Two processes were identified as extending the quarterly close timeline: cash reporting, and valuation of the thousands of asset backed securities. The valuation of the securities required up to date information on the underlying mortgages, including interest received, delinquency, and payoffs. This information came from the manager of the securities and was reported electronically via PDF. Transferring the data to the asset backed securities ledger was a manual business process prone to errors, lacking visibility and controls. Due to the manual process, data entry lagged by 60 to 90 days, so that the data for the quarterly close, was 60 to 90 days old.