Absolute Security

Risk Management

Workout Department

Commercial lenders today often use a decades old approach to collect, analyze and report periodic financial performance of their loan portfolio. Typically this process is managed manually and consists of expediting individual company financial statements that come in various formats including excel spreadsheets where they are re-formatted, keyed into disparate software, analyzed and filed for future reference. More sophisticated lenders re-key the data into home-grown systems or other analytic software used to report and store the data. The process is well known to be laborious, inefficient, prone to error and costly. Moreover, inconsistent and infrequent data management provides backward-looking, one moment-in-time analysis that fails to provide insight into future performance and does little to mitigate risk. ClearFinancials® replaces this entire process with one that is managed systematically and with greater frequency to provide insight into risk based upon the movement and direction of important ratios, metrics and covenants as opposed to static measures that represent one historic moment in time. ClearMomentum provides a comprehensive solution that frees up valuable resources that enable the lender to focus efforts on relationship management versus data management.

ClearFinancials® is the GOLD STANDARD solution to manage loan portfolio company performance data in a timely manner. Commercial lenders that need to collect, analyze, report and store portfolio company performance data can rely on ClearFinancials® to improve insight and reduce risk. ClearMomentum provides a turn-key solution that vastly improves this process from the perspectives of efficiency, accuracy, timeliness, reliability and cost.

• Efficiency

  ClearFinancials® provides effortless access to detailed financial performance, financial statements or account data for auditing purposes. ClearFinancials® increases transparency and visibility, providing more time to react and respond to potential defaults.




• Increase Loan Approval Process Speed

  ClearFinancials® streamlines the due diligence process on the front end of the loan approval process, enabling the credit manager to make better decisions faster.




• Improve Covenant Management

  ClearFinancials® improves loan covenant management with the ability to track, trend and monitor covenant performance in a manner that is automated and efficient.




• Threshold Alerts

  ClearFinancials® keeps you abreast of every loan in your portfolio with a systematic alerting system that provides you with notification when covenant performance crosses specific thresholds.

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