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Abrigo Collaborates with Validis to Speed Up Small Business Lending Process

Abrigo | May 21, 2022

Abrigo Collaborates with Validis
Abrigo, the leader of compliance, credit risk, and lending solutions for financial institutions, announced an alliance with Validis, a secure data ingestion platform that pulls clients' financial information in real-time, standardized for easy consumption. This partnership will allow financial institutions to extract general ledger data quickly and efficiently. With Validis, banks and credit unions can go from application to spreading financials to deciding on loans without leaving Abrigo's Sageworks loan origination system.

Pulling and uploading financial data severely slows down the small business lending process and can be frustrating for both the lender and the borrower. The newly available integration of Validis' data extraction software solution eliminates the need for repetitive data entry and manual collection of documents by allowing banks and credit unions to create financial statements automatically from up-to-date general ledger data. The Validis integration complements Sageworks' unique Electronic Tax Return Reader to streamline digital processes for even more applicants. This will speed up the lending operation, so borrowers get answers faster, and institutions can assess and book more loans in the same amount of time.

Validis enables borrowers to share their entire financial data history directly from their accounting package in a standardized format, improving insight for financial institutions. Key features include the ability to digitally receive financials in real-time, easily spread customer financial data, and quickly decide if a borrower is creditworthy.

"The Validis integration with Abrigo will further enhance a streamlined platform and provide clients with a powerful alternative to manual data collection, said Abrigo President Jay Blandford. This partnership fits well into our vision to make big things happen and better serve financial institutions.

"We're really pleased to announce our new partnership with Abrigo and integration with their leading Sageworks software, We have a common goal of helping to digitize and streamline the lending process for many U.S. financial institutions. Access to financial data is traditionally a manual and time-consuming process – using Validis will not only help enhance the decisioning process for financial institutions, but it will also equip them with new insights to help manage risk and monitor portfolio performance."

-Paul Thomas, CEO at Validis.

About Abrigo
Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth. Visit www.abrigo.com to learn more. Follow Abrigo on social media using @WeAreAbrigo.

About Validis
Validis manages the acquisition and curation of data through a single platform, driving value, business insight, and operational efficiency for some of the world's biggest brands across accounting and financial services. Validis is an intelligent API that accesses and standardizes financial information, powered within an easy-to-use interface. Visit www.validis.com

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They can also apply security policies based on the network type—specifying different policies for primary network users, staff, POS, and even customers. • Protect small businesses and their customers from cyberthreats. New network-specific content filtering in SmartBiz gives BSPs more flexibility to protect small businesses and their customers from malicious content and cybersecurity threats. • Enable secure staff onboarding without changing passwords. Now small business owners can manage staff accounts easily when they join or leave the business. They can also apply network access hours and content restrictions to staff networks. • Expanded security for mesh Wi-Fi. Small business owners can now rely on added encryption between gateways and satellites. 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These latest enhancements to SmartBiz are an important step in helping broadband service providers of all sizes expand well beyond a legacy competitor while transforming the communities they serve through the power of the Calix broadband platform and our fully integrated managed services.” Read the e-book, “How Broadband Service Providers Can Become the Catalyst for Small Business Growth,” to learn how BSPs can deliver secure connectivity that helps small businesses in their communities thrive. About Calix Calix, Inc. Broadband service providers of all sizes leverage the Calix platform and teams to simplify their business and excite their subscribers to grow the value of their business and for their communities for generations. The democratizing power of the platform and portfolio of managed services enables them to operate efficiently, acquire subscribers, and deliver exceptional experiences. Calix is dedicated to driving continuous improvement in partnership with our growing ecosystem to support the transformation of our customers and their communities.

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