Automating credit report generation
Generating credit reports manually is a time consuming and labour-intensive task, often resulting in errors and inconsistencies. This process was burdensome for analysts at Acuity, who spent a significant amount of time reviewing and editing these reports, diverting their focus from more strategic tasks.
Acuity needed a solution to automate the initial drafting of credit reports, while ensuring accuracy, fairness, and compliance with regulatory standards.
Consolidating reports
Acuity’s BEAT CreditPulse leverages Natural Language Processing (NLP) and Optical Character Recognition (OCR) to extract valuable data from unstructured sources like company financials and reports. The platform uses Microsoft Azure technologies, including the Azure OpenAI GPT family of large language models (LLMs), to generate high-quality credit report drafts.
By collaborating with Microsoft, Acuity has achieved the following impactful results:
Standardization: Subject matter experts are empowered by contextual technology, ensuring consistent and standardized report output
Configurable Templates: Built-in flexibility to customize templates and content based on customer credit requirements and specifications
Increased Efficiency: Analysts can now focus on high-value tasks resulting in time savings of up to 25% in the credit report writing process
Improved Accuracy: Automation of report generation minimizes errors and inconsistencies, ensuring higher-quality, reliable reports for customers
Jon O’Donnell
Chief Operating Office
BEAT CreditPulse, powered by Microsoft’s advanced technologies, has revolutionized our credit report generation. This AI enabled tool has enhanced accuracy, efficiency, and compliance, allowing our analysts to focus on high-value tasks and deliver better outcomes for our clients.
up to
25%
time savings in the credit report writing process
Acuity is a leading provider of bespoke research, data management, analytics, talent, and technology solutions.
More details at https://www.acuitykp.com
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