Esteemed business awards showcase outstanding product innovation
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.