Case Study: Financial‑services subsidiary (life‑insurance premium financing) achieves near‑instant, accurate loan documentation with ActiveDocs document automation

A major finance business speeds up creation of insurance premium financing documentation with ActiveDocs Opus

Financial Services Company, a wholly owned subsidiary of a major US provider that manages over $3 billion in premium finance loans, faced lengthy, intricate and error‑prone loan documentation processes for highly customized life insurance financing products. After a proof‑of‑concept, the company selected ActiveDocs’ document automation software (implemented in Hybrid Mode with the Document Wizard and Workflow) to reduce manual editing and speed document production.

ActiveDocs integrated with the client’s loan origination and Oracle‑based management system and SiteMinder access controls to enable fully automated or questionnaire‑driven document generation, permissions‑based editing and an approval workflow that converts final documents to PDF. The result: production and review are greatly simplified with little or no manual editing, the wait time between agreement and document generation is virtually eliminated, and staff have been freed to focus on higher‑value, client‑facing work.