Sageworks, a U.S. fintech that offers lending, credit risk, and portfolio risk solutions to banks and credit unions, announced on Monday its new integration with Adobe Sign for electronic signatures. This news comes just a few weeks after Sageworks announced it was acquired by Accel-AKKR, a private equity firm based in Menlo Park, California.
According to Sageworks, the financial institutions that are using Sageworks Loan Application to borrowers may now opt-in to leverage e-signatures through Adobe Sign without leaving the Sageworks platform. The new integration will also allow borrowers and guarantors secure and quick electronic signatures with a single click, cutting out unnecessary communication, trips to the bank and cumbersome printed applications. Sageworks also reported that institutions using the Sageworks Banking Platform can look out for the implementation of e-signature technology throughout other Sageworks modules in the coming months, making 100% digital workflows a reality. E-signature capability will also be available on mobile devices for added convenience.
While sharing more details about the integration, Scott Ogle, CEO of Sageworks, added:
“Manually collecting signatures can be an unnecessary pain point in the lending process, creating significant delays and headaches for the borrower. We are excited to announce the integration of the Sageworks Banking Platform with Adobe® Sign, and are confident this integration will empower our customers and their borrowers with an even more intuitive, seamless experience.”
Founded in 1998, Sageworks now offers banks and credit unions the technology they need to give SMBs a better borrowing experience and greater access to capital. The company aggregates private-company financial statements from accounting firms, banks, and credit unions through a cooperative data model.