Statements in Canopy are automatically generated once-per-cycle at the very end of the cycle for each account. They act as a snapshot of activity for the account from the start to the end of the cycle in which they occur. At the base-level, statements in Canopy are generated as JSON objects; however, they can very easily be transformed into relevant consumer-facing patterns such as PDFs or online views.
Once generated, statements can be detected via webhooks.
They are also then available to be queried from the account on an ongoing basis. The general design pattern to follow is:
- Get Statements List to access a list of historical statements for the account (newest first)
- Get Individual Statement to access a specific statement from the list.
As statement data is accessible in JSON, you can create a beautiful HTML statement view in your consumer portal. If you plan to use Canopy's Borrower Portal, this product already supports surfacing an index list and a detail view of each statement that's generated for an account.
Automatically generating custom-branded PDF statements by leveraging Canopy’s powerful webhooks and robust JSON formatted statement data. Learn more: PDF Statements Generation.
Once you've generated a PDF view of the statement as outlined above, you may want to mail it directly to borrowers. Canopy can connect directly with any API-based mail provider, and includes an out-of-the-box integration with Lob to make sending mail to borrowers for important events such as statement generation an easy, no-code process. Simply configure the rules under which PDF statements should be sent to borrowers, and Canopy will trigger communications automatically when handling the statement generation event.
Updated 3 months ago