ActiveDocs Limited, a world leader in the provision of document automation and compliance applications, today released a case study that describes the implementation of ActiveDocs Opus by CoBank, one of three wholesale banks in the USA’s $191 billion Farm Credit System that serves the lending needs of farmers, farm cooperatives and infrastructure cooperatives nation-wide. CoBank deployed ActiveDocs Opus across multiple areas of their core lending and leasing business.
Catherine Larsen, ActiveDocs VP Sales, North America, said:
“This case study provides a unique insight into large-scale automation in wholesale banking that runs on the out-of-the-box ActiveDocs Opus product. Complex business rules were built into the automated templates and it has enabled CoBank’s employees to produce contractual legal documents without the need for input of legal specialists. It has been a pleasure to work with CoBank on these implementation and template automation projects.”
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CoBank is a national cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture and the nation's rural economy. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving approximately 70,000 farmers, ranchers and other rural borrowers in 23 states around the country. For more information please visit www.cobank.com.
ActiveDocs develops Template management and document automation software that reduces the time and expense of creating documents, while mitigating the potential risk caused by inaccurate information. The company's solutions lower the possibility of complaints, legal issues and financial losses caused by manual document creation and help companies personalize standard, repeatable information. ActiveDocs has been in business since 1992, and specializes in state-of-the-art document automation and compliance for large enterprises. ActiveDocs' customer base covers over 160 of the Global Fortune 500, including the world's largest company – Royal Dutch Shell – as well as BP, Bayer Healthcare Pharmaceuticals, ABB and many other global giants.
ActiveDocs Opus™ is a world-leading Document Automation Solution built on Microsoft® Office and Microsoft® Windows Server technology, and supports industry standard integration with data sources and document storage and handling applications. Templates are designed in Microsoft® Word and built from reusable components. ActiveDocs Opus has built-in management and deployment tools to allow Templates to be used for User-Driven (interactive) and Program-Driven (automated) document creation.