The Main Features
Using the buttons below, you can view the five key elements for applying ICRA Systems in a restructuring process. The software has an intuitive user interface, and we offer support so that you can learn to work independently with ICRA Systems within a very short time. We would be happy to make a no-obligation appointment with you for a live demonstration of the application.
How does the ICRA Systems cloud application work?
- Integration of accounting into the application.
- Creditors portal including due diligence room for uniform information provision. Each individual creditor can track their claim, validate it, view the class division of debt, and can therefore vote on the agreement.
- Communication with involved parties takes place through the application, making it easy to present complete file formation to, for example, the court at a later stage.
- Insight into all assets and alignment values with associated securities.
- Debts are divided into classes.
- Application creates different scenarios and calculations of class divisions.
- Insight into liquidation value and value that can be retained.
- Automatic calculations made of the different values and the consequences per value for capital providers.
- Integrated voting module that also prepares voting report for the court.
- Official documentation (for example, petitions to the court or term sheet for new capital structure) semi-automatically prepared.
- In the application, you can follow the process progress with the associated documents up to the day.
- Calculation of debt analytics and yield calculations of different compositions of capital structures possible.
Debts
By using the import function, you can load creditors and their corresponding debts. You can then easily manually insert or modify debt positions and link securities on assets to individual debt positions.
Class division
You can divide creditors into different classes. Using the impact analysis function, you can compare the effect of the chosen class division on the recovery rate of each creditor in a bankruptcy situation and in a reorganization where the agreement is reached. This shows the interest each creditor has per class, allowing you to estimate which classes will agree and which creditors are important to reach an agreement in each class.
Creditor portal
Each creditor or stakeholder can track their claim in the creditor portal. Creditors can verify their claim here, communicate with the restructuring expert, advisor, or curator about the extent of their claim and their security position, and see in which class their claim is categorized.
Voting module and voting report
Advisors or restructuring experts can submit a draft and a final creditor agreement via ICRA Systems to all stakeholders. They can easily cast their vote in the creditor portal using the voting module. The document generator creates the voting report at the push of a button, which can be sent to the court.
Due diligence room
The company and advisors can store all documents and make them available to creditors via the creditor portal. Here, all information can be made available uniformly to stakeholders and (if necessary) made available per individual stakeholder.
New capital structure
An agreement should lead to the preservation of going concern value within the company. In a reorganization agreement, a new capital structure is established. ICRA Systems provides insight into how the value within the company is distributed among the entitled parties. The composition of the capital structure can be built using various capital instruments (for example, common shares, cumulative preferred shares, and debt instruments). The economic and legal conditions of each capital instrument can be entered in detail in the New Capital Structure section. It is also possible to create different scenarios for capital structures and then use the debt analytics tool and the return overviews to determine whether the capital structure is sustainable for the company and whether the agreement meets the legal requirements.
Curious about how We Work at ICRA Systems?
