afterdeal.

For private-credit investment and portfolio teams.

Know how each loan
is performing.

Compare new financials with the credit memo, check the loan terms, and prepare the next quarterly review.

We build the workflow around your team. Your analysts review the findings and make the decisions.

Try the demo Book a call
From the first review to quarterly monitoring. No signup needed.
We’re building for
  • Private-credit funds
  • Private-equity credit teams
  • Family offices that lend directly
Bronze, silver and gold document plates connected by a single gold beam
Credit memoQuarterly reportLoan review
FOLLOW THE LOAN FROM ONE QUARTER TO THE NEXT

01 / THE REPORTING PACKET

Add the
latest report.

Use the financials and loan documents your team already receives. We bring the figures, checks and supporting sources into one review.

Start the demo with PAR’s public documents and a source-linked checklist.

Start the demo →This historical example uses prepared public data. The upload sequence is an animation.
afterdeal.QUARTERLY REVIEW HISTORICAL SAMPLE
PAR TECHNOLOGY

Year-end 2024

4 open itemsFirst pass prepared · analyst review pending
Reported ARR$276.0m
Term-loan principal$90.0m
Reported cash$108.1m
REVIEW CHECKLIST6 CHECKS

Observations are not covenant approvals. Missing here does not mean missing at the lender.

Curated public evidence · 6 source documents availableCutoff 2025-03-03
OPEN A CHECK TO SEE THE DETAILS

02 / THE ANALYST’S REVIEW

See what needs
a closer look.

Open a finding to see the number, calculation and source. Outstanding questions stay on the checklist.

In this example, PAR’s reported revenue totals add up. The analyst still needs the supporting schedule required by the loan agreement.

Explore the review and download the Excel pack ↗
afterdeal.QUARTERLY REVIEW HISTORICAL SAMPLE
PAR TECHNOLOGY

Year-end 2024

4 open itemsFirst pass prepared · analyst review pending
FINDING → EVIDENCE → ACTION

Revenue definition

The reported revenue totals add up. But the agreement defines ARR differently, so we need supporting revenue schedules before using it in the covenant.

REPORTED COMPONENTS RECONCILE$159.148m + $116.834m= $275.982mArithmetic matched. Contractual ARR remains unverified.
FY 2024 · Form 10-K↗Executed credit agreement↗
NEXT STEP

Request the contractual ARR support and reconcile scope and currency.

Curated public evidence · 6 source documents availableCutoff 2025-03-03
SEE THE SOURCE BEHIND EACH FINDING

FROM ONE QUARTER TO THE NEXT

Keep the loan.
In view.

The next report arrives. See what changed, what needs checking, and where to look.

NORTHSTAR SOFTWARE Fictional example

Start with what you have.

  • Credit memoThe original investment case
  • Loan agreementThe terms to check
  • Quarterly reportThe latest financials

Your original plan stays in the record.

Illustrative figures. Your analysts check the evidence and make the decisions.

03 / ONGOING MONITORING

Compare every quarter
with the original plan.

See actual performance beside the credit memo and latest forecast. Follow changes in revenue, cash and leverage over time.

The original memo stays in the record when a forecast is revised. Earlier review flags remain available in later quarters.
ILLUSTRATIVE MONITORING DEMO · FICTIONAL DATA
Revenue in original memo$29.0m
Revenue in latest forecast$27.0m
Reported scenario revenue$26.5m
Change from original plan-8.6%
Explore quarterly monitoring →Fictional loan and financials. The animation illustrates ongoing monitoring; live integrations require a separate build.

YOUR TEAM. YOUR PROCESS.

A review that fits
how you work.

Bring one past loan review. We build around your documents, checks and reporting format.

Your data and access

We agree who can access the data, where it stays and which models can be used. Security and compliance requirements are assessed before each pilot.

Your checks and output

We map your loan terms and review criteria, then prepare the output in the format your analysts already use.

A pilot you can measure

Replay a past quarter with your team. Compare the time taken, findings and corrections with the review you already completed.

Built forPrivate-credit funds · PE credit teams · Family offices that lend directly

YOUR REVIEW PROCESS

Built around
how your team works.

Show us the reports you receive and the review you prepare. We agree the inputs, checks and output format with you.

Talk through your workflow ↗
WHAT WE AGREE BEFORE A PILOT
  1. 01

    Where your data stays

    We assess local models and in-region deployment against your data requirements.

  2. 02

    Who can access it

    We define permissions, reviewer approvals and the records your team needs to keep.

  3. 03

    How we test it

    We check the accuracy, time taken and cost against a review your team has already completed.

Security and compliance requirements are assessed for each pilot, jurisdiction and use case.

TRY IT WITH YOUR TEAM

Start with
one loan.

Use a past quarter to see whether the workflow saves your analysts time and produces a review they can use.

  1. 01

    Choose a past review.

    Bring a historical reporting packet you have permission to share.

  2. 02

    Choose the checks.

    We agree which figures, loan terms and assumptions to monitor.

  3. 03

    Compare the results.

    Your analysts review the output. We measure the work saved and any corrections needed.

LET’S LOOK AT YOUR WORKFLOW

How does your team
review a loan today?

Walk us through it.
We’ll discuss what we can build for you.

Try the demo Book a call
About the demo+

The PAR review uses curated public filings available on 3 March 2025. Its loan was repaid on 30 January 2025. The monitoring animation uses a separate fictional loan, credit memo and quarterly reports. Both examples need analyst judgment; covenant conclusions require the full lending record. You can also read text-based PDF, Excel and CSV files locally and confirm their mappings. Production integrations, saved records, live company search, OCR and automated legal interpretation require further work. Use public or synthetic files in the demo.