Undergraduate & Graduate Admissions

Financial Aid

Registrar’s Office

Recruitment management

Housing

Development / Fundraising Office

Contract and Grant Administration

Faculty Recruiting

 

Financial Aid regulations continue to evolve and change. Managing these changes, incorporating them into financial aid processing, and ensuring that new regulations are appropriately applied can be challenging. Student Services personnel and financial Aid counselors already burdened with processing requests and creating packages have the added burden of responding to incoming requests for the status of their applications. Delays can cause more inquiries, impact the view of the institution as a responsive organization, and delay incoming revenue streams

With Business Process management and Electronic Document imaging processing is streamlined enabling your Financial Aid personnel to efficiently manage the entire process. They are able to rapidly review an applicant’s portfolio with all of the required financial information readily available in an electronic folder and accessible using their normal web browser. Information can retrieved from other in-house and external information systems and sources that are seamlessly integrated into one comprehensive system. Standard rules, computations, and workflow processes can be automated based on the pre-defined rule and processes that they use today, thus freeing up time for your staff to focus on higher level tasks and decisions and providing a more collaborative and expeditious working environment for your entire financial aid department.

Key Benefits for Financial Aid
• Frees up valuable time for financial aid counselors to provide guidance to applicants and to address their specific needs and answer their questions a timely, efficient, effective manner.
• Streamlines compliance to new government regulations and removes the burden associated with maintaining mandated changes
• Significantly speeds up preparation of financial aid packages and, thus, quickens the revenue cycle – our clients have seen a 30 to 60 day improvement in the process
• Creates a paperless environment and eliminates the labor and costs associated with paper, paper storage, photocopying, faxing, and filing.

Contact a DataBank Expert
To learn more on how DataBank can help you manage your documents more efficiently, lower your operating costs, and improve your organization’s access to information in a highly secure environment, contact us today.

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