Case Study: a large financial company achieves peace of mind and lien protection with Wolters Kluwer ELM Solutions' Auto Continuation

A Financial Client Finds Confidence in Auto Continuation

A large financial company, acting as a lender, faced the challenge of manually managing its Uniform Commercial Code (UCC) filings to protect its collateral. When the single employee responsible for monitoring and filing lien continuations left, the oversight lapsed, exposing the company to significant risk. To solve this, the company turned to Wolters Kluwer ELM Solutions and implemented its Lien Solutions Auto Continuation service.

By automating the continuation process, Wolters Kluwer ELM Solutions eliminated the risk of human error and freed up the client's loan administrators from time-consuming manual work. The solution provided the financial company with complete confidence that its collateral was protected, improved its internal workflow, and supported its compliance and audit functions. The client reported that the service took the possibility of losing collateral "out of the equation."