HOUSTON--(BUSINESS WIRE)--Wolters Kluwer Lien Solutions has won two Best in Biz International 2020 Awards, with the Most Innovative Product Feature of the Year, Lien Insights Report (Gold), accolade as well as the Best New Product of the Year, Portfolio Sync (Silver), honors.
Wolters Kluwer Lien Solutions executives attribute continued industry recognition to the business’s ongoing commitment to address current as well as future client needs through product innovation. The business has leveraged modern technologies along with its deep domain expertise to provide solutions that are unique to the industry and especially relevant given today’s environment, which is characterized by a high level of lending risk.
“We commit a significant percentage of our revenue to pure product research and development. This commitment is long-term and continues through the ups and downs of the economic cycle and our revenue performance,” says Raja Sengupta, Executive Vice President and General Manager of Wolters Kluwer Lien Solutions. “In essence, we are committed to product and client experience innovation, not just when we have a clear line of sight to product revenue. This latest industry recognition reinforces the value of our lien management offerings, which provide lenders greater visibility into the status of their entire lien portfolio and help ensure that their assets are protected over the entire lifecycle of the loan.”
Lien Insights Report provides detailed reporting on a lender’s estimated Uniform Commercial Code (UCC) lien position and insights into lien activity for each of its debtors, providing a comprehensive, real-time view of lien positions across one’s entire loan portfolio.
Portfolio Sync is a first-of-its-kind UCC lien management solution that combines all of a lender’s existing liens into one view, no matter how or where they were filed. It provides greater visibility into the entire lending portfolio, identifies possible issues that may require handling to maintain a lender’s secured interests, and allows clients to manage actions on all liens from one dashboard.
Wolters Kluwer Lien Solutions, which is part of Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, provides award-winning solutions for lenders. Its flagship iLien offering gives lenders the ability to conduct public record searches, retrieve and view UCC and corporate records, create filings, and manage their entire lending portfolio. Its iLien Motor Vehicle offering is an award-winning SaaS platform that transforms vehicle and equipment titling work, helping lenders maintain loan perfection, monitor and manage vehicle liens efficiently, and release titles effortlessly.
Wolters Kluwer’s GRC division provides an array of expert solutions to help U.S financial institutions manage regulatory and risk obligations, including customized offerings to address COVID-19 challenges. Wolters Kluwer Lien Solutions’ iLien for Main Street helps lenders optimize their due diligence and lien management efforts when securing loans for small and medium-sized businesses under the Main Street Lending Program. Wolters Kluwer Compliance Solutions’ Paycheck Protection Program Supported by TSoftPlus™, meanwhile, helps lenders’ customers access critical stimulus funding.
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2019 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.