Case Study: a leading global bank accelerates lending operations with Evalueserve’s AI-powered Spreadsmart

a leading global bank cuts financial spreading time by 21% with Evalueserve

The Wholesale Credit and Lending Team at a leading global bank faced an inefficient and error-prone lending process due to a completely manual financial spreading operation. To address these challenges, the bank partnered with vendor Evalueserve to automate the process using their AI-powered tool, Spreadsmart.

Evalueserve implemented its Spreadsmart solution in three phases, which included integrating it with the bank's existing Moody’s CreditLens platform and adding new AI capabilities. This solution delivered a 70% acceleration in data extraction with 99.6% accuracy, a 21% improvement in end-to-end processing time, and an additional 9% efficiency gain, transforming the bank's lending operations for greater speed and accuracy.