ProSpread™
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ProSpread™ optimizes the financial spreading process from various documents and fully integrates with S&P Global’s credit risk desktops. It minimizes the time-consuming process of manually entering financial statement data into your tool and does the heavy lifting for you by leveraging advanced Natural Language Processing (NLP) algorithms combined with Optical Character Recognition (OCR) technology.
ProSpread™ empowers you to quickly gain valuable insights with an optimized, end-to-end financial spreading workflow that starts from file uploading:
- Intelligent data extraction: Offers a guided and intuitive verification process for a consistent and uniform financial spreading experience. The Optical Character Recognition (OCR) technology enables extraction from PDFs and scanned image documents. Additionally, click-through auditability in the source document ensures easy review of extracted data.
- Streamlined data mapping: Maps extracted proprietary financials to a standard chart of accounts for comparability across a portfolio. It supports multiple languages (Dutch, English, French, German, Italian, Portuguese, Polish, Spanish, Turkish, Russian) and allows user verification and intuitive manual overrides, which can be stored to facilitate future automation with machine learning (ML).
- Seamless system integration: Enables auto-scoring of financials through Credit Analytics models and stores inputs and outputs as proprietary data. It also supports the delivery of spread proprietary data output as feeds or APIs for secure data pulls.
Service Provider Information
At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction.
Key Information
Use Cases
- Financial data entry team: This team handles large volume of financial documents daily, often involving manual extraction of data from PDFs and images, which is time-consuming and prone to errors. By optimizing this process with ProSpread, the team can swiftly capture key data points and map them into standardized formats with greater accuracy and efficiency.
- Relationship manager: Without disrupting the focus on client interactions, ProSpread can simplify the process of extracting customer financial data, enabling faster assessment.
- Credit and risk team: The team can assess risk consistently across various public/private counterparties within portfolio, supported by the integrated financial spreading function of ProSpread and credit assessment to ensure all relevant data is standardized.
- Underwriter: ProSpread can accelerate the underwriting process from extracting and mapping data to performing ratio analysis and assessing risk. With less intense routine tasks, underwriter can redirect the attention on handling more complex cases and make faster, more informed decisions.
- Financial analyst: Financial analyst working with large datasets to assess company performance and credit risk often faces the challenge of gathering, cleaning, and standardizing financial statements from various sources. ProSpread significantly reduces the time spent on these tasks, quickly validating and mapping data to the appropriate financial structures. This allows analyst to focus on higher-level analysis, reporting, and deriving deeper insights into financial health, ultimately enhancing portfolio management and investment strategies.
Benefits
- Time efficiency - Spend more time on high ROI analysis, and less time on manual data entry.
- Quick and Easy Start - Minimize training and onboarding time with user-centric and excel-like interface.
- One Seamless Experience - Integrate user’s data with broader risk assessment workflow through proprietary data store.
- Continuous Learning - Learn as the user cycles through individual financial data points to edit, reassign, or confirm matches.
- Comparability - Map extracted data to the Capital IQ standard chart of accounts, allowing for an apples-to-apples view of public and privately extracted financials.