nIQ Automated Spreading and Underwriting Efficiency nCino leverages optical character recognition (OCR) to extract data from financial statement and tax returns, allowing underwriters to spread financial statements up to 80% faster. The OCR functionality within Automated Spreading also includes statistical support to help identify mistakes. nCino s Automated Spreading feature, the bank is now well-positioned to reduce the time it typically takes to spread financial statements and tax returns by up to 75%, enabling bank employees to focus on delivering insightful financials. After implementing nCino’s Small Business and Commercial Banking Solutions in 2022, Desjardins has been able to increase the speed of its loan origination process by eliminating unnecessary...
After implementing nCino’s Small Business and Commercial Banking Solutions in 2022, Desjardins has been able to increase the speed of its loan origination process by eliminating unnecessary... Automated Spreading maps data from Tax Statements to the tenant bundle. After using Automated Spreading, the nCino system seamlessly posts periods to Spreads, validates the document type (financial statement or tax statement) and creates spread documents. With nCino’s Automated Spreading Solution, reduce the time it takes to spread financial statements and tax returns, while improving spreading consistency and empowering your institution to focus on insightful financial analysis instead of manually re-keying data. nCino’s Automated Spreading Solution, powered by nCino IQ (nIQ), leverages artificial intelligence (AI), machine learning (ML) and optical character recognition (OCR) to reduce the time it takes to spread financial statements and improve spreading consistency. To improve the efficiency already gained by using the platform, Desjardins is expanding its use of nCino to include Automated Spreading functionality, which leverages machine learning to streamline the underwriting process, enhance financial statement data capture and improve the speed and quality of credit decisions.
With nCino’s Automated Spreading Solution, reduce the time it takes to spread financial statements and tax returns, while improving spreading consistency and empowering your institution to focus on insightful financial analysis instead of manually re-keying data. nCino’s Automated Spreading Solution, powered by nCino IQ (nIQ), leverages artificial intelligence (AI), machine learning (ML) and optical character recognition (OCR) to reduce the time it takes to spread financial statements and improve spreading consistency. To improve the efficiency already gained by using the platform, Desjardins is expanding its use of nCino to include Automated Spreading functionality, which leverages machine learning to streamline the underwriting process, enhance financial statement data capture and improve the speed and quality of credit decisions. The Automated Spreading Solution reduces the time it takes to spread financials and will enable portfolio growth by empowering Shawbrook with automated insights for improving the speed and...