Business solutions provider Intralinks and software provider Misys have partnered to offer syndicated loan solutions to the trade finance market.

The two firms aim to improve customer experience in this US$3.9tn market by building connectivity that supports straight-through processing of loan information

Under the partnership, IntraLinks and Misys will launch a major upgrade to the Lenderbridge product; a connector between the loan management system, Misys Loan IQ, and the IntraLinks platform.

The upgrade will enable real time synchronisation of fund-level entities by providing administrative agents with the ability to fully represent their legal lenders of record for each deal conducted on IntraLinks’ platform.

This upgrade will also serve as a foundation for the launch of additional loan process solutions, Misys says, including the process of administering amendment voting.

“Amendment voting is one of the remaining mostly manual processes in the syndicated loan
market,” says Ellen Hefferan, vice-president of operations at the Loan Syndications and Trading Association.

“Solutions that can streamline this process and reduce operational risk are critical to the future growth of the market.”

In addition, IntraLinks will offer an interface to Misys Loan IQ that includes a new front-office deal management capability to provide joint book running, pipeline reporting and customer relationship management tools.