FCCS News & Insights

Wolters Kluwer Speeds Portfolio Reporting

Portfolio management relies on accurate data about the underlying collateral, but gathering customer- and loan-level details for annual renewals or periodic portfolio review was time-consuming and open to error during a primarily manual process.

Those days are over: the new Borrower Analytics reporting solution from Passkey Partner Wolters Kluwer automates portfolio reporting, dramatically reducing the time demand and increasing accuracy and confidence in the information being pulled.

“It used to require hours or even days for staff to manually search the database, and then copy and paste the relevant data into a spreadsheet that could then be analyzed,” says Mary Beth Sommer with Wolters Kluwer. “Borrower Analytics cuts that time to a fraction, delivering a summary report with reliable data and leaving staff free to do more meaningful work.”

Developed in conjunction with a Farm Credit Association partner, Wolters Kluwer’s new tool captures key UCC data points based on your search parameters, delivering a comprehensive report summarizing the organization’s portfolio health.

The standard report developed with Farm Credit in mind – Borrower Analytics is also in use by commercial banks – can be customized during implementation. The Wolters Kluwer reporting tool can integrate with any enterprise platform, with implementation taking six to eight months.

“Working closely with Farm Credit has given us an understanding of how the System works, your cooperative structure and what reporting requirements are likely to be,” says Mary Beth. “Any Farm Credit organization that does heavy portfolio reporting, regardless of asset size, could benefit from the efficiency and accuracy of Borrower Analytics.”

For more information about Borrower Analytics or other solutions, including the Portfolio Risk Assessment tool, contact Mary Beth Sommer at 312-952-2340 or via email. In addition to being a long-time partner of the Passkey national discount program, Wolters Kluwer is a proud sponsor of the FCCS Risk 360 Conference.