top of page

BankStride Platform

At BankStride, we simplify the loan process by streamlining key activities, including the management of loan documentation exceptions, covenant monitoring, portfolio management, document collection, and tickler tracking. Our platform is designed to reduce credit exceptions and save valuable time and money for employees in commercial banks.

We understand the complexity and time-consuming nature of loan management, which is why we have created a solution that automates and streamlines key processes. With BankStride, commercial banks can focus on serving their customers, reducing risk, and closing more loans.

Our platform is user-friendly and intuitive, making it easy for commercial bankers, credit officers, and loan operations to monitor their loans, handle exceptions, and collect documents with ease. Whether you're a large financial institution or a small commercial bank, BankStride is the solution you need to streamline your loan process and save time and money.

Features

BankStride is a digital banking platform you've been waiting for. BankStride makes it easy for banks to automate loan documents, exceptions tracking, loan reporting and covenant monitoring. No more managing checklists, searching for files in emails, or waiting on updates from other parties. Just create your requests and let BankStride do the work for you. 

Many Banks and lending companies depend on non-public client information to provide their
services. Examples include:


• Due diligence and underwriting for a loan or investment
• Financial and expenditure reports for monthly bookkeeping and tax services
• Regular document requests for credit exceptions, loan monitoring and covenant monitoring


Without a dedicated tool, professionals would have to manually manage checklists and calendar
events to keep track of all required information. BankStride automates this work while improving
security and reporting.

Why BankStride platform

  • BankStride is a web-based software solution for commercial banks and credit unions that works with customers to manage loan agreements and eliminate credit exceptions. BankStride improves credit exception management by reaching beyond the walls of the bank to work directly with customers.

  • BankStride is like autopay for customer information.

  • With BankStride, banking teams can schedule recurring requests for documents like financial statements and tax returns, compare actual and threshold covenant values (e.g. minimum DSCR), and send compliance certificates for signature via DocuSign.

  • Customers respond to information requests much like paying an online invoice – they clearly see what’s required of them and they act. Customers can respond using a login-less portal or by email – no account or password required.

How does this help banks

  • A borrower’s risk profile can change significantly over the years that follow a lending event. Managing loan agreement adherence through reporting and internal monitoring is an ongoing and tedious battle for banks. 

  • Banks that pursue superb loan agreement management are faced with handling complex recurring tasks using the basic tools of email, spreadsheets, and calendar ticklers. Banks that let this work fall behind risk delaying their awareness of problematic loans or operating practices, jeopardizing capital and reputation.

  • With BankStride, banks gain high-resolution loan agreement monitoring that saves time and delights customers.

How does our bank customer use BankStride

  • Our bank customer uses BankStride to schedule and automate the activities required to monitor loan agreements. 

  • For example, BankStride has proven effective in managing revolving lines of credit. BankStride  automatically requests and reminds customers to submit monthly AR and AP listings, inventory analyses, and borrowing base certificates each month. 

  • BankStride reminds the banking team to test various financial ratios. The results of the customer’s actions and the ratio testing all roll up to per-banker and per-office reports that can be run on-demand in seconds.

BankStride is powerful for bankers

loan-monitoring.png

LOAN

MONITORING

  • Track financial reporting, covenants, and certificates.

  • Issue compliance certificates for signature via DocuSign.

report-view.png

REPORTS AT EVERY LEVEL

  • Bank leadership can drill down to identify pockets of risk and underperformance.

  • Every member of the team knows where to focus.

flexible-info-management.png

FLEXIBLE INFORMATION MANAGEMENT

  • BankStride supports one-off and recurring information requests.

  • Flexible storage layer configuration options available.

bankers-view.png

Easy for bank customers

no-user.png

NO USERNAMES

AND

NO PASSWORDS

  • Customers receive tokenized links that enable portal access.

  • Bankers can request information from anybody with an email address.

upload-email.png

UPLOAD OR EMAIL

  • Easy to use customer portals show the customer exactly what is needed.

  • Email-based file ingestion enables customers to email files in response to requests.

timely-alerts.png

TIMELY ALERTS

  • Reminders and alerts are aggregated to prevent information overload.

  • Alerts can be toggled per-user.

  • Customizable reminder schedules.

customer-view.png
STREAMLING LOAN UNDERWRITING, LOAN MONITORING, COVANENTS, FINANCIAL REPORTING

Automate Bank customer information requests for covenant monitoring , loan reporting, financial reporting and exception handling.

BankStride allows you and your customers to exchange information with zero friction so that you can reduce credit exceptions and recover valuable time. 

COMMERCIAL LOAN MANAGEMENT

Manage loans pipeline and onboard new customers with an efficient and streamlined workflow using a slick and cutting-edge digital solution.

AUTOMATED DOCUMENT COLLECTION

Customers can securely and easily share documents in response to automated email and text notifications. No account setup or login is required.

LOAN RISK, COMPLIANCE AND COVENANTS

After a loan is booked, BankStride automates the management of loan reporting, loan covenants, compliance certificates, and exceptions reports.

IMPROVED EFFICIENCY & CUSTOMER EXPERIENCE

Customers have the option to send files through email or a secure login-less portal. Either way, we get the file where they need to go.

LOAN PORTFOLIO MONITORING

After a loan is booked, BankStride automates the management of loan reporting, loan covenants, compliance certificates, and exceptions reports.

LOAN REPORTING & FINANCIAL REPORTING

Bank leadership can drill down to identify pockets of risk and underperformance. Every member of the team knows where to focus.

SEEMLESS INTEGRATION & IMPLEMENTATION

Deployed in record time. Simple, intuitive user interface allow seamless adoption and integration. Add your team and third parties with a single click, and manage access permissions.

EXCEPTIONS & TICKLER TRACKING

Effective exception and tickler tracking systems facilitate better risk management, banks are encouraged to establish these systems 

CONSTRUCTION LOAN MANAGEMENT

Automate construction loan management and draw process with a digital friendly document management and approval process.

BANKERS STREAMLINE LOAN REPORTING DOCUMENTS

Know what you have, know what you need.

Why BankStride?

We're the digital banking solution you've been waiting for.

We make it easy to automate your loan reporting and covenant monitoring. No more managing checklists, searching for files in emails, or waiting on updates from other parties. Just create your requests and let BankStride do the work for you. 

How it works

BankStride combines checklists with cloud storage to help you communicate and monitor your information requests and covenants.

All it takes to get started:

  1. ​Request items by creating projects for one-off items or templated lists.

  2. Review incoming files from your client and mark items as satisfied or complete.

  3. Repeat with automatically recurring requests and reminders.

Who it's for

BankStride is a solution for individuals, teams, and banks that need a better way to request information. We've facilitated thousands of customer relationships and transactions with teams in banking, accounting, consulting,  and advisory services, just to name a few. 

FEATURES

Bankers increase efficiency and improve loan risk and compliance with loan monitoring, reporting and exceptions.

Know what you have,
know what you need

Create recurring requests with status indicators, reports and automatic nudges that keep everybody in the know.

Read More >
Many ways in,
password optional

Customers have the option to send files through email or a login-less portal. Either way, we get the files where they need to go.

Read More >
Built to empower bankers

Track and monitor financial reporting, covenants, and certificates, and identify pockets of risk and non-compliance.

Structured for you and
your team

Add your colleagues with a single click, and manage access permissions so the whole team can get the job done. 

We've facilitated over 1,000,000 client interactions...and counting.

Who are we
Exit Consulting Group logo_greyscale.png
FandS logo_greyscale.png
Hanna RE logo_greyscale.png
JW Practice Advisory logo_greyscale.png
Seth J.

"BankStride has saved us tremendous time and effort by getting exactly the information we need."

CONTACT US
Want to learn more or contact our team? Let us know where we can reach you.

Thanks for submitting!

bottom of page