The amount of Digital Workers (Robots) you hire will determine how many SBA PPP authorizations from ETran you can accomplish:
1 Robot = Thousands of Automated PPP Loan ETRAN Submissions
Cognitive Data Extraction
The process begins with the Digital Worker (RPA Robot) sorting inbound emails and/or portal submissions to acknowledge Loan Applications and attachments to ensure completeness against SBA guidelines. It then reads and extracts the Data coming from the PPP Application Form (Borrower Application), Payroll Reports and supporting documents (Payment Files, Tax Returns, CRA, etc.) and when needed, sends the data to the ABBYY NLP engine to complete the extraction with high accuracy levels. Finally proceeds to send validated forms back to the borrower for Electronic Signature.
Once the Digital Worker (RPA Robot) has all the data it needs, it will make initial underwriting decisions and apply basic business rules to either accept, request more information/clarification or "hard decline" the loan application. This is achieved by configuring the rules, conditions and evaluation steps in accordance to the guidelines set by the Small Business Administration (SBA). Thus, saving valuable labor hours and avoiding errors in sorting and accepting applications by your human workforce.
E-Tran LOS Automation
Finally, the Digital Worker will prepare the data exactly as the ETRAN SBA System requires. It will then either log-in as a user or leverage ETRAN SBA's API, once logged-in it will access E-Tran's origination module and proceed to enter the prepared data as a human would (virtual keystrokes) into the SBA Electronic Lending platform to submit for review, and to secure Loan Application Authorization. When needed the Digital Worker (RPA Robot) will escalate exceptions or errors to the Human Workforce, otherwise, it will finalize on-boarding to seek final approval.