Conference preservation schedules and easier audits increase conformity
Wednesday, December 11th, 2024The trouble
CHFA’s procedure was indeed most paper-extreme. One file range of 300 pages having a single friends loan so you can more eight,000 profiles having a professional financing. Employees still put files regarding the lifetime of the borrowed funds. This type of data have to fulfill particular requirements and you may read tricky organization and you can financing acceptance techniques. On the other hand, CHFA should fulfill compliance for authorities and you will monetary regulatory authorities. This type of require some maintenance episodes in order to offer for over sixty decades.
The clear answer
To eliminate these problems, CHFA chose Hyland’s business blogs functions system, OnBase. CHFA become on very first implementation into the hr (HR). The brand new implementation having Hour, a smaller sized agency, turned out to be an easy profit you to definitely easily proved the significance off digital stuff government.
The brand new agency then moved on so you can Advantage Government, Family Money, Single Loved ones Credit, Multi-family members Financing, Low income Property, Tax Credit Allotment and you can Providers Money. The audience is deleting lowest-really worth opportunities regarding teams which have OnBase over the company. This way, they can focus on behavior as his or her each day workflow, not documentation, claims Brian Mueller, ECM Program Director.
Electronic files rescue $one million yearly
CHFA has actually incorporated the platform with its from inside the-house arranged software applications. (more…)
