Case Study: Automatic reduces auto loan approval time with ORIL’s fintech platform

Automatic cuts loan approval time by 87.5% with ORIL

The customer, Automatic, a fintech platform for auto financing, faced challenges with inefficient, manual processes that increased operational costs and slowed loan application approvals. They partnered with the software development vendor ORIL to undertake a digital transformation and build a web platform to streamline these operations.

ORIL designed and developed a comprehensive web application featuring automated loan assessment algorithms, a rate card system, third-party integrations, and e-signature capabilities. This solution reduced application approval time by 87.5%, registered over 1,500 dealerships, and facilitated the funding of more than 2,000 loans, significantly boosting Automatic's operational efficiency and market success.

Automatic