WESTWOOD, Mass., Feb. 24, 2014 /PRNewswire/ -- Former Gartner Research VP, Jim Sinur, recently wrote an article on Leveraging Machine Intelligence for Timely & Cost Effective Underwriting, based on the Financial Statement Spreading service from RAGE Frameworks.
"The critical first step in the commercial underwriting and risk management process, gathering and extracting financial data from client submissions, is almost universally a manual, non-responsive, error-prone, non-scalable process. Timely and consistent application of credit policy across the enterprise is extremely challenging at best and becomes increasingly difficult to operationalize as the organization scales," writes Jim. He goes on to describe the challenges behind this industry wide stagnation.
The pioneering solution developed by RAGE addresses these very challenges, and enables what the author calls a smarter process. "The application of processes, pattern matching, analytics and business rules, all managed by business folks really delivers results. Truly a smarter process."
Read the full article at: http://jimsinur.blogspot.in/2014/01/leveraging-machine-intelligence-for.html
RAGE LiveSpread™ automatically aggregates and extracts data from financial statements from any source, tax returns [K-1, 1040, etc] in any form and format [including paper statements], normalizing the extracted data to a Bank's specific normalization formats. Where desired, the solution also automatically populates the data into spreading and risk management applications including Moody's Riskcalc or Baker Hill.
About RAGE Frameworks, Inc.
RAGE Frameworks Inc. provides Business Process Automation and Semantic Intelligence solutions and products with the mission of bringing unprecedented Speed, Flexibility and Insight in solving the most complex and mission critical enterprise business problems. To learn more about RAGE, visit www.rageframeworks.com.
SOURCE RAGE Frameworks