Whether via traditional or express onboarding paths, PrecisionLender will work closely with the institution's onboarding team to setup the pricing solution from start to finish. Below is a list of activities included in that setup process. Following the configuration stage, PrecisionLender will hold Lender Strategy Session(s) to train the commercial lenders on how to use the solution.
- Setting Up Regions
- Setting Up Security Profiles
- User Access Settings for Password and IP Restrictions
- Adding, Editing and Removing Users
- Setting Up Opportunity Stages
- Uploading a Custom Logo
- Confirm Product List: confirm list of commercial, deposit and other products you would like to include in your PrecisionLender instance. The configuration of these products will come at a later time.
Credit Migration and Risk Calcs Analysis
- Risk Calcs Analysis: Confirm Annual Loss and Credit Configuration by Risk Rating
- Setting Up Collateral Types
- Setting Up Guarantee Types
User Acceptance Testing
Engaging The Users
- Executive Strategy Session: Before rolling out PrecisionLender to the entire organization, we will conduct an Executive Strategy Session to review and discuss recommended practices for lenders’ use of the system (in other words, establish a pricing expectation policy).
- Lender Strategy Session(s): PrecisionLender will hold lender strategy session(s) to onboard the lenders and credit staff. Typically, we like to set aside 2-3 hours per session to ensure we have enough time to show the solution and how the lenders will be using it on a daily basis as well as allow time for the lenders to ask questions and run through examples. We are happy to conduct multiple trainings (at multiple sites, if necessary) to help get all the lenders onboard.