As firms seek to broaden their business and increase the speed at which business is conducted they are confronted with multiple pain points like:
- Multiple documents required for internal record keeping and regulatory compliance e.g. internal and external business partner information, official statements, boiler-plate information, disclosures, spreadsheet templates used for accrual/expense management, expense claims etc.,
- Delays in discovery of missing documentation, reviews etc due to lack of information centric approach to managing business
- Lack of standardization due to the random (reactive and uncontrolled) evolution of business processes and related workflows
- Little or no cross-office collaboration
- Multiple applications with little or no interoperability servicing many of the same duplicate processes using the same information.
Mindedge Solutions specializes in working alongside businesses to solve problems endemic to their industry. We created the iMPACT (Information Management Platform to Automate, Collaborate and Transact) framework to specifically address the issues of process and data diversification. iMPACT centralizes workflows and information across offices and users. It improves accuracy, productivity, organization wide collaboration, and monitoring of business processes from inception to the point of closing. This enables real time transaction visibility and improves predictability in addition to reducing costs.
Salient features provided by the framework include:
- User Hierarchy Based Dashboards
- Current and Forward Calendars
- Transaction Reports
- Expense Management
- Partner Management Sub CRM
- Centralized Document Repository
- Auditability and Accountability
Some examples of business applications that can be powered by the iMPACT solution framework include:
- Business Process Management platform for debt underwriting and advisory business including functions around RFP Management, Pipeline Management, Deal Management, Transaction Reporting and Regulatory Compliance
- Work management platform for syndicated loan processing including Due Diligence, Partner Management, Document Management for Regulatory Compliance, Transactional Information Management and Report Generation / Synopsis
- Work management platform for end-to-end loan servicing including Client Information Management, Document Management for all servicing tasks and compliance, and Information Management for Analytics and Reporting.