Crowe Studio.AI Innovation Series

Crowe uses AI to solve real-world problems for our clients and our firm through our external and internal AI teams. In this video, we feature a new AI solution developed by Crowe Studio.AI, our internal AI team that helps activate AI use within Crowe and add AI to existing Crowe technologies. This solution helps make processes more effective and efficient and provides an AI-enabled, human-centered approach especially for our financial services market.

How we developed an AI-powered credit analyst tool

We know credit analysts at financial services organizations spend significant time and effort drafting credit review narratives – a process that’s particularly daunting for entry-level analysts and often leads to high turnover rates. Our team developed an innovative AI-powered solution to help address some of the pain points in this process.

By overlaying AI prompts on financial statement spreads, the system can rapidly analyze income statements, balance sheets, and key ratios. Within minutes, it generates a comprehensive summary of important changes and, crucially, provides explanations for why these changes occurred. This solution allows credit analysts to quickly understand the underlying reasons for fluctuations in metrics such as current ratios or net income.

Problems to solve

• Time-consuming work: Credit analysts spend hours reviewing financial data to identify key changes and draft narratives.
• Difficulty explaining changes: Junior credit analysts sometimes struggle to articulate the reasons behind data fluctuations.
• High-volume workload: Credit analysts face pressure to review a large variety of cases in a short amount of time.
• Accuracy concerns: Manual analysis can be prone to errors and inconsistencies.

Solution snapshot

• Summaries in minutes: Our AI solution for credit analysts generates comprehensive summaries in minutes instead of hours.
• Clarity in changes: This solution provides the why behind the changes as well as clear explanations for shifts in a variety of areas, including key ratios, sales, and profitability.
• Improved efficiency and accuracy: AI-assisted analysis dramatically improves efficiency and helps analysts accurately process more credits and reduce corrections.

By addressing these pain points, our team’s AI solution helps transform the credit analyst role. Reducing analysis time from hours to minutes allows credit analysts to review up to 500 credits per month with greater ease. Additionally, AI-generated narratives bolster confidence throughout the review chain because the initial analyses are more accurate and require fewer corrections. Our solution empowers credit analysts to produce more insightful, accurate reports in less time and to focus on higher-value work, which can reduce stress and improve job satisfaction.