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Global(en) Germany(de)
solution

Self Service for Paycheck Protection Program

Automate your SBA PPP application process to reduce cycle time by 60%

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  3. Self Service for Paycheck Protection Program
Banking and Financial Services

Banks and financial institutions are seeing an increase in demand for their offerings and a surge in customer call volume during this time of change in the economic landscape. Small businesses constitute a major driving force in the U.S. economy, with about 30.2 million small businesses employing close to 59 million people, comprising 99.9% of all United States businesses1. There is an urgent need to get small businesses the desired assistance to keep their payrolls running. As of April 7, 2020, the Small Business Administration (SBA) has recorded over 220,000 loans totaling approximately $66 billion2.

To help banks address the demand, Virtusa has built a multi-part framework that combines business process and technology across payment assistance, deferred loan assistance, fee suppression, SBA PPP processing and foreclosure/repossession. This enables banks to divert calls away from their customer service centers and manage customer engagement and product servicing in the most efficient way.

Virtusa Self Service for Paycheck Protection Program can be deployed within 2 days.

This is how Virtusa can help
This is how Virtusa can help
  • Apply social distancing measures: Trained Virtusa resources with fully equipped work from home facilities – High-speed internet and phone connectivity
  • Manage surge in call volumes: Rapidly reduce call center volumes by diverting traffic to selfservice portal
  • Service the increase in loan demand: Business operations team to effectively manage the SBA
  • PPP program through application processing, onboarding and servicing
  • Reduce off-shore dependency: U.S based operation teams

Contact us today

Launch and deploy within 2 days.

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Related content
  • Services

    Consulting & Design

    • SAP Services
    • User Experience & Interface Design
    • Unternehmensberatung
    • IT-Strategie & Infrastruktur
    • Accelerated Solution Design
    • Operative Prozessgestaltung
    • Org Change Management

    Digital Engineering

    • KI & Machine Learning
    • Analysen, Einblicke, Daten
    • Application Platform Engineering
    • Content & Customer Experience
    • Digitale Prozessautomatisierung
    • Enterprise Applications
    • Industrial IoT
    • xLabs: Innovation Hub

    Cloud Transformation

    • Cloud Native Engineering
    • Cloud Migration Services
    • Cloud Operate
    • Cloud SaaS
    • Cloud Data & Analytics
    • Cloud Security

    Managed Services

    • Application Support & Management
    • Infrastructure Management Services
    • Intelligent Engineering Automation
    • Knowledge Process Outsourcing
  • Industrien

    • Bank & Finanzdienstleistungen
    • Kommunikation
    • Gesundheistwesen
    • Life Sciences
    • Informationsservices
    • Versicherung
    • Unabhängige Software-Anbieter
    • Fertigung
    • Medien & Unterhaltung
    • Transport und Logistik
    • Travel & Hospitality

    Virtusa wurde als Visionary im Gartner Magic Quadrant 2020 ausgezeichnet

    für weltweite IT-Services für Anbieter von Kommunikationsdiensten.

    Erfahren Sie mehr
  • Über uns

    Wer wir sind

    • Über Virtusa
    • Leadership
    • Corporate citizenship
    • Auszeichnungen
    • Investor informationen

    Standorte

    • Americas
    • APAC
    • EMEA

    Unser Ansatz

    • Digital Transformation Studio
    • Transformation Accelerators

    Unsere Partnerschaften

    • Adobe
    • AWS
    • Google
    • Pega
    • Salesforce
    • Alle Partner

    Newsroom

    • Pressemitteilungen
    • Events
    • Media coverage
    • Video hub

    Unsere Perspektiven

    • Artikel
    • White papers
    • Webinare
    • Weitere Perspektiven

    Digital Transformation Studio (DTS)

    Prioritizing Digital Transformation Innovation

    Erfahren Sie mehr
  • Karriere
  • Kontakt Kontakt
  • Popular Searches
    • What are your healthcare solutions?
    • COVID response
    • Success Stories
    • Where are your office locations?
    • Careers

    Nützliche Links

    • Kontaktformular
    • Karriere
    • Investoren
    • News & Events

    Crisis Management Services

    The services and expertise you need,now more than ever.

    Learn More
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