Case Study: VÚB Bank modernizes contract management with Cequence

VÚB Bank saves 13 MDs annually on contract processing with Cequence

VÚB Bank, one of Slovakia's largest financial institutions, faced significant inefficiencies from a rigid contract management system that could not handle high volumes, leading to manual errors and user frustration. The bank needed a stable, flexible, and compliant solution to modernize its processes and partnered with Cequence to implement a new digital contract repository.

Cequence delivered a complete redesign with personalized automated workflows, AI data extraction, and eSignature integration. The solution saved approximately 65 man-days annually: 13 from automated contract preparation and approval, 50 from AI-powered data extraction for regulatory reporting, and 2 from digital signing. This provided VÚB Bank with a reliable system that ensured full compliance and greatly increased operational efficiency.

VÚB Bank