Formerly known as Global Research & Risk Solutions
20% efficiency gains for global alternative AM after streamlined DDQ response management
Background
- A global alternative asset manager (AM) was looking to streamline and improve the quarterly due diligence questionnaire (DDQ) response management for its clients
- The requirements included creating, updating and maintaining a repository of existing and new responses for future reference, content management, stakeholder outreach, compliance mandates and overcoming challenges caused by the usage of legacy tools
Our solution
Efficient and scalable response management
- Created a comprehensive and scalable repository for standardization and reusability of content
- Constructed a centralized database with search functionality and content reusability
- Managed storage, version control and easy retrieval of responses with relevant tagging
Ownership, communication and review
- Set up a team with domain expertise to deliver high-quality responses
- Owned the DDQ process end-to-end
- Incorporated SME inputs, where relevant
- Coordinated with adjacent teams/functions, reviewed and incorporated responses from them
AI-first output
- Drafted first-cut responses leveraging the client’s in-house AI platform
- Reviewed the output for quality and accuracy
- Provided feedback to train the system and improve the quality of responses (ongoing)
Impact
- Crisil took over end-to-end ownership of the DDQ process from other client vendor partners
- Process improvements and streamlining led to ~20% efficiency gains
- Enabled smooth migration from legacy tools to an AI-driven platform resulting in bandwidth gains
- Onshore team freed up to focus on value-added tasks and client engagement
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