Perhaps the most important tool for a Blooma user is the “Create Deal” button. In the Blooma system, we call credit and investment opportunities Deals. Creating a new Deal in Blooma is easy. There are two available options to create a new Deal in the system: "Intelligent Deal Creation" and "Manual Deal Creation". To create a new Deal utilizing either of these methods, in your pipeline navigate to the homepage and select the "Create New Deal" icon on the top right of the page.
Note: Intelligent Deal Creation requires at least one relevant document from the asset, the more you upload the more robust your Deal will be
Manual Deal Creation
You can create new Deals in the system by manually completing data fields in the New Deal Creation popup. This will likely occur if you’ve received a brief email or phone call with the request and address specifics, but have not received a full Offering Memorandum or Executive Summary. First select the “Create New Deal” icon on the top right of the Deal pipeline. The following popup will open, fill in the four required data fields and select continue.
Once you click continue you are able to add loan amount, term, and unit mix. Please note that these fields are not required to create the Deal. Additionally, Blooma will attempt to automatically populate the unit mix if data is available. Once you click “Create” you will be taken directly to the new Deal Page where it will take up to 5 mins to complete pulling all appropriate data into the Deal.
Intelligent Deal Creation
Once the “Create New Deal” modal has been opened, select the “Intelligent Deal Creation” icon on the top left of the popup. For Intelligent Deal Creation (IDC) you then must input:
For Deals created with IDC, you must also upload one of the following documents:
Offering Memorandum/Executive Summary
Profit & Loss Statements
Once you upload your Deal documents, Blooma’s Intelligent AI will parse the relevant data from the uploaded documents and create the Deal on your behalf. The AI can take up to 2 hours to process the documents, but will parse all the appropriate data from the uploaded files and ensure the data populated in Bloom is 100% accurate. This Deal will not be available to you or visible on the Deal Pipeline until the Intelligent AI has completed its work. Once the Deal has been created in your system, you will receive an email notification letting you know your Deal has been added to your Deal Pipeline and is ready for review.
Note: At Deal creation, you can only upload one of each document type. If you wish to upload multiple documents of the same type you may do so (one at a time) from the Document Upload Center after your Deal has been created. Blooma will then parse and upload the relevant information to your Deal. See our article on Uploading Documents.