Explore Crisil, a company of S&P GlobalFormerly known as Global Research & Risk Solutions
April 01, 2026
Case study
Case study
80% faster accuracy checks and 40% faster consistency checks in regulatory filing support for a private credit manager
April 01, 2026
Case study
Case study
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Background
- The BDC Finance division of a private markets manager required support in regulatory reporting and audit documentation. It primarily involved 10Q/10K reports required to be filed with SEC, within the stipulated period.
- The support requirement included mathematical accuracy check, consistency check and tie-out of financial statements, summary of investments, notes and MD&A sections of the annual/quarterly report.
Solution
- Activity scheduling: Back working prior to the marked filing day, divided workflows into precycle and reporting period activities.
- Review management: Easy-to-refer and comprehend comments placed in the platform specifying discrepancies noticed, enabling onshore team to review.
- Distribution and coordination: On receiving Finance packs, we undertake comprehensive accuracy check, consistency check and tie-out by distributing assigned responsibilities within the team.
- Process automation: Summary sheets for capturing false checks, highlight provision for inconsistencies resulted in considerable time saved.
- Quality control: Preparer and reviewer model followed to ensure accuracy in period referencing, linkages, footing references and calculated figures.
Impact
- 80% efficiency gain by automating summarization of math accuracy check
- 40% efficiency gain by automating consistency check process
- End-to-end support in enabling adherence to regulatory requirements
- Full length audit support covering confirmation process, regulatory filing related documentation, and risk controls
