Accelerate Spreading with Intelligent Automation
Automate Tedious Data Entry
Streamline the Underwriting Process
Improve Financial Spreading Consistency and Minimize Errors
Leverage Data To Learn and Improve Over Time
The business of banking is extremely labor-intensive, especially in credit analysis and underwriting. Today, credit analysts spend hours manually rekeying data from financial documents into spreading systems. This decreases the time available for insightful financial analysis and results in lengthy loan underwriting times. nCino’s Automated Spreading, powered by nCino IQ (nIQ), transforms the process of spreading financials by leveraging machine learning and optical character recognition (OCR). With Automated Spreading, institutions can automatically interpret and extract data from financial statements and tax returns across two hundred languages and directly input the data into nCino’s powerful financial analysis tool, nCino Spreads. Automated Spreading reduces the time it takes to spread and process documents by 75%, accelerating loan underwriting and empowering credit analysts to develop a holistic understanding of credit risk, instead of painstakingly reentering data.