Crowe broadens banking technology portfolio with the launch of Crowe CX for Financial Spreading

CHICAGO (August 27, 2024) – Crowe LLP, a public accounting and consulting firm, has unveiled Crowe CX for Financial Spreading, amplifying the firm’s suite of technology offerings designed for the financial services industry. The new solution streamlines the entire financial spreading process by utilizing patented technology that has been proven to transform financial statements and tax returns into machine-readable files that are automatically imported into the solution after borrowers upload their statements into the accompanying portal. 

“At Crowe, we are leveraging our deep expertise in banking to enable quicker and more informed decisions for our clients,” said Brookton Behm, managing principal of the Crowe financial services group. “With the addition of Crowe CX for Financial Spreading to our Crowe CX Lending Suite, we are adding key functionality that can accelerate our clients’ commercial lending transformation journey through increased productivity, improved client experiences, and reduced risk – enabling our clients to concentrate on building relationships and refining the lending process.” 

Built on the Microsoft Dynamics 365™ platform, Crowe CX for Financial Spreading reduces manual data entry with automation technology. The solution can help to dramatically cut down on human errors and inconsistency through automation, while also increasing throughput. It is bundled with a managed service, where a Crowe team of spreading specialists handle any spreading exception. This results in stronger, faster decision-making and a more manageable and confident lending process. 

“Crowe CX for Financial Spreading reduces the delays and accuracy challenges that are inherent in outdated manual methods and allows commercial lenders to build an on-time and complete picture of risk and borrower health,” said Michael Budinger, Crowe commercial lending transformation leader and financial services principal. “By automating the financial spreading process, lenders can be responsive and spend more time focusing their efforts on providing impactful, personalized service to borrowers.” 

The new solution is part of the Crowe CX Lending Suite, a portfolio of solutions designed to automate and make more efficient the jobs to be done for lenders, while delivering an enhanced experience to foster better borrower-lender interactions. These solutions have embedded customer relationship management capabilities enabled by Microsoft Dynamics 365, allowing for seamless connectivity and interaction with other Microsoft 365™ applications lenders already use and trust, including Microsoft Teams™, Outlook™, Word and Excel™.   

For more information, visit Crowe CX for Financial Spreading. 

About Crowe  
Crowe LLP is a public accounting and consulting firm that uses its deep industry expertise to provide audit services to public and private entities. The firm also helps clients make smart decisions that lead to lasting value with its tax and consulting services, helping businesses uncover hidden opportunities in the market – no matter what challenges the markets present. Crowe is recognized by many organizations as one of the best places to work in the U.S. As an independent member of Crowe Global, one of the largest global accounting networks in the world, Crowe serves clients worldwide. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.  

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