#United States #San Francisco #Asset-Based Lending #Finley Technologies #Monthly Servicer Reporting

Finley Technologies Unveils Enhanced Reporting Tools

Finley Technologies, a prominent name in debt capital software solutions, has recently rolled out its upgraded Monthly Servicer Reporting (MSR) capabilities. This launch is set to address the challenges that corporate borrowers, especially those managing warehouse facilities, encounter regarding asset-based lending transactions.

The Growing Private Credit Market

The momentum in the private credit market has been significant, with growth reported tenfold over the last 15 years. Experts project that the market will soar to approximately $3.5 trillion by 2028. Within this sector, MSRs hold a vital position, serving as key documents that facilitate communication between lenders and borrowers. Unfortunately, the process of generating and managing these reports has been riddled with errors and complexities. Companies require precise data aggregation from various sources, intricate calculations as outlined in credit agreements, and comprehensive reviews, which has often proved troublesome.

Finley’s Vision

Jeremy Tsui, CEO of Finley, emphasizes that the development of new MSR tools is a direct result of extensive collaboration with finance teams over the past four years. Tsui stated, "Our new MSR capabilities encompass everything we've learned into a cohesive product. Now, capital markets and finance teams can enjoy modern collaboration and analytics tools that other departments, like Sales and Engineering, have commonly utilized."

Addressing Coordination Hurdles

Finley's enhanced MSR features are integrated into the Deliverables module, which serves as a central hub for all MSR-related activities. Key features of this module include:

• - Clear Deadline Visibility: Borrowers can easily access reports on due submissions and review historical data, ensuring that they are always well-informed about their MSR requirements.
• - Structured Requirements: Each MSR typically necessitates multiple input files with specific formatting. Finley simplifies this by clearly outlining the requirements, regardless of whether the files are generated automatically or entered manually.
• - Collaboration and Analysis Hub: After submission, users can monitor all MSR-related data, team communications, historical documents, and relevant analytics within the Deliverables module, shifting management from email platforms to a dedicated system.

Simplifying Data Management

Finley has taken significant steps to streamline data aggregation, ensuring proper file formatting and management:

• - Guided File Generation: The platform offers detailed breakdowns of necessary files and their formatting specifications, including a "data dictionary" for context, particularly beneficial when Finance teams collaborate with Data or Engineering teams for historical reports.
• - Enhanced Collaboration Tools: Recognizing the inevitable occurrence of errors, Finley integrates robust collaboration features and versioning capabilities to track file changes and review prior submissions.

Benefits of Streamlined MSR Processes

With these improvements, Finley ensures that both lenders and borrowers experience reduced operational burdens and enhanced workflow:

• - Time and Risk Reduction: By automating data collection and report generation, the platform reduces the manual labor involved, saving teams numerous hours every month and minimizing delays during cross-team coordination.
• - Actionable Insights: All data collected is securely stored within the software’s data lake, enabling users to perform in-app aggregation, querying, and visualization, which enhances decision-making compared to traditional email-based workflows.
• - Building Trust and Strategic Focus: The accurate and transparent reporting capabilities foster stronger trust between stakeholders, allowing finance professionals to move beyond daily operations and concentrate on capital allocation, risk management, and portfolio optimization.

About Finley Technologies

Finley stands at the forefront of credit management solutions for banks, asset managers, and corporate borrowers. The company leverages automation to simplify critical credit workflows and ensure compliance with credit agreements, proving indispensable in managing corporate loans across various sectors. Finley’s client portfolio includes notable names such as Valley Bank and Ramp, with investment backing from esteemed venture capital firms.

For more information and updates on Finley Technologies, visit their website.