TSR software for banks and NBFCs
Every vendor promises a smarter, faster report. The only honest test is to read their output, not hear their pitch.
Most vendors promise the same thing. What actually separates them is whether the report arrives in your format, with a trail you can defend.
What to compare
Look at the report format the tool produces, the checks it actually runs, and whether each finding points to a source you can open. Then look at how a bank format is added when your lender changes its template.
The claims to ignore
Beware of the vendor that leads with a big accuracy percentage or a sweeping list of states. What matters is whether a specific finding on a specific page holds up when you open that page. That is not a number you can quote back.
The test to run
Give each candidate a real file from your panel and ask for the report in your lender’s format. If it comes back reformatted, or the findings are uncited, the software is not doing the job the report has to do.
Questions about formats
Ask how many lender-specific formats the vendor already holds and what happens for a lender it does not. LexRam holds 35 bank-specific report formats plus a generic template, builds a new format on request, and can also format reports to a firm’s or institution’s own layout, which it counts separately from the bank formats.
Questions about turnaround
Be wary of a fixed turnaround promise. How long a report takes depends on the case: the number and legibility of the documents, and whether a lawyer reviews it. Ask for a run on your own file instead of a headline number.
Want this done on your own files?
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