Client was looking to add efficiency, control and automation to its largely manual securitization reporting, cash and accounting processes and presented with the following major requirements:
Automated investor reporting process
All calculation logic configured in the platform resulting in automated production of reports and cash settlements and more confidence in the accuracy of results
Created fully automated process for monthly accounting close
All journal entries fully automated including direct feed to general ledger system
Replaced manual processes for bank wire instructions with business process automation
All payment instructions fully automated with email notifications, approvals and task assignments
Enabled faster reconciliation and validation
Configured a library of automated supporting reports to facilitate daily/monthly reconciliation process
Manual inputs replaced by automation
Established automated processes for automating the majority of information saving time and reducing errors
Enhanced overall governance and controls
Operational infrastructure with audit logs, approvals and controls now satisfies stringent compliance requirements
ABS Suite Plus is the industry leading solution for end to end structured finance administration, accounting, funding optimization and analytics. The Administration Module tackles control, automation and secure operational processes while Capital Markets Module is built for optimized funding decisions, analytics and ad-hoc analyses.
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