A staple for commercial banks!
January 27, 2023
A staple for commercial banks!
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with BankStride
BankStride automates document collection, loan covenant monitoring, vendor management, track construction budget and draw requests, etc. It is the only that actually automates these activities because it interfaces directly with our clients, vendors, etc. It's both secure and personal, and our customers report a better experience due to the platform's simple and intuitive interface.
- automates document collection
- automates loan monitoring
- automates risk reporting
- loan portfolio management
- construction loan monitoring
- loan draw management
- loan processing
- secure document collection
- loan exceptions management
- vendor management
- OCC compliance
- Regulatory reporting
- regulatory compliance
- Wish it was free
- Automated document collection
- Regulatory Compliance
- Intuitive Design
- Customer Portal
- Loan portfolio reporting
- Automated loan covenant monitoring
- Construction loan management
- loan draw management
- $17,400 saved per user per year on average
- Approximately 290 hours saved per user per year
nCino does not offer the automation features that BankStride does, which is why we went with BankStride. nCino is much more expensive (and requires Salesforce) and seems to lag a bit. It's a heavy lift for banks to implement, whereas BankStride can be implemented immediately. I believe BankStride can integrate with nCino which could be helpful, but in my opinion, BankStride is a stand alone product.
Do you think BankStride delivers good value for the price?
Yes
Are you happy with BankStride's feature set?
Yes
Did BankStride live up to sales and marketing promises?
Yes
Did implementation of BankStride go as expected?
Yes
Would you buy BankStride again?
Yes