Versana Launches New Reconciliation Module, Advancing the Digital Transformation of the Corporate Loan Market Versana Launches New Reconciliation Module, Advancing the Digital Transformation of the Corporate Loan Market PR Newswire NEW YORK, Jan. 14, 2025 Agents and Lenders Benefit from Significant Operational Efficiencies and Scalability NEW YORK, Jan. 14, 2025 /PRNewswire/ — Versana today announced the launch of its leading-edge reconciliation solution, an add-on module to its centralized digital data platform. This major advancement leverages the power of the company’s growing pool of corporate loan data by electronically matching lenders’ positions to agents’ golden-source data at any point in time. This game-changing tool optimizes workflows and reduces data inconsistencies and costs. The $8 trillion corporate loan market still relies heavily on legacy communication methods and text conversion technologies, resulting in material timing differences in transaction data across lenders and service providers. Further, the majority of cash flow mismatches from agents to lenders result from position discrepancies. The Versana Reconciliation Module (VRM) solves this longtime challenge by providing quick identification and resolution of position breaks against agents’ records. Moreover, a unique benefit includes the display of each digital transaction notice causing such differences, greatly improving transparency and accuracy to facilitate […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
