NEW YORK–(BUSINESS WIRE)–Moody’s Analytics, a leading provider of financial intelligence, has
added significant new automation functionality to the CreditLens
credit-lifecycle-management solution, including automated spreading of
financial statements and covenant tracking. Built on the latest
cloud-based technology, the CreditLens platform helps financial
institutions digitally transform their commercial credit processes to
make faster and better-informed credit decisions.
Through integration with the new Moody’s Analytics QUIQspread
tool, the CreditLens solution leverages machine-learning technology to
extract financial statement data from word processing documents, PDFs,
spreadsheets, images, and more. This integration automates one of the
most laborious aspects of credit decisioning – the manual collation,
extraction, and input of financial data.
The CreditLens platform now also automates covenant tracking. Clients
simply specify a testing schedule, and the system will automatically
warn of missing information or any breaches of financial covenants.
These automation features complement the solution’s strong
configurability to make it easier for clients to quickly align to
dynamic business requirements, whether those are new internal policies,
changing priorities, or regulatory mandates.
“Many bankers haven’t yet digitally transformed their business, so their
days are filled with tedious tasks associated with manual spreading and
covenant tracking,” said Annie Choi, Senior Director of Product
Management at Moody’s Analytics. “These enhancements to the CreditLens
solution enable bankers to quickly realize the potential of a digital
transformation, freeing up their time to spend on strategic matters,
like providing more effective customer service or expanding portfolios.”
here to learn more about the Moody’s Analytics CreditLens solution.
About Moody’s Analytics
Moody’s Analytics provides financial intelligence and analytical tools
to help business leaders make better, faster decisions. Our deep risk
expertise, expansive information resources, and innovative application
of technology help our clients confidently navigate an evolving
marketplace. We are known for our industry-leading and award-winning
solutions, made up of research, data, software, and professional
services, assembled to deliver a seamless customer experience. We create
confidence in thousands of organizations worldwide, with our commitment
to excellence, open mindset approach, and focus on meeting customer
needs. For more information about Moody’s Analytics, visit www.moodysanalytics.com.
Moody’s Analytics is a subsidiary of Moody’s Corporation (NYSE:
MCO). Moody’s Corporation reported revenue of $4.2 billion in 2017,
employs approximately 12,600 people worldwide and maintains a presence
in 42 countries.
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