CASE STUDY Financial Services | United States
Large Financial Company Automates Claims Register Review
Client Need
A financial institution needed a fast and efficient way to determine whether a proof of claim (POC) had been filed on time. Additionally, after acquiring a portfolio of loans, they needed to verify whether a transfer of claim (TOC) had been filed for each account. Manually reviewing each case and claims register was time-consuming and inefficient, risking delays in compliance and operational bottlenecks.
Client Solutions
Leveraged AACER’s Premium Data solution to automate the identification and extraction of key data points from bankruptcy filings. The system lifted POC and TOC information for specific entity names, enabling the institution to quickly pinpoint missing filings and ensure TOCs were submitted across the entire portfolio.
Why Epiq
- Eliminated manual case-by-case review of claims registers.
- Enabled rapid identification of required POC and TOC filings .
- Streamlined compliance workflows and reduced operational risk.
- Delivered timely insights to support portfolio management decisions.
Results and Benefits
Reduced document review count from 1,299,712 to less than 2,000, achieving a 99.815% culling reduction.
Slashed document review costs from £250k to under £5k.
Completed the project on time and significantly under the initial budget.
Decreased follow-on litigation.