The Romanian Government reduced the processing time from 10 to 1.5 days for Covid-19 backed up job retention applications
Low-code use case powered by Aurachain platform.
Letter of Guarantee issuance is a lengthy process that requires banking organizations to handle heavy paper loads and conduct multiple system interrogations. Often, this is all carried out manually and can result in increased delays, mistakes, and a lack of visibility throughout the process. Ultimately, customers end up waiting longer than necessary on approval.
Using the Aurachain low-code platform, banking organizations are able to automate and accelerate the Letter of Guarantee issuance process by providing a streamlined digital customer journey from request to approval.
Deliver approval and documentation to customers in under 3 hours.
Integrate with multiple external and internal systems to provide the right data at the right time for informed decision making.
Process stakeholders gain full visibility across the process, at all desired levels of detail.
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Bogdan Neacsu, General Manager