Automated Financial Systems Launches IRIS, a Game-Changing Reporting Tool for Financial Institutions

AFS Introduces IRIS: Transforming Financial Reporting

Automated Financial Systems, Inc. (AFS®) has recently unveiled IRIS, a state-of-the-art reporting tool designed specifically for integration within the AFSVision® commercial lending servicing platform. This innovative tool aims to significantly enhance clarity and efficiency for financial institutions managing their commercial lending portfolios.

The Genesis of IRIS

The development of IRIS stemmed from comprehensive discussions with clients and partners to identify existing challenges and limitations in reporting practices. According to Rick Bare, CEO and President of AFS, understanding the pinch points in clients' current reporting systems played a pivotal role in shaping IRIS. This tool is intended to minimize reliance on centralized data warehouses and automate the access to vital information needed for effective business operations.

Key Features of IRIS

Available in the latest release of AFSVision, IRIS incorporates user-friendly self-service reporting and dashboard functionalities. Users can create customized reports drawing from hundreds of data points pertaining to both financial and indicative data available from the servicing system. This flexibility allows for a range of data summarization, from high-level overviews to detailed transaction-level insights into obligors and obligations.

Additionally, IRIS comes equipped with pre-configured reports tailored to facilitate decision-making. These