IMMENSTAAD, GERMANY and ZUG, SWITZERLAND, 13 April 2023 – ACTICO, a software provider for credit risk management and digital decisioning, and Evalueserve, a leading provider of product-led solutions that accelerate decision-making, announced a partnership to deliver an integrated software solution for financial spreading automation.
Evaluserve’s Spreadsmart is a web-based product that effectively replaces conventional manual data entry processes with automated data extraction from financial statements to a configurable template. It leverages a combination of proprietary algorithms and powerful optical character recognition (OCR) for high accuracy, extracting financial statement data as much as 70% faster data than traditional methods.
Using Spreadsmart, financial institutions can automatically load financial statement data into ACTICO’s Credit Risk Platform. The Credit Risk Platform offers fully configurable financial spreading templates, allowing users to spread and adjust reported financials, calculate financial ratios, project future periods, and generate financial analysis reports.
“The partnership will leverage the combined strengths of Actico and Evalueserve to help companies increase automation, efficiency, and accuracy by avoiding manual data entry, and process credit applications rapidly, while minimizing risk”, said Christopher Hansert, Product Manager Credit Risk Solutions at ACTICO.
Evalueserve is a global company at the forefront of using product-led solutions to enhance and accelerate decision-making throughout enterprises. More than 30% of the Fortune 1000, including more than 25,000 platform users, rely on Evalueserve to develop unique solutions that combine AI-driven platforms with the skillset of over 4,500 domain experts. Evalueserve is headquartered in Zug, Switzerland.
Learn more at www.evalueserve.com
Actico is a leading international provider of software for the financial services industry. Through intelligent automation, ACTICO increases the business value of its customers by improving their operational decisions. Today, its customers include leading companies in 25+ countries ranging from small/mid-size to Fortune 500 companies.
More information at www.actico.com