Case Study: Navan streamlines $300 million credit facility management with Finley Technologies

Navan manages its $300 million credit facility with Finley

Navan, a business travel and expense management company, faced operational challenges after raising a $300 million asset-backed credit facility from Goldman Sachs to fund its new corporate card program. The finance team needed to manage this complex facility, which required programmatically generating an accurate borrowing base and tracking financial metrics to comply with debt covenants. They sought a solution that would streamline these capital markets operations without the high cost of extensive hiring or slowing down the business. They turned to Finley Technologies for its debt capital management software.

Finley implemented a solution that digitized Navan's credit agreement, using it to automate funding requests and ensure compliance. The platform integrated with Navan's existing card processor and financial systems to serve as a central source of truth. As a result, the Navan team saves dozens of hours monthly by executing accurate funding requests with a few clicks, has mitigated the risk of losing access to capital, and can stay focused on growing its corporate card program.

Navan