Case Study: Commencement Bank achieves greater efficiency and less paper with Alogent AccuAccount

Commencement Bank cuts paper and streamlines banking with Alogent’s AccuAccount, serving $531 million in assets

Commencement Bank, a financial institution based in Washington, faced operational challenges due to its reliance on paper documents. Maintaining physical customer and loan files was inefficient, hindered information sharing between branches, and made audit preparation a time-consuming process. To address this, the bank turned to vendor Alogent and its AccuAccount document management system.

By implementing Alogent's AccuAccount, Commencement Bank centralized its documentation digitally. This solution eliminated the need to transport physical files, provided lenders with remote access to information, and streamlined audit preparation with electronic file access. The bank achieved greater efficiency and scalability, with staff reporting significant time savings through automated exception reporting and easy drag-and-drop imaging. Alogent's implementation and support were credited as key to the project's success.

Commencement Bank