At Finley, we’re constantly enhancing our platform to ensure our customers have the tools they need to manage their financial workflows with ease and precision.
This month, we’re excited to introduce several key updates: an upgraded Funding Request Workflow, a new Transactions Portal, and a Pinned Comments feature to streamline communication. These enhancements are designed to provide greater flexibility, control, and insight, making it easier for users to navigate their borrowing needs and manage their financial data.
Finley’s upgraded Funding Request workflow
Finley’s Funding Request flow has been significantly enhanced to offer users more flexibility and real-time insights when making funding decisions. Here’s a look at what’s new.
Real-time Borrowing Base insights
With the new Funding Request flow, users can now access a comprehensive breakdown of their Borrowing Base when determining funding amounts. This feature provides a clearer view of real-time commitments, Borrowing Base, and resulting Availability.
Multi-class Funding Requests
Finley now allows users to submit customized Funding Requests by class, offering a more strategic approach to managing your borrowing needs.
Updated Workflow Features:
- Borrowing Base Availability: Before submitting a funding request, easily view your maximum available amount based on your commitment and Borrowing Base, accounting for any pending draw or recycle requests. At any time, you can view a detailed breakdown of your Borrowing Base based on your latest receivables and cash.
- Easy-to-create and customizable Funding Requests: Build requests based on your borrowing base availability and request specific amounts by class for any multi-class facility, with visibility into benchmark rates and margins for each class. Finley’s dynamic guardrails reflect real-time availability per class, updating them in response to funding request amounts for the other classes within a facility.
These updates make it easier for users to strategize and optimize their funding requests while maintaining full visibility over their Borrowing Base and borrowing options.
Introducing the Transactions Portal
The upcoming Transactions Portal is a robust new tool that replaces the current Statements and Expenses view. The Transactions Portal allows our users to seamlessly track and manage their interest and fees accruing across their facilities. Users can now easily track accruals through a double accounting entry ledger and make adjustments as needed to ensure every cent is accounted for.
Key features of the new Transactions Portal include:
- Daily Accrual Tracking. Keep a close eye on how interest and fees accrue each day, with the option to apply filters and view detailed breakdowns aggregated by counterparty.
- Monthly statements. Easily review monthly summaries for accrued interest and fees and associated payments for any prior months. Users can click into any historical month to easily review any prior adjustments and comments, as well as a breakdown of daily accrued values.
- Enhanced adjustments. Users can make real-time adjustments to any accruing interest and fees, ensuring accuracy and alignment with actual fund movements. This increased control helps users stay on top of their financial data and make necessary corrections as needed, with a clear event log of adjustments and comments to maintain a clear audit log of past activity.
New Feature: Pinned Comments for easier tracking
Communication just got simpler with the addition of Pinned Comments. This new feature allows users to pin important comments related to any deliverable, making it easier to track key internal and external discussions. Users can now access all pinned comments in a dedicated view, ensuring nothing gets overlooked. When no longer relevant, comments can be resolved to keep workflows clean and organized. Streamline workflows across your team by viewing comments aggregated across your entire portfolio.
Learn more
Finley is committed to helping private credit borrowers and asset managers streamline and monitor asset-backed loans. From tracking covenants and deliverables to assembling funding requests and analyzing asset performance, our software provides peace of mind in debt capital management. For more information, check out our Product page.
If you want to learn more about how Finley can help streamline your debt capital raise and management, schedule a demo today. We'd love to chat!
