by Mike Walsh | Dec 5, 2019 | Blog, Salesforce Tips
As a Salesforce ISV and Consulting partner, we at CloudMyBiz have seen all sorts of complex situations and struggles when it comes to creating a case for switching to Salesforce. After all, making the switch to Salesforce isn’t always a quick and easy decision. Often, the person championing the idea of adopting Salesforce isn’t the person who has final say in the matter.
While Salesforce has innumerable benefits of adoption, it may not always be the right place or time to make the switch. To make that determination, we always recommend you do a thorough business analysis to come up with a solid case for making the switch.
So, to convince your boss (or yourself if you are the boss) that it’s a good idea to switch your company over to the Salesforce CRM, we recommend starting here:
1) Start with the basics. Take a minute to refresh yourself on what Salesforce is and what it does:
https://www.edureka.co/blog/what-is-salesforce/
2) Then do some digging into benefits of Salesforce:
8 advantages of CRM Salesforce
3) And the benefits of Salesforce Automation:
https://cloudmybiz.com/the-benefits-of-salesforce-automation/
4) Finally, take a deep look at building your case:
https://www.salesforceben.com/how-to-create-a-persuasive-business-case-for-investing-in-salesforce/
If you go through all of those, you should have all the pieces of information at your disposal and ready to thoroughly build the argument that making the switch to Salesforce is in the best interests of your company.
Now you just have to pluck up the courage to bring this all to your boss, and see your hard work pay off!
-Ryan and the CloudMyBiz Team
Want to get started with Salesforce?
Need custom development or consulting to enhance the Salesforce you already have?
Contact us
CEO of CloudMyBiz Salesforce CRM consulting services with a deep knowledge in the lending industry. Taking keen interest in the project management side of operations, playing a vital role in the 31% YOY company growth. Strategic leader, mastering the ability to problem solve at every level of the business, providing effective solutions for clients.
by Mike Walsh | Nov 20, 2019 | Blog, Salesforce-Apps-AppExchange
If you have ever used campaigns in Salesforce to create lists, and then use them for various activities, such as marketing, email blasts or to generally keep track of a certain group, then you might have experienced the frustration that is adding members to a campaign. As part of the standard Salesforce feature, users have a few steps to take to add leads and contacts to a campaign: either through a list import, and by running a report. Campaign Member Helper changes that, giving you faster, easier and more options for managing your Salesforce Campaigns!
The Campaign Member Helper allows users to search for leads/contacts and add them to a campaign as campaign members. The component also supports deletion of campaign members.
Check it out here!
CEO of CloudMyBiz Salesforce CRM consulting services with a deep knowledge in the lending industry. Taking keen interest in the project management side of operations, playing a vital role in the 31% YOY company growth. Strategic leader, mastering the ability to problem solve at every level of the business, providing effective solutions for clients.
by Mike Walsh | Oct 11, 2019 | Blog, Salesforce-Apps-AppExchange
Why does booking travel and tracking expenses have to be complicated? When your regular business day is highly automated and just about everything from your documents to your email to your calendar is integrated, why should your travel and expenses be done with frustrating and time consuming reporting practices. SalesTrip gives a better expense management system, directly in Salesforce.
Employees book trips and submit claims driven by dynamic CRM data, increasing sales productivity, actionable travel insights and ROI for your business.
Check it out here!
CEO of CloudMyBiz Salesforce CRM consulting services with a deep knowledge in the lending industry. Taking keen interest in the project management side of operations, playing a vital role in the 31% YOY company growth. Strategic leader, mastering the ability to problem solve at every level of the business, providing effective solutions for clients.
by Mike Walsh | Oct 3, 2019 | Blog, Salesforce Tips
One of the characteristics of modern technology is that just about everything that can be automated, is being automated. From shopping to restaurants to CRM’s, automation is one of the most common changes to come to any business. And the various branches of alternative lending, funding and fintech are no exception.
An automated loan management system has a number of significant advantages over legacy lending systems. Using a modern cloud platform, these systems provide superior customer experiences, improved decisioning accuracy, and eliminate paper documents. It streamlines the entire process of originating, underwriting, and servicing Alternative Loans and Merchant Cash Advances, or whatever funding vertical you work in.
Replacing manual steps with automation, transforming paper into digital format, and gathering performance data on all aspects of your lending practice lets you:
- Provide a better user experience to improve the speed and accuracy of loan applications
- Process a larger number of loan applications with existing resources
- Eliminate sources of human error for faster, better-quality evaluation decisions
- Establish predictable, repeatable, and auditable processes that support compliance
- Reduce delays and costs associated with paper processes
- Analyze process and loan performance with the goal of continually improving efficiency and profitability
Unlike legacy solutions, that are often a hodge-podge of outdated and unconnected systems, each handling only a single element in the funding process, modern, automated loan management solutions helps firms attract and close more deals, accelerate the underwriting process, generate more pricing options, reduce errors, and ensure greater consistency. These funders also earn a more professional reputation among borrowers, brokers, and syndication partners.
Key Benefits of Automated Loan Management Systems:
1. Better Loan Processes and Results
For each origination, loan officers collect a large number of documents and data points, including face-to-face interactions, email, fax, text, or documents uploaded through a site. They all need to be added to the system, carefully tracked and thoroughly reviewed against information on the loan application and from third-party sources. Technology can identically process every document, and easily integrate 3rd party data sources to provide a faster, more reliable and more accurate process.
Automation also decreases the manual work associated with notifications. Every application, and often the various stages requires a response or notification. A quality system helps lenders create a variety of notification templates, specify triggers for when they are sent, and then populated with loan-specific information before sending the notification.
2. Improved Speed to Completion
Using intelligent technology options, such as smart content recognition, and automated data population, document review and verification times can be drastically reduced, which speeds up processing and shortens origination time frames.
Automation improves applicant evaluation and loan decisioning. It eliminates repetitive manual steps that are best executed digitally and allows human expertise to be applied where it works best. Some examples include:
- Integration with credit data sources and services such as LexisNexis or Experian lets lenders automatically and quickly verify applicant information.
- No lost or misplaced documents. Paper documents converted to digital images are immediately and securely accessible by the underwriter, so they can review applicant materials more quickly.
- The combination of decision rules and integration with credit data sources and services lets lenders automatically calculate optimum loan structures and terms.
- Decision rules provide predictable, repeatable processes that remove the variations associated with human decisions and demonstrate compliance with lending regulations.
3. Better Tracking and Transparency
With just a couple of clicks, automated loan management solutions can prepare a comprehensive view of all documents that have been received, verified or flagged for follow-up, and where the application is in the approval process. In contrast, documents collected and tracked through manual efforts may not be available on various systems, paper-based checklists or a loan officer’s email account.
In addition, advanced reporting options in a CRM give managers essential data on conversion rates, lead sources and more!
4. Scalability and Growth
A better loan management system also greatly reduces training demands and risk, helping lenders quickly and more affordably scale to meet peak seasons. That translates to lower risk of quality degradation and lenders can save on overhead costs associated with ongoing training.
The more you eliminate manual processes and streamline your business, the more volume one person can handle. This means that with your current team, you could dramatically increase your deal volume. Further, adding more resources lets you increase your deal flow just that much more!
Because cloud based CRM’s can be implemented and used anywhere, you eliminate all sorts of restrictions, such as geography or only being able to login from a certain machine. Since the process and data is also shared amongst the team, adding new team members becomes faster and more intuitive, helping you onboard without slowing down the train!
-Ryan and the CloudMyBiz Team
Want to get started with Salesforce?
Need custom development or consulting to enhance the Salesforce you already have?
Contact us
CEO of CloudMyBiz Salesforce CRM consulting services with a deep knowledge in the lending industry. Taking keen interest in the project management side of operations, playing a vital role in the 31% YOY company growth. Strategic leader, mastering the ability to problem solve at every level of the business, providing effective solutions for clients.
by Mike Walsh | Sep 12, 2019 | Blog, Salesforce-Apps-AppExchange
Are you ready for a new way to submit Merchant Cash Advance deals? Pearl Capital has developed the first Salesforce App for the MCA industry this year, allowing its ISO Partners to submit and track the status of deal submissions 24/7.
Pearl has been working on improving all aspects of the Merchant Cash Advance process for its ISO Partners and this Salesforce App is the newest part of its growing suite of technologies.
Since being founded in 2010, Pearl has provided over 23,000 financings to small businesses across the country. Now, Pearl’s partners will have a whole new way to submit and get even more MCA deals funded than before. Best of all, deal submission will be faster than ever.
Click here to sign up!
CEO of CloudMyBiz Salesforce CRM consulting services with a deep knowledge in the lending industry. Taking keen interest in the project management side of operations, playing a vital role in the 31% YOY company growth. Strategic leader, mastering the ability to problem solve at every level of the business, providing effective solutions for clients.
