1. Application Submission
Solution 7 Optimization & Key Benefits
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1. Application Submission
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Create External Web and/or End-to-End Portal Access for outside users
Internal App Entry Volume
Data quality & Vendor/Broker data entry -
Extend Existing End-to-End System Access for outside usersInternal App Entry VolumeData quality & Vendor/Broker data entry
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Create bulk application upload capability for Portfolio PurchasePortfolio evaluation & booking timeData quality
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Streamline application process for outside usersVendor/Broker training requirementsVendor/Broker User Experience & Volume
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2. Credit Decision
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Create Interface to Customer Data Verification for KYC and CIP compliance.Data Entry Errors, Time to Decision
KYC Requirements -
Add Credit Bureau Interface to score customer credit rating.Data Entry Errors, Time to DecisionManual Credit Score & Reports
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Create Interface to OFAC provider to satisfy Patriot Act requirements.Data Entry Errors, Time to DecisionManual OFAC Check
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Enable auto-decision capability through ScorecardsData Entry Errors, Time to DecisionVolume of Manual Credit Decision
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Enable Auto notification settings to alert Vendor/Broker upon approval or sales upon declineInternal Processing Time to DecisionVendor/Broker User Experience & Volume
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3. Documentation
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Automate Document Creation and Delivery for customer acceptanceLegal Document Signing TimeData Errors in Documents
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Deploy eSignature Functionality in DocumentsData Errors in Documents
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Standardize document templates and implement merged functionalityMultiple Templates in Doc Dept.Data Errors in Documents
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Automate Document Delivery & ReceiptLegal Document Signing Time
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4. Booking/Activation
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Automate final data checks required for activationOnboarding/Activation TimeData Entry Errors
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Apply FASB check to transactionOnboarding/Activation TimeIncorrect Contract Types
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Automate creation of General Ledger EntriesManual Accounting Data EntryAccuracy in Data to GL System
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5. Portfolio Management
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Create automated payment ability (ACH, Credit Cards)Delinquency Rate in PortfolioEase of Customer Payments
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Develop Online Payment Processing for End CustomersDelinquency Rate in PortfolioCustomer User Experience
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Implement & Configure Auto-Renewal processCustomer Renewal RateLessor Income
Best-in-Class Services for our HIPAA Compliance Clients:
Protection and security of patient data is our medical provider clients’ first and foremost priority. Solution7 offers premier services, ranging from the Security Risk Assessment through final implementation of safeguard measures for our client base.
Not only do we offer best-in-class insight, identification of gaps leading to cyberattack, and remediation guidance – Solution7 excels in delivery. Premier speed and accuracy implmentation of critical protection measures.The Process Lifecycle
1. Security Risk Assessment (SRA)- Conduct the SRA Review Onsite
- Identification of Admiinistrative, Physical, and Technical Risks
- Categorization of the Risk Levels: High, Medium, Low
- Deliverable to Client with detail of risk and recommendations
2. Immediate Remediations Implementation- Client and/or Solution7 close Immedidate Risks identified in SRA
- Review and identify remainder of high risk items to mitigate
- Client deliverable including:
- 1) remaining risks to be addressed;
- 2) summation of Immediate Risks eliminated
3. High Risk Elimination Final Phase- Scorecard identifying solutions and associated costs to Client delivered to Client
- Identify software/hardware/managed provider Vendor(s) from Scorecard
- Confirm solution strategy with selected Vendor(s), including:
- 1)Time and staffing for expediated implementation
- 2)Unified threat management capability
- 3)Endpoint and Server protection offerings
- 4)Cost of near and long term services to client budget
4. Ensure Vendor(s) Deliverables- Ensure vendor(s) deliver solutions within scope
- Ensure Vendor(s)(s) deliver solutions within timeframe
- Document full risks eliminated by Client
5. Proactive Compliance- Assure Client is positioned going-forward for routine Security Tests
- Advise client on cyber-insurance options and ransomware prevention
- Interact with Vendor(s) on client’s behalf as needed
