Mergers & Acquisitions

PDF Acquisitions with the Evolv Suite: Make Your Day 1 and Day 2 Operations Run Like Clockwork

PDF Bid Support and Due Diligence Services Leveraging Evolv

Primatics is the market leader in Loan Accounting and Valuation solutions, and has helped many banks through the M&A process. The Evolv Suite is the only web-based solution that supports the entire acquisition lifecycle, from the initial Bid process through Post-Close on-going processing. More and more customers are choosing Primatics for their M&A processing because:

Primatics has market experience and capabilities to integrate your acquisition smoothly
Primatics has assisted with valuation and accounting for over $250 billion in acquired loans, across banks of all sizes and portfolios of all product types
Primatics will manage the entire Evolv Suite SaaS solution for you, including hosting, customer support, integration with your servicing and GL systems, and even the monthly accounting close process
The Evolv Suite is a secure, controlled platform that meets SAS-70 Type II security requirements, ensuring your accounting close process is well-controlled, consistent, and auditable.

Common M&A challenges

When integrating an acquired loan portfolio, you are likely to face some common challenges.

Incorrect Day 1 Figures

Day 1 interest rate and credit marks are incorrect, leading to restatement and/or revisions to previously released results.

Data Integration

Data integration challenges cause delays, inability to meet monthly close and SEC reporting requirements, and increased risk of restatement.

Lack of Transparency

Lack of transparency into loan-level data limits analytical capabilities, such as attribution analysis and credit risk estimation.

Lack of Automation

Manual loan accounting and valuation processes cannot handle the complex accounting rules for acquired loans, and are not scalable, controlled, or auditable.

Lack of Integration

Reconciliation across accounting, credit risk and reporting data is challenging and inefficient without an end-to-end solution.

Long-term success

Primatics will be a strategic partner with you, to meet your long-term accounting and credit risk goals:

The Evolv Suite is an enterprise platform to enable the CFO and CRO to accomplish their business objectives around Loan Accounting, Credit Risk, and Business Intelligence and Reporting.
The Evolv Suite is scalable as your bank continues to grow, with many of the largest US banks running on the Evolv Suite.
The Evolv Suite is a true software platform, with significant R&D investment made to respond to the dynamic nature of GAAP accounting regulations and customer needs.
Implementing Loan Accounting and Valuation solutions is Primatics’ business. This is all we do, enabling Primatics to focus on providing the best quality solutions and results for our customers.

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