Supercharged Financial Spreading for an Australian Bank, Reducing Processing Time by 60%

A global multinational banking and financial services company with large rural and agricultural banking operations in Australia and New Zealand, processed 80K financial statements per year as part of its loan origination process. The manual processing of non-standardized annual reports and financial statements was effort-intensive, highly inefficient, and prone to errors. Moreover, the bank’s legacy financial spreading tool was reaching its end of life.

The bank was thus looking to adopt a platform approach to:

• Streamline its financial spreading process and accelerate loan origination
• Achieve significant cost savings through reduced development time and maintenance overheads

They leveraged EdgeVerve AI Next , a unified platform, to build a Financial Spreading Solution that would supercharge its loan origination and loan review processes.

Key business benefits delivered:

Embrace the future of financial spreading with EdgeVerve AI Next!

Download the case study to discover how EdgeVerve AI Next enabled the bank to overcome the challenges of manual financial spreading, accelerate loan origination, and boost revenues.