommunication, utilities retail and various other large enterprises in achieving more effective business operations and business process automation.

UiPath Silver Partner

Our partnership with UiPath enables us to deliver hyperautomation solutions, which combine the power of BPM and RPA in order to achieve never before attainable levels of back office automation. We also provide BPM and RPA solutions as standalone services, thus, in case your company already obtained one of our solutions, we can still provide support with implementing the other.