Streamlining Credit Risk Management for Lenders & Borrowers
The SQL Power Data Collection and Analytics platform is the first of its kind in the world. It facilitates direct system-to-system information sharing between borrowers and lenders on a much broader scale.
Commercial Lenders can now collect high-quality financial data from their borrowers quicker, and in a standardized electronic format, ultimately accelerating financial analysis to understand sooner if a borrower is trending towards a catastrophic event.
Business Borrowers simply log in via the internet and submit business information or corporate financial filings via an intuitive submission form that has been rendered by the lender's standard taxonomy of predefined business rules. The submission is then validated in real time against these same business rules, certified, converted and stored in XBRL format for easy analysis and distribution at the lender site.
SQL Power's turnkey solution is battle-tested and has been designed to support most existing taxonomies (such as IFRS, FINREP, COREP, US GAAP and ISO20022). Being taxonomy-driven, it provides future protection to regulatory and banking organizations by enabling seamless policy-driven changes down the road.
Risk Management: Borrower to Lender
While the SEC and many Central Banks around the world have mandated the XBRL standard, until now the onus has typically been at the client side to shoulder the expense of insourcing an expensive XBRL build.
SQL Power has essentially reversed that model with it's XBRL Data Collection, Filing and Analytics solution. This web-based solution allows a borrower to log in, file their corporate financials on line, certify against an XBRL taxonomy in real-time and submit to the Lender via Straight Through "system to system" Processing (STP) for financial analysis.
Advantages of SQL Power XBRL Data Collection & Analytics
Schedule a Live Demo with SQL Power
If you'd like to learn more about SQL Power Solutions, contact us today to schedule a live demonstration.