Key Benefits
There are many recognised benefits from automating the end-to-end process of the production of loan documents and these benefits apply to a wide range of potential users, whether banks or law firms, smaller or larger organisations and across sectors and geographies.
LMA.Automate has been designed specifically to capture these benefits.
Improved Efficiency
- Significantly reduces the time taken to generate all forms of loan documentation
- Improves quality, productivity & reduces errors by automating repetitive work
- Greatly assists in eliminating inaccurate & non-compliant content and promoting best practice
- Benefit of widespread standardisation & template version control
- Collaborative working – deal teams access one version
- Centralised updating of templates/changes (e.g. LIBOR transition)
Enhanced Capability
- Facilitates the production of loan facility documentation (including security documentation) but also 'bank prepared' documents
- Term Sheets & Mandate Letters
- Confidentiality Undertakings (whether for trading or otherwise)
- System fully adapted to accommodate bespoke 'house style' requirements & documentation
- Potential for cost savings from use of automation
- Potential origination benefit in negotiating term sheet/mandate docs (potential to allow client access to LMA.Automate)
Secure Control
- Secure environment with user access/permissions strictly controlled
- Control hierarchy can be defined
- Separate dedicated area for each institution on the site
- Ring-fenced, restricted access for confidential transactions
- Standardisation & template approval/version control
- Potential compliance benefit
Intuitive User Experience
- User-friendly & fully intuitive tool
- Comprehensive suite of training materials; easy to learn & adapt; no programming knowledge required
- Quick progression to creating 'bespoke' additional automation capability & content
- Platform for enhanced collaboration across teams internally
- Potential for collaboration with peers/clients & for negotiation/e-signing
- Flexible technology
Data Analytics
- Technology to support the loan market will increasingly be data driven
- LMA.Automate will allow inputs to be captured as structured data allowing comprehensive analytics & data reporting
- Inventory of key terms & templates on the platform
- Real-time analysis on terms (e.g. financial covenants)
- Significant enhancement to future change processes (e.g. regulatory changes impacting templates)
- Potential future benefits from structured data (internal purposes/development of tools/AI)
