96% less UCC filing review labor. Funding in hours.
How Milestone Bank uses Kolena's AI agents to review UCC filings in equipment financing, and turned a five-day funding cycle into a few hours.
“Kolena reduced our UCC filing review labor by 96% and cut funding turnaround time from five days to just a few hours.”
Where the five days went
The bottleneck
Every equipment deal carries a lease, a Schedule A equipment list, UCC filings and invoices. Before funds go out, someone has to check that they all agree. Done by hand, that review stretched funding to five days.
What changed
Kolena's AI agents read the filings and reconcile the Schedule A, the UCC filings and the invoices against each other. Each discrepancy is flagged and cited to the page it came from, so the operations team reviews exceptions instead of every line.
The result
UCC filing review labor fell 96%, and funding turnaround went from five days to a few hours. Borrowers get funded faster.
Every check comes back with its source
Kolena's AI agents compare the documents in each deal file and flag what doesn't match. Each answer links to the page it came from.
More from Milestone Bank
“It was very easy… Kolena ran through the questions and gave the suggestion for how the prompt should go.”
Teams running Kolena on their own documents
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