In risk-assumed operations, onboarding assignors can often be a bureaucratic and time-consuming process. Registering hundreds—or even thousands—of assignors requires such significant effort that, in some cases, it can even make the operation unfeasible. This is why leveraging technology is essential to ensure efficiency, transparency, and security for all parties involved.
StepFi, developed by Evertec + Sinqia, was designed specifically to automate the assignor onboarding process, delivering the agility and effectiveness that fund administrators need. Here’s how this solution works.
Why Was StepFi Created?
In risk-assumed operations, it is necessary to register all assignors (suppliers).
For a single debtor, there may be thousands of assignors, and the fund administrator often lacks the operational capacity to process these registrations internally. This limitation can, in many cases, prevent the transaction from moving forward.
StepFi was created as an end-to-end solution ethat covers every stage of the assignor onboarding process in one single product.
How Does It Work?
StepFi manages and automates every phase of the assignor onboarding process, automatically recording all data in the platform once the onboarding is approved and contracts are signed. The process includes:
- Data collection: customized forms for entering registration details and uploading documents.
- Validation and approval: verification and confirmation of all submitted data and documents.
- Signature and power of attorney rules: identification of signatories and powers, with signature rules configured according to the documentation.
- Electronic and digital signature: available via email and WhatsApp.
- Contract template management: configuration and customization of the master agreement and assignment terms.
Additionally, the solution is natively integrated with FIDC Custódia (Fromtis), automatically recording all data in the platform as soon as the onboarding is approved and contracts are formalized.
Benefits of StepFi
Some of the key benefits StepFi can bring to your operation include:
- Customization: ability to incorporate the administrator’s or manager’s visual identity, proprietary installation, URL, and tailored communication.
- Scalability: capacity to handle high processing volumes and adapt to seasonal variations in the operation.
- Usability: an agile and intuitive interface that enhances the user experience.
If your fund administration has faced—or is currently facing—challenges in onboarding assignors in risk-assumed operations, StepFi is the ideal solution to streamline processes and boost efficiency.
Contact our specialists today and transform your assignor management with StepFi.
