Before executing factoring transactions, the legal department of Sber Factoring reviews the documents of clients and guarantors, prepares a legal opinion on the risks of challenging factoring transactions and guarantee agreements. This is done so that the credit committee can make a decision on financing or refusal of financing, taking into account the risks outlined in the legal opinion.
To automate the analysis of the Unified State Register of Legal Entities (EGRUL) extract, we created a special parser.
The EGRUL extract is uploaded to the interface of our program, which generates legal opinions, and all necessary data from this extract (information about participants, the general director, changes made to the charter, etc.) automatically flows into the opinion. We will also perform an automatic check of the extract using a neural network for the presence of stop-factors – information on liquidation, bankruptcy, reorganization, unreliable company address, information about the existence of a shareholders' agreement, information about a convertible loan agreement concluded by a borrower - a non-public joint-stock company or a limited liability company, about the pledge of a share in the charter capital of an LLC, information that a legal entity being a business company is in the process of reducing its charter capital. Similarly, it is possible to determine whether the company's activities are subject to licensing and whether it has the necessary licenses.
Furthermore, to speed up the preparation of the legal opinion, we have implemented a module in the program that calculates the percentage ratio of the transaction obligation amount to the book value of the company's assets. That is, determining whether the transaction is a major one for the company happens automatically. For cases where the transaction is major, we have implemented a generator of protocols (decisions) on the consent for this transaction from the general meeting of the company's participants/shareholders. Thus, these protocols/decisions are generated quickly and always in a form pre-approved by Sber Factoring's lawyers.
We are also automating the preparation of draft decisions of Sber Factoring's credit committee, which will further accelerate the issuance of financing to clients.
Such automated solutions allow for a manifold increase in the speed of company business processes. A company can increase its workload by 2 times or more, handled by the same number of employees!
You can create similar solutions independently and without programming knowledge on our low-code platform Botman.one, or you can order the development from us. This will be much faster, simpler, and cheaper than ordering development from programmers.
Developing solutions on the Botman.one platform is also much safer than wire-coding, as solutions created via wire-coding can contain numerous vulnerabilities.
We take responsibility for the security and functionality of solutions created by us on our platform and provide technical support.