NEWS | For Immediate Release
NEW YORK, January 17, 2020 – 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.
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."
Join our webinar on February 6 to learn more about how the QUIQspread and CreditLens solutions can help your institution make better, faster decisions.
Click here for more on the QUIQspread tool.
Click here for more on the CreditLens tool.
About Moody’s Analytics
Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs. For more information about Moody’s Analytics, visit our website or connect with us on Twitter or LinkedIn.
Moody's Analytics, Inc. is a subsidiary of Moody's Corporation (NYSE: MCO). Moody’s Corporation reported revenue of $4.4 billion in 2018, employs approximately 10,900 people worldwide and maintains a presence in 44 countries.