Feature Overview
Robust Features. End-to-End Functionality
CRM & Deal Management
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CRM & Deal Management
- Automated request tracking and document management
- Custom Deal Stages & Automated Deal Pipeline: Organizations can define up to 8 custom deal stages and related logic during the onboarding process. Deal Stage functionality enables automated tracking of the deal funnel. Deal Stage analytics track conversion KPIs that enable automated notifications and help identify bottle necks in the funnel.
- User Assignment: Deals can be assigned to individual business development reps, underwriters, or other internal users.
- Integrated Status Notes: Users can enter status notes in individual Deal records, enabling users to centrally track Deal updates while avoiding tedious email chains. Automated notifications are sent to associated users whenever a status update is added.
- Term-Sheet: Axis enables users to automate term sheet creation. Users enter proposed terms in the Deal record, and Axis automatically generates the completed term sheet on the organization’s form.
Loan Structures
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Loan Structures
- Fully or Partially Amortizing
- Interest Only with Balloon
- Revolving
- Borrowing Base
- Interest Rate Structures
- Current and PIK Interest: Axis provides independent functionality for Current and PIK interest, and for simple and compounding interest.
- Asset Backed Lending
Servicing
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Servicing
- Automated Payment Calculation and Tracking: Axis automatically calculates amortization schedules and accrued interest due based on user inputs at the loan level. Received principal and interest payments are recorded and related to the loan record, enabling dynamic automated tracking of loan balances and past-due payments. Received payment data can be automated through custom bank integration or uploaded through a standard template.
- Reporting: Automated real-time reporting of total accrued interest, total paid interest, total interest due, total principal funded, total principal paid, and outstanding principal balance as of the current date or as of a user chosen date. Users can also dynamically create custom ad-hoc reports.
- Centralized Record Keeping: The Loan fundingsfeature provides integrated funding ledger functionality, and enables users to track key funding information (e.g. sources and uses, confirmation numbers, bank information) for funding at initial loan close and for ongoing fundings (e.g. borrowing bases, revolving facilities, delayed draw term loans).
- Approvals and Automated Notifications: Users can choose to require funding approval by one or more authorized parties. Once approved, funding ready notifications are automated, enabling increased back-office efficiency.
Borrowing Base Functionality
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Borrowing Base Functionality
- Axis provides asset and advance rate centralization and tracking for borrowing base loans. Advance rate parameters are entered by asset type at the Loan level.
- Borrowers submit borrowing base reporting through the Customer Portal on a scheduled basis or ad hoc when requesting a funding.
- Borrowing base data is centralized in Axis as a Borrowing Base record. The Borrowing Base record dynamically calculates key balances, such as available advance, based on the parameters initially set at the Loan level.
- In addition to increasing the efficiency and accuracy of managing historical and ongoing borrowing base reporting, Axis provides borrowing base analytics which dynamically detect and flag declining trends.
Portfolio Analytics
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Portfolio Analytics
- Axis offers a robust suite of automated portfolio reporting and analytics. In addition to the standard analytics suite, customized reporting and analytics can be created.
- Static Pool and Collection Analysis: Axis automates static pool and collection analysis and reporting. Users can view historical balance, principal, and interest curves by vintage, by loan, or by account. Static pool and collection analysis is real time and dynamic, allowing users to seamlessly obtain robust and timely analytics.
- Portfolio Stratification: Axis automates portfolio stratification and reporting. In addition to standard stratification attributes (e.g. state, industry), users have the choice to dynamically stratify by any captured data point. Time dimensionality is also included in stratification functionality so users can stratify as of today, or as of a historical date, or compare portfolio stratification over time.
- Automated Testing: Axis includes automated portfolio concentration testing. Users can define testing metrics and thresholds. Axis will automatically trigger notifications if a threshold is breached or trending towards breach.
- Portfolio Performance: Axis automates tracking of key portfolio performance KPIs including total yield, cumulative charge-off rate, and default rate. Users can easily and dynamically obtain portfolio KPIs by specific attribute, portfolio, or time range.
Compliance Monitoring
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Compliance Monitoring
- Automated compliance reporting tracking
- Integrated covenant monitoring and testing
- Web-based compliance certification and execution
- Customized covenant calendars
- Native functionality for changing covenant testing benchmarks over time
- Automated reminders and notifications
Tranches & Participations
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Tranches & Participations
- Group loans into custom pools and portfolios
- Tranche individual loans or entire pools
- Add participants/investors to a single loan or pool, and/or to a single tranche or multiple tranches and allocate pro-rata share
- Automated capital, return, and distribution calculation and reporting-Integrated waterfall management
CRM & Deal Management
CRM & Deal Management
- Automated request tracking and document management
- Custom Deal Stages & Automated Deal Pipeline: Organizations can define up to 8 custom deal stages and related logic during the onboarding process. Deal Stage functionality enables automated tracking of the deal funnel. Deal Stage analytics track conversion KPIs that enable automated notifications and help identify bottle necks in the funnel.
- User Assignment: Deals can be assigned to individual business development reps, underwriters, or other internal users.
- Integrated Status Notes: Users can enter status notes in individual Deal records, enabling users to centrally track Deal updates while avoiding tedious email chains. Automated notifications are sent to associated users whenever a status update is added.
- Term-Sheet: Axis enables users to automate term sheet creation. Users enter proposed terms in the Deal record, and Axis automatically generates the completed term sheet on the organization’s form.
Loan Structures
Loan Structures
- Fully or Partially Amortizing
- Interest Only with Balloon
- Revolving
- Borrowing Base
- Interest Rate Structures
- Current and PIK Interest: Axis provides independent functionality for Current and PIK interest, and for simple and compounding interest.
- Asset Backed Lending
Servicing
Servicing
- Automated Payment Calculation and Tracking: Axis automatically calculates amortization schedules and accrued interest due based on user inputs at the loan level. Received principal and interest payments are recorded and related to the loan record, enabling dynamic automated tracking of loan balances and past-due payments. Received payment data can be automated through custom bank integration or uploaded through a standard template.
- Reporting: Automated real-time reporting of total accrued interest, total paid interest, total interest due, total principal funded, total principal paid, and outstanding principal balance as of the current date or as of a user chosen date. Users can also dynamically create custom ad-hoc reports.
- Centralized Record Keeping: The Loan fundingsfeature provides integrated funding ledger functionality, and enables users to track key funding information (e.g. sources and uses, confirmation numbers, bank information) for funding at initial loan close and for ongoing fundings (e.g. borrowing bases, revolving facilities, delayed draw term loans).
- Approvals and Automated Notifications: Users can choose to require funding approval by one or more authorized parties. Once approved, funding ready notifications are automated, enabling increased back-office efficiency.
Borrowing Base Functionality
Borrowing Base Functionality
- Axis provides asset and advance rate centralization and tracking for borrowing base loans. Advance rate parameters are entered by asset type at the Loan level.
- Borrowers submit borrowing base reporting through the Customer Portal on a scheduled basis or ad hoc when requesting a funding.
- Borrowing base data is centralized in Axis as a Borrowing Base record. The Borrowing Base record dynamically calculates key balances, such as available advance, based on the parameters initially set at the Loan level.
- In addition to increasing the efficiency and accuracy of managing historical and ongoing borrowing base reporting, Axis provides borrowing base analytics which dynamically detect and flag declining trends.
Portfolio Analytics
Portfolio Analytics
- Axis offers a robust suite of automated portfolio reporting and analytics. In addition to the standard analytics suite, customized reporting and analytics can be created.
- Static Pool and Collection Analysis: Axis automates static pool and collection analysis and reporting. Users can view historical balance, principal, and interest curves by vintage, by loan, or by account. Static pool and collection analysis is real time and dynamic, allowing users to seamlessly obtain robust and timely analytics.
- Portfolio Stratification: Axis automates portfolio stratification and reporting. In addition to standard stratification attributes (e.g. state, industry), users have the choice to dynamically stratify by any captured data point. Time dimensionality is also included in stratification functionality so users can stratify as of today, or as of a historical date, or compare portfolio stratification over time.
- Automated Testing: Axis includes automated portfolio concentration testing. Users can define testing metrics and thresholds. Axis will automatically trigger notifications if a threshold is breached or trending towards breach.
- Portfolio Performance: Axis automates tracking of key portfolio performance KPIs including total yield, cumulative charge-off rate, and default rate. Users can easily and dynamically obtain portfolio KPIs by specific attribute, portfolio, or time range.
Compliance Monitoring
Compliance Monitoring
- Automated compliance reporting tracking
- Integrated covenant monitoring and testing
- Web-based compliance certification and execution
- Customized covenant calendars
- Native functionality for changing covenant testing benchmarks over time
- Automated reminders and notifications
Tranches & Participations
Tranches & Participations
- Group loans into custom pools and portfolios
- Tranche individual loans or entire pools
- Add participants/investors to a single loan or pool, and/or to a single tranche or multiple tranches and allocate pro-rata share
- Automated capital, return, and distribution calculation and reporting-Integrated waterfall management