Moody’s Analytics, a global provider of financial intelligence, has won the Best Financial Services AI Solution category at the 2019 Artificial Intelligence Awards. We won this award for the QUIQspread™ solution, which helps institutions automate the spreading of financial statements.
“Firms want to spend less time and resources on the spreading process—while preserving the quality of data. With the QUIQspread tool, we are helping make that possible.”
Our extensive financial spreading expertise and data resources are at the heart of the QUIQspread tool, which uses machine learning to understand an institution’s financial data spreading policies. Increased accuracy, shorter processing times, and lower costs are achieved as the tool gets smarter with every spread.
As a software-as-a-service platform, QUIQspread is scalable with business growth. It contains data on the financials of more than 22 million private firms, which immediately helps it to improve spreading accuracy.
The QUIQspread tool easily integrates with clients’ internal loan systems and the Moody’s Analytics CreditLens platform, our credit lifecycle management solution, helping businesses digitally transform their commercial credit processes. Firms using the CreditLens solution can run financial statements through the QUIQspread tool without leaving the platform.
The QUIQspread tool was developed by the Moody’s Analytics Accelerator, which uses emerging technologies to build next-generation Moody’s Analytics risk management solutions.
“We’re honored to be recognized in the Artificial Intelligence Awards,” said Eric Grandeo, Senior Director at Moody’s Analytics. “Firms want to spend less time and resources on the spreading process—while preserving the quality of data. With the QUIQspread tool, we are helping make that possible.”