Financial Spreading Process - Audit Trail

Balenz Spreading Automation maintains an audit trail of when a financial statement was spread. When a financial statement is submitted to Balenz Spreading Automation, it is date and time stamped as being received and is flagged as submitted. Managers can not only review the entire portfolio to identify financial statements that have been submitted but not yet spread, but they can also see how long a financial statement has been in the queue. When a financial statement is spread by a credit analyst, another date and time stamp is put on the record as well as the name of the analyst. Finally, if a financial spread is changed after it has been initially entered by Balenz Spreading Automation, yet another date and time stamp is put on the record, including the name of the user that made the change.

In addition to the audit trail related to when a financial statement was spread, Balenz Spreading Automation also maintains an audit trail of how the financial statement mapping was created and used during the automated spreading process. This audit trail allows managers to review how the financial statement data was entered into the spreading software. This audit trail can also be used as a training tool for new credit analysts. By reviewing the audit trail, new credit analysts can learn how experienced credit analysts spread financial statements.