Deloitte Introduces Expanded CLO and Loan Fund Software Offering

New loan data administration supplements Deloitte's software for collateralized loan obligation and alternative investment managers; new software modules also introduced.

News provided by

Deloitte

Mar 18, 2014, 09:00 ET

NEW YORK, March 18, 2014 /PRNewswire/ -- Deloitte today announced the rebranding and expansion of its venerable CDO Suite™ software under the name Solvas™, with several new modules, solutions and interfaces now available.

"Our goal is to help clients solve many of their challenges in the bank debt investing and direct lending space, as well as in other product areas. While our core CLO compliance, asset administration and agenting software remain vital components of our offering, we believe that the market is looking for more," said Hillel Caplan, partner, Deloitte & Touche LLP, and leader for the Solvas family of solutions. Caplan co-leads Deloitte's structured finance and accounting software practice.

"We've reorganized our software into several modules and now provide two different delivery methods: on premise installation on our clients' servers; and a hosted option in a state-of-the-art data center with a geographically diversified disaster recovery site," explained Caplan. "In addition, we now offer one-stop shopping for the administration of agent bank notice data, as well as rating and pricing data."

The following software modules and services are now available:

Software Modules:

Solvas|Accounting™ – A financial accounting and reporting software package for portfolios of financial instruments for investment managers and fund administrators.
Solvas|Agent™ – An administration and reporting system to support the activities of loan administrative agents.
Solvas|Compliance™ – A rules-based compliance engine that provides flexible, user-configurable calculations for CLO collateral managers/trustees and alternative investment managers.
Solvas|Portfolio™ – A multi-asset class portfolio administration and reporting solution for asset managers, alternative investment funds, trustees, and fund administrators.
Solvas|PoP™ – A rules-based priority of payments module that provides flexible, user-configurable priority of payments calculations for CLO collateral managers and trustees.

Software-Related Services:

Solvas|Hosting™ – A cloud-based hosting platform for Deloitte's Financial Technology™ products.
Solvas|Data™ – A bank loan data processing service for use with Solvas|Portfolio to help eliminate the need for clients to input agent notices.

For additional information about the Solvas family of solutions for the loan market, as well as other products from Deloitte's Financial Technology practice, please visit www.deloitte.com/us/financialtechnology.

About Deloitte
As used in this document, "Deloitte" means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain products and services may not be available to attest clients under the rules and regulations of public accounting.

Logo - http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a

SOURCE Deloitte