Case Study: a large national financial institution achieves greater efficiency and reduced risk with Wolters Kluwer ELM Solutions

Greater efficiency and reduced risk with Auto Continuation

A large national financial institution faced a challenge in managing its high volume of Uniform Commercial Code (UCC) filing continuations after the departure of a key employee. Their manual process was inefficient and prone to the risk of error. The institution turned to Wolters Kluwer ELM Solutions and its Lien Solutions division to implement an automated approach using its Auto Continuation service.

Wolters Kluwer ELM Solutions provided its Auto Continuation service to automate the vast majority of the client's UCC-3 continuations, with only a small portion requiring manual follow-up. This solution reduced the manual workload by the equivalent of 1.5 full-time employees, allowing staff to be reallocated to other projects. The institution also achieved over $41,000 in annual savings from reduced errors and a significantly more efficient process, safeguarding its assets through greater accuracy and control.