Cloud Portal Boosts Broker Efficiency by 75%

Owned by the Lakeba Group, the ezidox platform enables brokers to digitally capture, process and store documents.

It has now announced a number of enhancements to the cloud portal, which include:

White labelled application – Enabling companies to brand the app with “fully configurable style and domain”; Instant messaging – Providing instant connectivity with customers to answer queries, approve or reject documents and fast-track applications;
Optical character recognition –Providing data field obfuscation (e.g. tax file number redaction) and automated data extraction from documents (e.g. Driver’s License); and
Increased third-party integrations – Integration with third-party document providers such as BankStatements, Credit Sense and Mogo, as well as e-signature platforms such as DocuSign and eSignLive.
“What we’re seeing today is impactful and highly measurable efficiency gains as a result of the new functional layers built into ezidox,” said Geoff Kendall, CEO of Ezidox.

The CEO and founder of Lakeba Group, Giuseppe Porcelli, added: “The accelerated growth of Ezidox and the integration of blockchain for document validation provide powerful evidence of the strength of this solution, particularly so in the broker industry.”

Mr Kendall added that the software has contributed to “highly measurable efficiency gains”, highlighting that some brokers have been able to reduce document collection and processing by 75%.

Jason Puxty, owner and manager of Mortgage Choice in Dubbo, Orange, and Bathurst, claimed that his staff had previously spent eight hours a day on the document collection and indexing process, but this has now been reduced to two hours.

“Ezidox allows us to digitally automate the document collection and indexing process, greatly reducing the amount of time spent on this task,” Mr Puxty said.

“Of all the administrative support processes involved in preparing loans for customers, securing the supporting documents and managing the indexing of these, is the most time-consuming task for mortgage brokers, and this recent evolution of the Ezidox platform continues to deliver ongoing efficiency gains to our business.”

This article has been published in “The Adviser” by Charbel Kadib

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About Lakeba

Lakeba builds businesses that are optimised for high returns from low investment, at low risk when compared with the start-up sector. It utilises proprietary artificial intelligence (AI), decades of business and technology experience, and scalable shared services, to support each phase of business building. So far it has ‘conceived, created and commercialised’ 15 ventures, of which three have already been spun-out.

The unique Lakeba AI ‘neural network’ ‘conceives’ opportunities by continually interrogating the internet to establish patterns which suggest a business ‘need’ that could be solved digitally. Its entrepreneurs then double check this analysis and determine the viability of the business idea and its commercial potential.

To ‘create’ a venture, Lakeba works with partners, industry, and the wider innovations ecosystem to create digital technologies that eliminate the frictions identified by the neural network. A team of technologists, designers, and entrepreneurs build out the value proposition and establish the business. Lakeba invests its time, capabilities, capital and resources to craft ideas into reality.

‘Commercialise’ is the final stage of the Lakeba process. Once the digital proof of concept delivers on its promise, it is enhanced with radical intelligence. Working with partners, investors and the customers, Lakeba’s team refines and optimises the operations and distribution to rapidly commercialise the venture. This ensures the business continuously delivers value to customers as it scales and diversifies across industries and the globe.

Lakeba Group was founded by Giuseppe Porcelli, Entrepreneur and Visionary of Future Technology.