Are you tired of spending hours poring over financial statements only to miss critical insights? Many lenders often face the same struggle, leading to wasted time and potential losses. Without the right tools, analysing financial data can feel like finding a needle in a haystack. However, integrating financial statement analysis software into your lending process […]
Decoding Consumer Behaviour: Unraveling Its Impact on Financial Statement Analysis
A customer’s habits play an important role in determining their financial trajectory. For instance, the inability to pay EMIs on time can have an impact on one’s credit score, net worth, assets, and debt. Access to such vital data related to past customer behaviour can help businesses predict future conduct. In particular, adopting technologies like […]
Common Pitfalls in Reading Bank Financial Statement PDFs (And How to Avoid Them)
Financial statements offer insights into the health of an individual or a business. Lenders can extract valuable information from bank financial statement PDFs to aid them in their lending decisions. Automation has replaced manual analysis of financial statements for many lending businesses, helping reduce the time and effort required to extract, organise, and interpret data […]
8 Ways Bank Statement Analysis by Precisa Can Accelerate Productivity
Productivity levels are an important measure of success for ambitious lenders looking to build a long-lasting, profitable business. A recent survey indicated that seven out of every 10 employers prioritise the quality of work, while performance indicators such as targets and project completion on time are considered to be primary indicators of productivity. As more lenders […]
Streamline Bank Statement Analysis with Python and AI: Faster, Smarter Decisions
Scaling a lending business presents a significant dilemma: higher loan volume increases potential profits but also the risk of default and fraud. Thorough risk assessment is essential, yet the sheer number of loans can make this process overwhelming. Lenders that embrace the benefits of technologies such as automation, Artificial Intelligence (AI), and Python can strengthen […]
Key Metrics in Different Financial Statement Analysis for a Bank Loan
Lenders generally need to cross-examine the applicant’s financial strengths and weaknesses before approving a loan application. Financial statement analysis helps them make these decisions; it involves evaluating an applicant’s financial statements to assess their financial health and determine their creditworthiness. This includes information about the borrower’s assets, liabilities, income, and expenses. Financial statement analysis for a […]
Bank Statement Analysis Time Reduced: Power of Precisa’s API
Extending credit inherently often carries risk for lenders, such as: Borrower’s inability to repay due to job loss, unexpected expenses, or poor financial management. Economic downturns can lead to increased defaults across an entire portfolio. Lenders may fall victim to identity theft or false information provided by the applicant. Many lenders rely on gaining deeper, […]
Calculating DPD in Finance: Guide to Analysing Delinquency
As India’s lending ecosystem becomes increasingly digital and data-driven, monitoring borrower behaviour has never been more critical. With the Reserve Bank of India reporting a moderation in retail credit growth to 16.6% in June 2024—down from 21.3% the previous year—banks and NBFCs are placing greater emphasis on early risk detection and delinquency tracking to protect […]
Financial Analyzer Software: 6 Indispensable Features to Look for
The dynamic and evolving business landscape has compelled companies to leverage technology, such as financial analyzer software, to streamline operations and boost business deliverables. With data analysis and software-as-a-service or SaaS taking centre stage in recent years, businesses that have embraced these innovations have gained the upper hand over their competitors. Additionally, businesses that stay […]
What Are the 5 Key Components of Financial Data Analysis?
Access to relevant data is a growing need for businesses that must make several daily decisions that impact their business outcomes. This survey from 2020 indicates that countries like the USA, Germany, and India are shifting towards data-driven decision-making. Financial data, in particular, plays a significant role in helping businesses determine the most suitable way […]