Spreading Automation – Ticklers & Alerts
A key component of monitoring changes in credit risk over time is the timely analysis of financial statement data. In Balenz Spreading Automation, a user can create ticklers to monitor the schedule of when financial statements are due. Financial statement ticklers include the following key components:
- Type of financial statement required (audited, company prepared, tax return, etc)
- Frequency (annual, quarterly, monthly, etc)
- Due Date
- Reminder (number of days before the Due Date when a reminder e-mail will be sent to not only to the client regarding the pending financial statement submission, but also to internal credit analysts and/or managers)
- Past Due Notices (two Past Due Notice e-mails can be sent a specified number of days after the Due Date to both the client and internal credit analysts and/or managers)
- Effective Dates (start and end dates for when financial statements are required)
The financial statement ticklers can also be monitored by the institution across the portfolio to quickly alert credit risk managers of not only pending and past due financial statements, but also financial statements that have been received but have not yet been spread. The financial statement tickler feature ensures that the Balenz Spreading Automation client is receiving and analyzing financial statements in a timely manner.