Abrigo ALLL vs. FinnOne Neo

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Abrigo ALLL
Score 9.0 out of 10
Mid-Size Companies (51-1,000 employees)
Abrigo ALLL (formerly Sageworks ALLL) is a solution for loan allowance and lease loss calculation and is targeted for banks and credit unions. It is designed to help streamline the reserve calculation while providing a consistent analysis that is defensible to auditors, examiners & the board. According to the vendor, this solution enables users to do the following: Spend 80% less time on the ALLL Reduce manual errors & examiner…N/A
FinnOne Neo
Score 6.1 out of 10
N/A
FinnOne Neo is an automated, workflow-based and technologically advanced lending solution that provides loan lifecycle management capabilities, available on-premise or from the cloud. It enables customers to digitize and automate their processes, launch tailored products, and offer services across multiple channels. FinnOne Neo helps digitize the complete loan lifecycle end to end, from initial contact with customers and helping make better credit decisions faster to loan servicing and…N/A
Pricing
Abrigo ALLLFinnOne Neo
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Abrigo ALLLFinnOne Neo
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeRequiredNo setup fee
Additional Details
More Pricing Information
Community Pulse
Abrigo ALLLFinnOne Neo
User Ratings
Abrigo ALLLFinnOne Neo
Likelihood to Recommend
-
(0 ratings)
8.2
(0 ratings)
User Testimonials
Abrigo ALLLFinnOne Neo
Likelihood to Recommend
No answers on this topic
FinnOne Neo Cloud is well suited for medium and small banks where budget is also medium and deployment is on cloud and not hybrid or on-premise which gets me to information security issues and takes loads of time in deployment. It's very well suited to be used in use cases like lending process automation in a bank or NBFC.
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Pros
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  • Cloud management
  • Tracking of data
  • Ease of use
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Cons
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  • Different Geographies support.
  • RPA and OCR capabilities.
  • Process mining capabilities.
  • Ott channels support seamlessly.
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Alternatives Considered
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FinnOne [Neo Cloud] is at a lower cost. it provides better efficiency and an improved workflow. It saves time and storage with its paperless function. It helps with organizing and managing customer data. Provides superb loan making decisions. It is easy to use and implement in an organization. Overall it makes things work smoothly.
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Return on Investment
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  • Our budget department has been reduced because of our licensing fee for FinnOne.
  • Our ROI has increased dramatically because it had opened doors to more opportunities out there that could not have been done previously without a cloud-based platform.
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ScreenShots

Abrigo ALLL Screenshots

Screenshot of Flexible model and segmentation to fit the bank's methodologyScreenshot of Comprehensive reporting for examiners, auditors