Automating a Student Loan Application Process - EnterWorks_Process_Exchange_(EPX) - 10.6

EnterWorks EPX Process Modeling

Product type
Software
Portfolio
Verify
Product family
EnterWorks™ software
Product
EnterWorks™ software > EnterWorks™ Process Exchange (EPX)
Version
10.6
ft:locale
en-US
Product name
Precisely EnterWorks
ft:title
EnterWorks EPX Process Modeling
First publish date
2007
ft:lastEdition
2023-07-28
ft:lastPublication
2023-09-20T04:05:11.973000
L1_Product_Gateway
Verify
L2_Product_Segment
Data Quality
L3_Product_Brand
Precisely Enterworks
L4_Investment_Segment
Precisely Enterworks
L5_Product_Group
Precisely Enterworks
L6_Product_Name
Enterworks

A university might implement EPX to automate the student loan application process to avoid extraneous paperwork, speed up the application process, and reduce errors. This process would require interaction between university students, administrators, managers, and accounting.

  1. The student fills out paperwork for the application and mails it to the financial aid department at the university.

  2. The application is passed to administration, where the application is reviewed.

  3. The application is passed to a manager for approval.

  4. The application is passed to the accounting department, which either generates the appropriate check and mails it to the applicant, or documents the reason for denial and mails a letter to the applicant.

The process might look like this when implemented with EPX: