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Credit Memo Processing

Industry

Banking, Financial Services and Insurance

Services

RPA

Overview

The customer is a U.S based leading provider of multi-asset class data and research, delivered through innovative platforms, coupled with insightful analysis.

Challenges

  • Costly legal team required to assess credit documents
  • Time-intensive process required to update spreadsheets
  • Inaccuracies due to different language used by legal teams

Outcomes

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Speed and Efficiency – Reduction from 15 minutes ~ 2 hours to just 15 seconds

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Quality and resiliency – improved accuracy across all processes

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90% Reduction in the attorneys' fees