The future of finance is uncertain, but some things are clear

by Mike Walsh | Jul 21, 2020 | Blog, From Around the Web

When the world went digital, so did finance. Unlike many industries, finance had a fairly easy transition from in-person to virtual life. That said, when you consider how common things like virtual banking and virtual bill pay were even before the pandemic, it’s hardly a mystery why. But, does this current success predict a smooth future?

While we don’t currently know, there are a few things we can look at to take a guess. One point to consider is the stability (or lack thereof) of the overall economy. Though many financial institutions quickly jumped to virtual services, will the rest of the workforce adjust as easily? And what does that mean for those that don’t?

Another factor is the multitude of uncertainties surrounding the pandemic. We aren’t sure when the first vaccine will be ready for use, or even how we will adjust back to our regular lives. The pandemic has highlighted the flaws in insurance’s current design and made fixing them an urgent priority. And, with so many businesses’ futures up in the air, long-term planning for lenders is difficult at best.

What will the upcoming demand for loans look like? How will policy change to suit it? And how will this fit in with the churning seas of the pandemic? Consider talking with the experts to develop a customized plan for your lending services.

Mike Walsh

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.

Advice from the Experts: Choosing the Right Salesforce Consultant

by Mike Walsh | Jul 17, 2020 | Blog, From Around the Web

What good is your data doing if it’s not being used? While there are plenty of Salesforce apps for lenders, they’re only good if you understand how to use them. Fragmented data across multiple programs is harder to keep track of and interpret, costing crucial insights into borrowers. How can you get the most out of your lending CRM?

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The job of a Salesforce consultant is to make sure that your company has the best tools for their Salesforce CRM. This can include recommending apps, business consulting services, training your staff, and researching your company to create a custom Salesforce CRM solution. That said, with hundreds of thousands of consultants to choose from, knowing how to choose one is a skill in itself.

So what should you know when choosing a Salesforce consultant? Number one, ask your Salesforce Account Executive for help. They can help you compile a list of Salesforce consultants who work in finance and lending. But how do you tell what your company may need in an uncertain financial climate? There are a few constants that you can still rely on.

Mike Walsh

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.

Funding frustrations: How to find help when the banks say no

by Mike Walsh | Jul 17, 2020 | Blog, From Around the Web

With mounting financial pressure on borrowers and lenders, the economy is fighting to recover from the pandemic. Lenders and investors sat cautiously after the 2008 recession, leaving struggling businesses limited resources. However, will they act quicker this time? Due to advances in risk assessment technology and lessons from 2008, the answer looks like a yes.

Factors that make someone too risky for bank loans are not necessarily as hazardous for alternative lenders. Even now, they are looking for new opportunities in businesses that can readily adapt to post-pandemic life. The flexibility of alternative funding makes it a more appealing option for struggling businesses with pressing financial needs.

While normal circumstances would give many businesses time to make themselves more appealing to lenders, the urgency of the unexpected financial hit is driving many to seek immediate help. But, how can businesses make sense of their options? This article from Finance Monthly explains how.

Mike Walsh

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.

Remote Loan Management

by Mike Walsh | Jul 2, 2020 | Blog, From Around the Web

Like many others that can’t get to their offices to work, lenders are finding it difficult to manage their day-to-day operations. How can we handle applications, evaluate borrowers, and service loans when all the information we need is sitting in a desktop computer or paper files?

Loan management systems that are hosted in the cloud let you manage these tasks remotely. A system like FUNDINGO lets you login from anywhere on any device to access all the vital information you need to run your lending business.

In this short video, www.fundingo.com , learn more about a secure, cloud based system can support your lending operations.

Mike Walsh

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.