Banyan Infrastructure Q2 Product Release Recap

Banyan Infrastructure's Q2 2024 product release enhancements focused on improving data integration and loan support, along with new dashboards and usability features. Integration Partnerships with Derapi and MERGE now allow users to seamlessly incorporate SCADA system data and access popular CRM and accounting software. Extended counterparty access streamlines collaboration and document sharing. Streamlined Loan Applications now allow for public responses to loan applications through a streamlined intake portal. Residential loan support now includes a dedicated view with tailored metrics, and a new streamlined loan application process improves efficiency for lenders. Dashboards for KPIs, reporting covenants, and to-dos provide greater visibility into portfolio health and obligations. Usability enhancements like advanced filtering and improved workflow automation further optimize the user experience. These updates reflect Banyan's commitment to data-driven decision-making and efficiency in sustainable infrastructure financing.

Ecosystem Connectivity and Collaboration

‍

Integration Partnerships

Investing in sustainable infrastructure is a data-driven business. Sustainable infrastructure assets have many different disparate data sources, including accounting data, SCADA data, relationship management data, financial data, and more. Capturing and making sense of this data is key to faster onboarding, maintaining superior data integrity, and dedicating more time to insightful analysis and reporting. As such, we are continuously adding to our robust portfolio of integrations and ecosystem partnerships to allow you to have the most important data and insights at your fingertips.

Compiling data across many different systems used to take weeks, but now it can be done usingBanyan Infrastructure. In order to bring this vision to life, we have partnered with two very exciting companies, notably, Derapi and MERGE.

Through our partnership with Derapi, we are able to integrate live distributed energy resource system data for improved visibility on asset performance. Derapi connects any supported DER service (distributed energy resources) to any supported DER device. Through Derapi, we now have integrations with Enphase, SolarEdge, SMA, Solis, and other providers of data from distributed energy devices.

Secondly, we’re excited to announce our partnership with MERGE, a leading platform that makes secure data access easy by offering Unified APIs. As a result of this partnership, Banyan Infrastructure now supports integrations with 21 popular CRM’s, including Hubspot, Affinity, Microsoft Dynamics, Pipedrive, and 13 popular Accounting Software, including Wave Financial, Quickbooks, Xero, Workday, more.

‍Extended Counterparty Access

We’re excited to have improved stakeholder and counterparty functionality with extended access for counterparties and other key stakeholders to view and action on covenant reports you need them to, all in one place. Banyan Infrastructure users can now send their reports and obligations to their counterparties, who have their own convenient and intuitive portal to track all ongoing obligations from Banyan customers. Here they can see all existing and upcoming reports and deadlines, as well as process their approvals, comments, and tasks. This feature eliminates the back-and-forth of document sharing over email or other tools, which can lead to misplacing documents, missing deadlines, and having version control issues. This allows for full ecosystem visibility, which drives clarity and accountability and improves processing speed. Now, everything is tracked in Banyan Infrastructure, which improves data integrity and builds stronger relationships between counterparties.

Additional Loan Support

‍

‍Residential Loan Support

We’re excited to announce a separate view specific to residential loans. In order to meet our climate goals, clean energy needs to be everywhere, including in residential homes and properties, making clean energy investments increasingly smaller and more distributed. With that comes a unique set of challenges in tracking residential portfolios, including the sheer volume of data that needs to be collected across a large number of distributed assets.
With that, Banyan now allows for a separate view of residential loans and captures real-time, unique impact and financial metrics in one place. This view collects many metrics unique to residential, including:

• Overview of Originated Loans and Funding Amount
• A view of Lending Volumes over time
• Low Income/Disadvantaged Communities Upgraded, which is directly beneficial to GGRF and other government program reporting
• FICO Score and Debt-to-Income distribution on residential loans as indicators of borrower profile risk
• Geographic distribution
• Other Impact metrics like Total Project Capacity in kW and Impact on Affordable Housing Units

This view allows teams to monitor performance, easily access data and residential metrics, and generate reports on residential portfolios.

‍Streamlined Loan Applications

Banyan Infrastructure now has the ability to intake loan applications directly from the platform. We understand that lenders are often struggling to get through a high volume of loan applications, and lacking tools to effectively intake data, process applications efficiently, and make the most informed decisions about the applications. Through our streamlined data collection, Counterparties will input information only once throughout the entire process, and allow lenders to make informed and efficient decisions about loan applications. With Banyan Infrastructure, users can:

‍

‍

• Collect comprehensive and complete loan application information
• Effortlessly manage the review process of loan applications, including approvals, with a centralized intake tool and complete loan information
• Leverage templated diligence, scorecards, documents, and checklists across solar, storage, EV, and other key technologies
• Lenders can request revisions and communicate with applicants via comments without ever having to leave Banyan or send an email

‍

Dashboards

We’ve continued to bolster our platform's ability to surface the most important and actionable insights as it relates to your deals, portfolios, and obligations. In light of this, we’ve introduced several dashboards this quarter to allow users to quickly identify the status of important KPIs and reporting covenants.

• KPI Dashboard: Quickly access the health of your portfolio with an overview of your financial KPIs, including whether they are within target, nearing a threshold, and warnings for those outside of target. Users can filter KPIs based on what’s most relevant to them, and quickly drill down into KPIs, at the project, deal or loan level, when they detect issues.

‍

• Reporting Dashboard: Quickly and easily identify covenants and reports that are due soon, require a resubmission, or fit into any other status, with an intuitive graphical overview of the statuses of all your reporting covenants that makes sure you don’t miss items needing attention. Seamlessly triage to resolve issues more quickly and painlessly, and make sure that your team’s overall workflows are moving along as needed.
• To-do Dashboard: Our to-do dashboard makes it easy for individual team members to see only the items that need their specific attention as it relates to reporting and compliance, separating these items out from the overall team's responsibilities. A tailored view for the individual user to save time and move their most important responsibilities  forward.

‍

Usability Enhancements

Our primary goal is to improve the efficiency of crucial workflows in project finance. As such, we’re always making enhancements to improve the usability of our product, including the following enhancements:

• See your data, your way: improving the discoverability of data with advanced filtering, tags and search bars throughout the platform.
• Improved workflow automation: new automation features that add additional logic to workflows. This includes streamlined information collection with additional customization during intake for reduced redundancy in data inputs to increase efficiency.

‍

And More…

If you want to learn more about Banyan Infrastructure, contact us for more information. 

‍