Heartland Financial USA Selects SunGard's Ambit Commercial Lender to Help Improve the Lending Lifecycle
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 04 December 2012
Release date- 03122012 - Iowa - Heartland Financial USA, Inc., a $4.6 billion commercial and retail bank holding company operating in eight US states, has selected SunGard's Ambit Commercial Lender to help improve its commercial lending operations.
The solution will initially provide Heartland with a single platform to be used for its small business lending center. This will help Heartland improve services and enhance price competitiveness to assist in building more profitable, loyal customer relationships.
In addition, SunGard's Ambit Commercial Lender will be implemented to automate the bank's entire lending workflow for its commercial and agricultural loan origination processes to help reduce manual input and error, boost productivity and enhance process efficiency and data integrity.
Ken Erickson, executive vice president and chief credit officer of Heartland said: 'In commercial banking, having an efficient lending operation is vital to providing customer responsiveness and market competitiveness. With Ambit Commercial Lender, we are deploying a single platform to fully support our end-to-end lending operations, which will help improve productivity and lower costs throughout the entire lending process. SunGard's solution will also help us adhere to our policies and procedures, as well as help ensure regulatory compliance.'
Alwin Meyer, chief operating officer of SunGard's Ambit Risk & Performance Management business unit, said, 'We are encouraged to see the industry acceptance and implementation of Ambit Commercial Lender so soon after its launch. Ambit Commercial Lender will allow Heartland to achieve a complete customer view, while helping it with more accurate and timely information, automated processing and greater transparency. This will help enhance efficiencies front to back to improve customer service and aid customer retention, while helping to lower costs and ensure regulatory compliance.'
Ambit Commercial Lender provides end-to-end support for all aspects of the commercial lending lifecycle, including application processing, credit assessment, approval, document preparation, loan boarding, servicing and portfolio management.
Heartland is an existing user of Ambit Credit Assessment and Portfolio Monitoring.
About Heartland Financial USA, Inc.
Heartland Financial USA, Inc. is a $4.6 billion diversified financial services company providing banking, mortgage, wealth management, investment, insurance and consumer finance services to individuals and businesses. Heartland currently has 65 banking locations in 42 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, and Minnesota and loan production offices in California, Wyoming, Idaho, Texas and Nevada. Addition information about Heartland Financial USA, Inc. is available at www.htlf.com.
About SunGard's Ambit
SunGard's Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and performance. Ambit helps banks retain and acquire customers, improve staff efficiency and effectively measure and allocate their capital. For more information, visit www.sungard.com/ambit.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and was ranked 480 on the Fortune 500. For more information, please visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Ambit are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
SunGard 2012. All rights reserved.
[Editorial queries for this story should be sent to email@example.com]
((Comments on this story may be sent to firstname.lastname@example.org))
(c) 2012 Electronic News Publishing -
[ Back To TMCnet.com's Homepage ]