The Client
- The client is a UK-based financial sector specialist that invests opportunistically across consumer, real estate, SME and corporate debt.
- They have raised more than €2.6bn and invested in 11 European countries.
- The firm has made more than 80 primary investments and operates out of 7 European offices.
The Challenges
- Multi-class and language portfolio companies lead to inconsistent terminology and reporting formats.
- Third party loan servicers submissions on were difficult to reconcile with receipts and often required days of back-and-forth to resolve data issues each month.
- Manual data entry was both time consuming and prone to human error.
Solution Delivered
- Disparate data feeds defined and mapped to establish a robust, standard reporting process that was repeatable and error free.
- Tightened co-ordination with loan servicers to establish data templates and uniform accounting definitions.
- Automated load and data validation process to eliminate manual entry.
- Built bespoke dashboards for the entire portfolio on the cloud-based Minerva software.
Results & Benefits
- Analytics of newly structured data sets allowed for pricing sensitivity and credit risk segmentation of portfolio.
- Operational KPIs and model assumption could be easily monitored via Minerva which lead to informed and timely decision making.
- Monthly data reconciliation time reduced from 2+ days to less than 2 hours.
