SAP CML is a loans management platform developed by SAP, a leading company in business software solutions. This tool allows financial institutions to automate and optimize their loan granting processes, allowing them to offer more efficient and faster services to their clients.
In Latin America, loan is a fundamental tool for economic growth and personal development. However, granting loans in this region can be a complicated process due to the lack of reliable loan information and the presence of fraud and financial crime.
This is where SAP CML can be of great help.
By automating and optimizing loan granting processes, financial institutions can obtain a clearer view of their customers’ financial situation and make more informed loan decisions.
One of the main advantages of SAP CML is that it’s a versatile platform that can be used to manage different types of loans, such as mortgages, consumer, commercial and investment. By automating and optimizing loan granting processes, financial institutions can reduce the time and costs associated with granting loans, allowing them to offer more competitive interest rates and expand their customer base.
In addition, by using SAP CML, financial institutions can maintain stricter control of their loan portfolios and minimize the risk of default.
Access to loans is still a challenge for many people and companies in Latin America. According to the Inter-American Development Bank (IDB), in Latin America, the percentage of adults with access to bank loans is 32%. This means that almost half of the adults in the region do not have access to formal loans. Lack of access to loans is an obstacle to economic growth and personal development in Latin America. People and companies without access to loans have fewer opportunities to invest in their business or education, limiting their ability to grow and progress.
Click here to learn more about SAP CML.