Negotiations (CSA/ISDA, Tax, Client Outreach, IBOR, Pricing supplements, …) are still highly manual and time-consuming processes, requiring various resources across many departments within the banks. Our clients want to have standardized interfaces to core internal and external hubs and third party providers yet at the same time internally model their processes and approval procedures in the most flexible manner possible.
Our state of the art solution greatly streamlines the entire negotiation lifecycle through automating required processes and document generation while meeting organisational-specific needs. Combining our out of the box documents together with our powerful workflow automation tool enables you to increase customer satisfaction and time to market alongside hugely reducing the total cost of ownership and operational risks.
Our Solution
Our Benefits
We have implemented a workflow and implemented following features to ensure a well thought through negotiation process.
Automated actions
Automated transitions based on predefined rules ensure properly approved values while reminder ensure negotiations do not get stuck.
Document generation
Automated generation of current CSA draft & execution copy. Additional document implemented in order to support stakeholders (Termsheet).
Control review
Ensure approval „gates“ where only specific users/groups can forward a negotiation after approval.
Interfaces
Creation of JSON/XML output files in order to be consumed by downstream systems.
Your Benefits
Reduced operational risk & burden
Consistent & appropriate client outreach
Significant time savings
Legal data "golden source"
Use Cases
CSA Negotiations
KYC Outreach
IBOR Transition
Legal Document Negotiation
TAX Document Validation