How to Comply with Dodd Frank Challenges

With July and October deadlines approaching, investment banking professionals are thinking about what you'll have to do in order to comply with Dodd Frank regulations.  Legal, documentation, risk management, credit and collateral professionals all face challenges managing risk and streamlining processes. You need to respond quickly to market events and have in place consistent risk management procedures. Exari helps you meet these challenges by:

• Generating ISDA Master Agreements quickly 
• Capturing data from legacy agreements 
• Automating the amendment process 
• Increasing visibility across your entire portfolio 
• Improving compliance 

Exari's Derivatives Software is used by top investment banks to improve visibility into key terms within existing agreements. And, document automation streamlines the generation of high quality documentation including:

• ISDA Master Agreements and Credit Support Annexes (CSA) 
• Global Master Repurchase Agreements (GMRAs)
• Global Master Securities Lending Agreements (GMSLAs) 
• Sign-off sheets 
• International FX and Currency Option Master Agreements (IFXCOs)
• Prospectuses, Term Sheets and Final Terms for Structured Products 
• Trade Confirmations. 

If you're an investment banker and want to reduce the risk in your documents or produce them faster, and need to increase compliance, contact us today and we'll show you how.

Document Automation Q&A

The audience at a recent Exari webinar entitled, "Introduction to Document and Contract Automation," asked lots of great questions.  We are sharing some of them with you here, along with the answers, because we realize that you may have the same questions yourself.

Q: Are changes by users to the documents audited? How is this represented?

 A: There is an audit trail on all templates, so you know when the templates were changed and by whom. This is tracked via new versions of each template, and authorized users can go back to view previous versions. There is also an audit trail on transactional documents created and saved in the contract management system,  with details of who saved each version and when.

Q:  How do you handle negotiation with an external counterparty?

A:  Typically our customers prefer to exchange Word documents when negotiating with external counterparties. Exari can output Word documents and versions of those documents can be stored in the central Contract Management  repository. Exari also has a feature called Round Tripping where negotiated documents are compared to the document you last sent out, and a true redline of the document is presented to the user, making it clear which clauses were edited during negotiations. Round tripping works whether or not the user has turned on "track changes" in Word.  This makes it easy to flag when specific high risk clauses were changed, and also makes it easy to synchronize the final set of contract data used for reporting.

Q: How does the repository portion of the application handle contracts that are not created through the wizard (i.e. 3rd party paper or legacy contracts)?

 A: Other people's paper can be uploaded, with the metadeta, to the contract repository and shared in a central place. Many customers will also perform a human review using the Exari wizard to capture key data points from the contract. This approach streamlines the ""playbook"" approach to negotiation, prompting the user on specific issues based on their answers, and presenting them with a list of useful clauses to negotiate into the document.

Q:  Can  answers to the interview questions be exported so they can be read by other systems?

A:  Yes.  You can integrate both the document assembly and contract management solutions with any other in-house systems you have, such as CRM, ERP, CMS, database, billing, business intelligence system, etc.  You can integrate both upstream and downstream, enabling you to pull information into an interview or push answers out.

If you have  other questions about document assembly or contract management, you can ask us here.

Document Assembly and Contract Management Explained

In an effort to "demystify" document assembly and contract management, we recently hosted a webinar outlining some basic concepts. You can view a recording here.

Among the topics we covered during the first part of the presentation were, the:

* Best types of documents to automate
* 8 Steps in the Contract Lifecycle
* Process of implementing a solution
* Benefits of integrated contract automation

The second part of the one hour webinar consisted of a demonstration of Exari's Document Assembly and Contract Management solutions, and a Q&A with the very engaged audience.

We ended up running out of time, but answered the remaining questions via email. If you have questions after viewing the recording, please send them to contact@exari.com.

Lloyd’s lists Exari as Technology Vendor

We are pleased to announce that Lloyd’s, the world’s specialist insurance market (formerly known as Lloyd’s of London), has included Exari as a technology vendor in its new Tools and Resources Guide. The Resources can be found on the Lloyd’s website under “The Market” section. You can see Exari’s listing here.

Exari's insurance document creation solution gives underwriters and brokers a fast and agile way to create and compare quotes, accelerate the placement cycle, produce complex policies and wordings, automate endorsements and renewals, and streamline product configuration. All of the data captured during the document creation process is available for reporting and analysis.

Novarica’s Matthew Josefowicz is quoted in the cover story of last month’s Best Review as saying, ”A few trends will begin to have a big impact on the industry, he added. “The most important one is being able to leverage the massive proliferation of data in order to streamline underwriting and claims adjusting.”

Exari automatically captures data from the document during the assembly process, ensuring that every piece of critical data, and the context of that data, is extracted as insurance documents are created. Exari’s rule driven document assembly engine can create triggers from the same data that is used to create the document.

If you’d like to see how Exari can streamline your insurance document processes, request a demo.

Introduction to Document Assembly and Contract Management [Webinar]

Will implementing a contract management solution improve your bottom line? Does document assembly software speed up your time to contract? Which solution is most cost effective for your document types?

At Exari, we understand that researching and choosing a document automation solution can be a time-consuming process with lots of questions. To make the process easier for you, we invite you to attend our upcoming webinar which will provide an overview of document and contract automation. Update: The webinar took place on April 12. You can register here to view the recording.

Title: Introduction to Document and Contract Automation
Date: April 12th, 2012
Time: 11AM to 12PM EST

In addition to an overview and demo of Exari’s Document Assembly and Contract Management products, this educational one-hour webinar will highlight some customer use cases and provide insight into the:

• Best types of documents to automate
• 8 Steps in the Contract Lifecycle
• Process of implementing a solution
• Benefits of integrated contract automation

The webinar will be followed by an interactive Q&A session and will be recorded. All registrants will receive a copy of the recording to view at their convenience. You can register here to view the recording.