The stress of month-end loan portfolio reporting is here !
It’s Wednesday 17th July. There are 11 business days left to month-end. 🤯
The pressure is on for middle-office, back-office and portfolio analysts responsible for reporting to portfolio managers, senior management and investors / LPs.
Excel sheets are being pulled together, checked for updates, for broken data-links, for broken formulae and macros, for missing data (manual inputs!?), etc.
Frantic emails and calls go out to borrowers for that missing property valuation update, for a covenant compliance certificate or to check that a payment was made.
Why does this still happen every month?!
Because lenders are set-up by entrepreneurs who focus on revenues. They build great sales teams who originate loans and hire credit analysts and portfolio managers to underwrite loans.
But managing the loan through its lifecycle usually remains an afterthought!
As middle and back-office teams struggle to keep up, FTEs are added. The teams look for tactical tech and data tools to ease their pain but the inefficiencies snowball.
One of the larger SME lenders we spoke to recently has 85% of their staff dealing with low admin work, notwithstanding £££ millions invested 💸💸💸 in an attempt to modernise / digitise their operations.
On the other side, credit investors expect to receive a PDF report on the loan portfolio that they have invested in. The lucky ones receive an excel/csv file. And their analysts run more spreadsheets or feed Tableau, R, Looker or another BI tool.
There is a better way!
Starting at the source, loan and borrower data can be created and captured at the source, stored centrally to enable permissioned, seamless and live access for all stakeholders.
Loans living on the kennek platform benefit from live data feeds on borrower, loan, payment, covenant and other crucial data.
All borrower – lender interactions and decisions happen via white-labelled portals, creating a full audit trail. All data is centralised and immediately accessible via embedded live analytics and automated reporting to any stakeholder, internal and external.
Full transparency, scalability and cost-efficiency. No more stress ! 😁
The back-office operations of a lender are not key to their IP, branding or positioning. They are however core to their scalability and growth.
Get in touch with kennek
Test our end-to-end lending operating system and see how we take the stress out of your monthly report cycle (and much more…) 👍🏼