As risk is an inevitable part of banking operations, Credit Risk Management has become many financial institutions’ core function. And in this process, one of the first and most important steps is financial spreading. However, financial spreading can be a very time-consuming and exhaustive process, specifically due to its case-specific nature and requirement for manual input.
Understanding the challenges that come with the process of manual spreading, one of the largest banks in the world has employed our Financial Spreading solution to automate the process. The results were a simplified version of the process, accompanied by a faster processing time, higher accuracy and improved productivity.
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