Automation can help large corporations create smaller business entities, typically as special purpose vehicles (SPVs) with specific intended applications. These entities are often created for specific purposes such as asset securitization, raising capital, project financing, or tax optimization. While SPV creation isnt always cheap, automation can make it significantly less expensive. Automation can also significantly simplify the process and increase the time and cost savings. However, it requires competent individuals in charge of SPVcreation and oversight. The author suggests that an overarching plan in place for creating SPVs should be established to support high-level processes and achieve efficiency. The article also notes that while SPV automation isnt perfect, it can significantly ease the workload and minimize risk of error.
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