Applying enterprise data to investment management decisions

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23 June 2014
United States

A usage case.

Client Background: NewStar Financial Inc. is a Boston-based specialized commercial finance company that provides a range of senior secured debt financing options to mid-sized companies.

How Black Mountain Solved the Deal Management Challenge: “The robust reporting capabilities of Everest have made a huge difference for us. We have transparency and visibility of reporting that we simply didn’t have before. While our PMR quarterly report is done in the same way as before we got Everest, we save inordinate amounts of time when generating portfolio-wide reports because they are now automated. As a public company with published earnings releases, we use Everest to show portfolios by industry in real-time. Any day or any hour, we just push a button to generate a report in Everest and all of our data is up-to-date,” said Annie Fischer, Vice President. NewStar has also noticed a dramatic increase in data integrity. “Once a portfolio manager signs off on the data in his PMR, we no longer run the risk of the analyst making an error while doing data re-entry. We have more controls around the accuracy of our data. What took hours and hours to complete before Everest now takes very little time,” she said. Fischer also underscored the value of being able to easily search information on past deals and companies within designated parameters, and to isolate companies within any segment of the deal process, ie. prospect stage, approved stage, refinanced stage, etc.