TresVista runs Elimentary’s AI agent on a BDC filing reconciliation, cutting 20 hours to under 30 minutes plus sign-off
Elimentary · 2026-10-19
Who it affectsFund administrationFinance and reportingCompliance and risk
TresVista has put an AI agent from Elimentary to work on the quarterly filing reconciliation of a US-listed business development company (BDC). It is the first live use under a multi-year partnership the two firms announced on 19 October. TresVista is a managed services and advisory firm whose work includes fund administration and FP&A. Elimentary, a New York firm backed by Y Combinator, builds AI agents for private and structured credit operations.
- Scope: the reconciliation covered 500+ checks across several filings and their supporting workbooks.
- Time: each run fell from about 20 hours of analyst and reviewer time to just under 30 minutes. Manual sign-off takes another hour.
- Effort: the firms put the saving at about 90% of manual effort. TresVista says its teams keep control of review and sign-off.
The figures are the two firms’ own. For a BDC’s finance team and its fund administrator, the job that changes is the quarterly tie-out of filing figures to the workbooks behind them. The sign-off stays with a reviewer.
Who reviews the checks the agent marks as passed, and not only the exceptions it raises?
In practice: a credit manager or BDC that outsources its filing tie-out should ask for the list of checks the agent runs. It should also get the reviewer’s sign-off on each run, and file both with the quarter’s workpapers.