The Coronavirus Aid, Relief, and Economic Security (CARES) Act’s Paycheck Protection Program (PPP) forgiveness process is constantly evolving. Lenders using highly manual and tactical processes for the intake of PPP loan applications now need an auditable method for managing forgiveness requests.
Our PPP application ensures compliance for eligibility and forgiveness under the new CARES Act. Appian provides faster processing, with fewer errors, supports fraud detection, easily integrates with existing systems of record, and can be deployed in just days on-prem or in Appian’s secure managed cloud, based on your bank’s needs. The application can be live in just days, and can be quickly extended with advanced automation features including RPA and AI-powered intelligent document processing.
Your app, running in days. Can’t beat that.
If regulations change, your workflows adapt. Quick and easy.
Starting at $25k per month.
Simple and predictable.
Loan application submission online, through a call center, or through intake of the SBA standard form via email or paper.
SBA 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 forgiveness and compliance requirements.
“About 70% of small businesses have applied for a Cares Act loan. It’s unclear how many have received them.”
Appian is built to meet the operational demands of global banks. And it’s always scalable, reliable, and secure.
Appian is rated #1 in Case Management by Forrester–so your team can speed through any case work.
Connect and share data with existing bank systems of record–data migration optional. Leverage industry-standard tools like DocuSign and Box – with no code.
With leading reliability, RTO/RPO, and comprehensive security qualifications, Appian Cloud is trusted by the financial Services industry. Or, deploy on prem.