Case Study: Simmons Bank streamlines lending operations with Finastra LaserPro

Simmons Bank cuts loan document processing time by 50% with Finastra

Simmons Bank, a growing regional bank, faced the challenge of integrating numerous acquired banks into a single, efficient operation. They needed to streamline their manual, paper-based loan processes to support their expansion while retaining their valued community bank customer service. To solve this, they turned to vendor Finastra and its LaserPro loan documentation solution.

By implementing Finastra's LaserPro, Simmons Bank standardized its loan workflows, achieving significant efficiency gains. The solution enabled an 85% automated data field mapping from their loan origination system, which dramatically reduced manual handling and errors. This resulted in process time savings of around 50% on larger transactions and doubled loan throughput for their document processing team, allowing them to close more loans without adding staff.

Simmons Bank