Step 1: Company Creation
Log into Lumonic and navigate to the library
Click "Add Borrower/company"
Complete the company profile:
For collection strategy, choose:
"On platform" if Lumonic will collect financials directly from the company
"Off platform" for non-agented deals or public companies
Set collection status to "inactive" (selecting "active" will trigger data collection)
Step 2: Document Management
Go to the documents tab
Upload all required files:
Deal agreements
Financial documents
Other relevant materials
Apply appropriate document tags to each file
Note: if you have a process utilizing box or email to share these files, continue to use that.
Step 3: Lumonic Notification
Notify your Lumonic team via Slack or Support@Lumonic.com once documents are uploaded
This step is required if your service includes deliverables setup
Step 4: Deliverable Configuration
Lumonic team will configure deliverables and historical data if included in your service
Inform us of any changes to legal language or collection due dates from closing
If not using Lumonic service to build out deliverables, we recommend your firm does the build out at this point
From this point, the company will be ready to go live. See our article on company activations for how to do that here