However, this will likely result in some banks adopting doc management systems for credit management. When there is no high-degree management to steer the financial institution to revamp credit management processes and methods, determination-making could be led purely from the technology facet.

The lack of area expertise in this field may also result in lengthy-drawn implementation and big integration to enterprise user requirements later on. The IT division could need a sweeping standardization throughout the enterprise for higher general efficiency.

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However, credit management is usually not seen as a major candidate for transformation by senior management compared to other extra “value-adding” elements of the company banking business. The world trend sweeping credit management systems in banks is to take it out of core methods and make it an enterprise resolution.

• The international monetary disaster – and the credit crunch that adopted –