Key Client Objectives

After initially attempting to build an in-house system, client decided to seek a platform with the flexibility to handle its complex collateral servicing and reporting requirements; and one that was capable of handling significant volume.

Key Drivers: 

• Improvements to Sox compliance and internal controls
• Business process automation related to:
  – Reporting
  – Accounting
  – Asset selection

• The ability to scale as volumes continued to grow
• Data quality improvements

The Solution

ABS Suite addressed significant volume requirements and saved USD 3 million plus in build costs while adding massive operational efficiency

Support for significant collateral volume
‍Parallel processing improved speeds by more than 50%

‍Automation
Automated all the daily processes including data import, pool selection, and collateral servicing

Email notification
Keeps client apprised on the status of the daily processes

‍Enabled faster reconciliation and validation
‍Automation of configurable data checks

Data accuracy
Improved and automated data normalization and data replication saving time and reducing errors

Enhanced overall governance and controls
Operational infrastructure with audit logs, approvals and controls now satisfies stringent compliance requirements