Case Study: Leading Mid-Sized Bank doubles productivity and boosts revenue with SS&C Technologies

EVOLV opens the door for Mid-Sized Bank to Expand Investment Opportunities and Increase top line Revenue without Increasing Costs

Leading Mid-Sized Bank was struggling with operational risk from heavy reliance on spreadsheets and manual processes, no integrated data repository or reporting environment, limited scalability, and inability to meet new regulatory and loan-level accounting requirements. To address these challenges the bank engaged SS&C Technologies and implemented their EVOLV platform to consolidate credit risk, reserving, accounting, and reporting functions.

SS&C Technologies deployed EVOLV modules (data intake, business rules engine, model execution, accounting, and reporting/analytics) to automate loan-level amortization, charge-off calculations, non-accrual accounting, and regulatory reporting. The solution eliminated spreadsheet-dependent workflows, enabled daily systemic data intake and automated controls, and doubled productivity by reducing the accounting cycle from 8 to under 4 days; it also increased revenue by enabling loan participation accounting without added operational cost while providing a scalable, compliant platform for future changes.