Cleareye.ai's PPP Loan Forgiveness and Servicing Solution is an intelligent document automation engine that uses NLP, advanced Machine Comprehension, Computer Vision, Machine Learning and configurable rules to process documents at scale for PPP Loan Forgiveness.
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The Cleareye.ai PPP Difference:
PRIVACY-LED DESIGN
We place user protection, privacy and trust above everything else. Access & retention controls further protect users & their data.
Jasper PPP Loan Forgiveness Platform
Banks are estimated to spend more than 15 million hours reviewing PPP loan forgiveness applications.
Cleareye.ai's PPP Loan Forgiveness Platform
THE SOLUTION
PPP Loan Processing Engine
Cleareye.ai Advanced AI Engine
Operations Support
Forgiveness Determination - Processes forgiveness calculation based on SBA guidelines
Forgiveness Document Collection – Accepts forgiveness application and relevant documents
Reconcilliation Engine
(Un/Semi) Structured Document Processing – Extraction & validation of information
Analytics Dashboard & Reporting
Dashboard Review – Monitor productivity goals, ect
Quality Control Check – On forgiveness applications
The Benefits
Get your PPP Loan Processing Engine today!
Speed and
Scalability
Process documents in seconds, not hours. Deploy on-Premise or on cloud. Integrates with core applications.
Implement In Days/Weeks
Immediate
ROI
Up to 80%
Accuracy
Not months. Pre trained models and Rules Reconciliation Engine specific to PPP loan forgiveness & servicing in place.
Implement a tailored solution in days to weeks not months, while realizing immediate ROI with use-based pricing.
Front Office
Usability
Our Engine is simple to use, supporting multiple users with a variety of document types & layouts enabling faster data training. No IT / back-office personnel needed to train models.
USE TECH YOU ALREADY HAVE
Integrate with your existing systems through APIs & create a single digital workbench for your analysts.
PROVIDES TRANSPARENCY
Complete auditability & traceability for every action performed. Highlights discrepancies and calls out manual intervention needs.
The Latest in Industry News & Cleareye.ai Updates
Cleareye.ai works to provide up to date, industry relevant news on a number of banking topics. Select an article below to learn more about how Cleareye.ai can help you with PPP Loan Forgiveness Processing.
The PPP Loan is Here. Are Your Systems Ready?
The pandemic has hit businesses hard. With so many in need of assistance, the federal government and SBA are offering low-interest and forgivable loans to small business owners...
PPP Processing Engine Features
A Digital Workbench With Conversational AI
Cleareye.ai's PPP Loan Forgiveness Processing Engine provides you with a single digital workbench, highlighting discrepancies to act across forms that needs manual intervention.
DIGITAL WORKBENCH
Dashboard with average processing time/application.
WORKFLOW AUTOMATION
Providing you with a single digital workbench.
CONVERSATIONAL AI
Conversational AI to enhance your team productivity.
CORRECTS
Analysts correct data comparing against original PPP forms.
CONFIDENCE SCORES
Confidence scores for Payroll, Mortgage, Rent/Lease and Utility bills extraction.
COMPLETENESS CHECK
Performs completeness check and highlights missing or incorrect data.
RECONCILLIATION
Reconciliation across Payroll, Mortgage, Rental, Utility Bills, SBA and PPP rules.
Calls out matches and discrepancies with options to update.
CALLS OUT DISCREPANCIES
Confidence scores minimizing manual review and summary for quick verification.
ELIMINATES MANUAL REVIEW
Cleareye.ai's PPP Loan Forgiveness Processing Engine automates the ingestion of unstructured documents, as well as reconciliation across forms and SBA Rules. With the addition of the Digital Workbench, our engine accelerates and automates business decisions reducing processing time up to 70%.
Cleareye.ai's PPP Engine
Loan Forgiveness and Servicing
15 MILLION
Superior object detection. Confidence scoring for each extract. Handle structured, semi-structured, and/or unstructured data.
Reduce cost, increase throughput, and improve accuracy – now
The New Stimulus: What Does it Mean for Small Business?
For the past few months, America has been waiting for a new COVID relief package. On Dec. 20, negotiators finally agreed upon a $900 billion package with $284 billion going towards...
You could reduce processing times by up to 70%?
WHAT IF?
The current economic crisis along with restrictions related to pandemic has significantly impacted small businesses. The Paycheck Protection Program...
Leveraging Technology To Automate Lenders PPP Forgiveness Processing
Without Strong Technology, PPP Round Two Could Leave Lenders Floundering
If lenders don’t invest in robust technology solutions for managing the coming onslaught of loan applications, they risk, at best, falling behind...
