PAYFOR provides banking and financial institutions the ability to independently document traceability, calculations, verification, and validation of “forgiveness” calculations claimed by borrowers vs. uploaded documents. `

Benefits of PAYFOR:

• Provides the dual solution of forgiveness application preparation and validation in one product, providing savings for both borrower and lender.   
• Automated solution yields a significant reduction in process costs and staffing or outsourcing costs
• Significant reduction in errors and omissions; Consistent and objective approach that can be followed irrespective of the reviewer
• Fully documented audit register and reporting

DESIGNED FOR BANKS AND CREDIT UNIONS

PAYFOR is specifically designed for BANKS and CREDIT UNIONS to save time and money in the verification process while providing a detailed audit register for compliance. The key aspect is that we source the data for the form and make it easily verifiable – a big win for both you as the lender and for your small business client.

PAYFOR is created in partnership with FIRM Advisors.

Combining a full-service digital transformation company with a multi-disciplinary financial services advisory firm allows us to provide cutting edge automated solutions tailored to the banking industry, improving functional efficiency while simultaneously reducing risk.