Leading the way in innovation for over 50 years, we build greater futures for businesses across multiple industries and 131 countries.
Our expert, committed team put our shared beliefs into action – every day. Together, we combine innovation and collective knowledge to create the extraordinary.
We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
You have these already downloaded
We have sent you a copy of the report to your email again.
Financial spreading is the process of presenting financial information at a granular level to aid strategic functions. Currently, financial spreading is predominantly manual or at best a semi-manual exercise. Manual processes demand skilled resources and are expensive and error-prone which means that the analyses and inferences may not be reliable. This could compromise the quality of strategic business decisions underscoring the need for a higher degree of spread accuracy, which is where automation comes in. However, diverse technology stacks and non-standardized formats mean that conventional automation may not work. This paves the way for the adoption of an AI-powered financial spreading automation framework underpinned by natural language processing (NLP), robotic process automation (RPA), and machine learning (ML). With an AI-powered framework, banks can:
Find out more