Mogo Financial Improved Sales Productivity Over 50% with Contract Management Software & Agreement Express by Recombo

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Number One Short-Term Lender in Canada Implements Agreement Express to Create an Online Loan Approval System

Agreement Express by Recombo

We have found great value from Agreement Express. It does exactly what we need it to do for our type of business in a reliable and cost-effective way. David Fleming, COO for Mogo Financial.

Recombo Inc., the global leader in Contract Management Software workflow solutions, today released a customer case study with Mogo Financial, the number one short-term lender in Canada. Mogo is revolutionizing financial services in Canada by offering consumers convenient access to small loans, short-terms and easy amounts to pay back.

Mogo loan agents use Agreement Express by Recombo to expedite the loan approval process by creating an online, self-serve system for their customers.

The main advantage for Mogo is the ability to close more business faster, reducing latency in loan process from 1 business day to 30 minutes or less. They have also experienced a significant improvement in conversion rates of website traffic to customers; an increase of 10% within one year of implementing Agreement Express. Applicants are more willing to start the loan process through their new automated loan application and approval process.

The challenge Mogo faced with their paper-based process was the length of time it took their loan agents to manually create and e-mail or fax their customers the loan applications; and the turn-around time for customers to sign and return the signed contracts.

In the case study, David Fleming, COO for Mogo Financial states

We have found great value from Agreement Express. It does exactly what we need it to do for our type of business in a reliable and cost-effective way. We are always looking for less expensive options to do the same business process, as we try our best to pass savings onto our customers.

The complete case study can be viewed at: Mogo Financial Case Study

Agreement Express is a paperless contract management platform that materially increases margins within days by replacing paper-intensive business processes. Agreement Express is revitalizing the contract management software market with technology that is powerful, affordable and rapid to implement.

Agreement Express by Recombo integrates four key product features that instantly impacts gross margins.

Document management - Agreement Express is built around a document management system that enables organizations to efficiently manage contracts that flow through each step of the contract approvals cycle: create, distribute, sign, error-check, monitor, store and retrieve.

Digital signature technology - Agreement Express is optimized to manage those documents that need formal or informal approval; primarily contracts and agreements. Approvals usually (although not always) require signature. As such, Agreement Express includes best-of-breed digital signature technology.

Workflow automation - Agreement Express incorporates a robust set of built-in workflow automation features that enable organizations to rapidly automate even the most complex contract routing process. Contracts such as insurance, wealth management and merchant card service application forms; employee on-boarding, or equipment lease agreements all require a number of forms to be completed and various internal and external signatories to approve. Agreement Express can rapidly automate all of it.

Integration engine - Agreement Express flexible integration engine enables users to import contract information from websites or front-office systems, and store completed contracts into any internal or external back-office system.

Pricing and other inquiries can be directed to Recombo Sales at recombo_sales(at)recombo(dot)com

About Recombo

Recombo is a global leader in contract management software that helps organizations streamline business processes, improve productivity, and reduce operational costs by 75% annually by automating their contract workflows. Agreement Express is built around a document management system that enables users to efficiently manage contracts as they flow through each step of the contract approvals cycle. From contract creation, distribution, signing, error-checking, and monitoring through to storing and retrieving. Designed with a robust set of built-in workflow automation features, that enables organizations to rapidly automate even the most complex paper-process. Agreement Express can automate all types of processes for various industries, such as insurance, wealth management, debt settlement and merchant card service application forms, employee on-boarding, or equipment lease agreements, that all require a number of forms to be completed and various internal and external signatories to sign & approve. Agreement Express’ flexible integration engine enables contract data to be imported from a variety of sources. Completed contracts to be exported into any internal or external back-office systems; including: CRM integration and web-site integration. Customers include Deloitte, Questrade, Billing Tree, HUB International, M&T Bank. For more information, please visit http://www.recombo.com/

Agreement Express is a registered trademark of Recombo Inc. All rights reserved.

For further information, contact:

Melanie Aizer
Tel: 604 699 3038
E-mail: maizer(at)recombo(dot)com

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