Encompass Pros and Cons

Encompass is proficient at the stage of data collection in KYC processes. I also find that it quickly collects information from different places, which would otherwise consume much of my time. The platform is easy to use and interpret, even for those who are not very familiar with such interfaces. Review collected by and hosted on G2.com.

It takes a lot of time to create various reports for different KYC databases to get an overall picture of a specific client. For instance, think about reconstructing a customer’s financial profile using reports on their bank statements, credit scores, and sanctions lists. Review collected by and hosted on G2.com.

Encompass is good at ensuring that all related information to loans is well stored in a single location. The disclosure tracking feature is also highly beneficial as it helps me to follow all the current regulations. Review collected by and hosted on G2.com.

The weakness I see for myself is the inability to collaborate on the project in real time. In cases where there are two or more loan officers dealing with the same file, there are likely to be holdups and delays. Review collected by and hosted on G2.com.

Encompass is an all in one resource for overseeing credit applications. Having all the borrower data, archives, and correspondence strings in a single spot smoothes out the cycle. Review collected by and hosted on G2.com.

The downside for me is the absence of continuous coordinated effort. On the off chance that numerous credit officials are dealing with a document at the same time, it can prompt disarray and even information irregularities. Review collected by and hosted on G2.com.

The thing I like most about Emcompass is that it streamlines the process of checking and regulating KYC data. Review collected by and hosted on G2.com.

The least helpful thing about Encompass is that at first it was confusing, but once you get the ball rolling its great. Review collected by and hosted on G2.com.