Case Study: a leading alternative investment firm automates covenant monitoring and reporting with Innodata

Leading Alternative Investment Firm automates covenant monitoring for $40+ billion AUM with Innodata

A leading alternative investment firm was facing the challenge of manually tracking financial covenants in its legal agreements, a labor-intensive process performed in Excel that lacked transparency and risked revenue losses. They engaged Innodata to implement an AI-enabled solution using the docAnalytics Platform to automate data capture and create a centralized repository for compliance.

Innodata's docAnalytics Platform provided a solution that automated the extraction and management of critical agreement data, offering advanced search, reporting, and auto-amendment tracking to alert users of potential covenant breaches. This allowed the client to gain full transparency into their risks, mitigate potential losses, and automate their previously manual processes.