Challenges in Financial Spreading
Employees working at banks and other financial institutions have to regularly & manually extract information from various unstandardised forms of statements into their own standard formats. This is an inefficient and ineffective process for all parties involved, effectively compromising on the quality of other relevant businesses.
Slow manual processing time
Inconsistent input data
Cost-ineffective use of resources
The flow within our Financial Spreading solution
Automate the statements extraction process by collecting data of various formats and from multiple sources using Configurable AI models.
Spreading Rules Application
Apply customisable spreading rules to fit the organisations' needs and objectives. An expert-in-the-loop system is also utilised to improve the process's accuracy.
Flexible Statements Output
Convert and transfer data to one centralised hub for credit scoring.
We deliver real competitive advantages to your business
Improve spreading speed
The spreading of data will be automated, removing many repetitive & manual tasks. Employees can therefore allocate their time on other, more important businesses.
Maintain high accuracy
Minimise the necessity of manual data spreading to reduce human errors. Expert-in-the-loop concept is also utilised to address any mistakes made by the AI model.
Data from Financial Statements can be extracted from any format and they can be automatically submitted to the bank's internal credit scoring system.
Configurable AI models
Interface can be customised to fit the bank's specific financial spreading workflow as well as its overall business process.