Enterprise digital documentation infrastructure provider Arteria AI has partnered with TruStage Compliance Solutions, a provider of financial transaction technology and expertise, to launch Deal Flow, a content modification and deal management integration that is purpose-built to support community banks and credit unions.
TruStage Compliance Solutions is the largest provider of “compliant lending and deposit documentation supporting over 5,400 banks and credit unions through a dynamic tech-stack based product and a static PDF product.”
Clients can now gain access “to Arteria’s digital documentation workflow for commercial lending.”
Many financial institutions struggle to “manage negotiated transactions and highly manual lending processes.”
Complete and accurate compliance and documented processes “are significant pain points and there have been few opportunities to automate document-heavy workflows.”
Deal Flow is accessed through existing dynamic documentation workflows and streamlines the “modification and redlining of commercial loan documentation.”
Each change and decision to the deal is “automatically logged and memorialized in a detailed audit trail for complete assurance on compliance and procedural consistency.”
Notably, TruStage’s compliance warranty is “preserved for all unmodified parts of the document.”
The result is that negotiated transaction documentation “moves into the digital sphere – communication is centralized on a digital platform, the right workflow steps are automated, and rich reporting insights become available to further streamline the deal process.”
Greg Bierl, Director of Revenue for TruStage Compliance Solutions said:
“Arteria brings a next-generation technology stack into our market. Arteria’s platform is tried and true in the largest segments in financial services. This partnership expands our capabilities and furthers our ability to drive real and tangible value in an integrated ecosystem for our customers.”
Powered by data, Arteria AI is “trusted” by banks to “transform client document processes at enterprise scale – working smarter and faster to maximize revenue and save time and cost.”
Arteria says that it removes the “need for legacy manual processes by streamlining the documentation lifecycle, speeding up decision-making for all stakeholders through an interface.”
TruStage claims that it is a financially strong insurance, investment and technology provider, “built on the philosophy of people helping people.”
They believe a brighter financial future should be “accessible to everyone, and our products and solutions help people confidently make financial decisions that work for them at every stage of life.”
With a culture rooted and focused on creating an equitable society and financial system, they are committed to giving back “to communities to improve the lives of those we serve.”