New in r3: Monitor Client Group Risk

What’s new?

From today, lending teams will benefit from new risk-monitoring controls in r3:

• Monitor and manage risk at client-level and facility-level.
• Group several clients under a single parent company and monitor risk at the level of the parent company or any client within it.
• Create groups of clients according to industry, region, country, client manager and other nominal factors, and monitor risk across these groups.
• Assign events and tasks to facilities, clients and parent companies.

What value do these new controls offer lenders?

Expanding support for client groups makes it easier to monitor and manage risk for complex clients or related entities in r3.

Before this release, r3 allowed users to track risk on a facility-by-facility basis. Now, users can take a view of the aggregate risk of a single client with several facilities in place. This is also useful when funding export clients with multiple currencies, for example, or recruitment clients with separate temp and perm lines.

Grouping several clients under a parent company is useful for monitoring risk and exposure to businesses with regional divisions or multiple brands. Lenders can view the risk of the entire group or any company within that group.

The latest changes also help lenders to take a macro view of their portfolio. Giving users the ability to create ‘nominal’ groups of clients that share a characteristic – for example, a client manager or country – means lenders can track and spot risk trends across their body of clients for planning, reporting and analysis.

Meanwhile, setting tasks or configuring events at the client-, facility- or parent-company level makes r3’s risk-tracking tools and automations useful for a wider range of teams. While a client manager might be interested in monitoring the performance of an individual client facility, their executive team might be more interested in risk trends across the lenders’ book. We’ve written more about what lenders can achieve with by adopting r3’s cross-team ‘RiskOps’ model to risk management here.

What else do you need to know?

Our new client group functionality is available to all lenders using r3, following our r3 v.26_10.10 release earlier this week.

If you’ve got questions about how client groups could benefit your lending teams, speak to your Dancerace Customer Success Manager today.

If you’d like updates on our latest functionality to your inbox each month, subscribe to our release note newsletter.

About r3 RiskOps

r3 RiskOps gives IF lenders of all sizes the tools to model, monitor and act on client risk from a single, intuitive system. This puts risk at the centre of planning and decision-making across your lending business, including everyday operations and client management. To find out more, click here.