Harland Financial Solutions announced today that PNC Financial Services Group, Inc. (PNC) has implemented CreditQuest, Financial Analyzer as its financial statement management, analysis and spreading solution for commercial credit management.
PNC is one of the nation's largest diversified financial services organizations, providing retail and business banking; residential mortgage banking; and specialized services for corporations and government entities, including corporate banking, real estate lending, wealth management and asset management.
PNC implemented CreditQuest Financial Analyzer for financial statement spreading and analysis for commercial lending at all of their locations. "We are pleased with the flexibility of CreditQuest Financial Analyzer," said Mike Lego, senior manager, PNC. "We are able to standardize our financial analysis process while accessing a full range of analysis capabilities that fit our financial institution's needs. We are able to configure our own financial models, do peer-group comparisons as well as create financial projections within the solution."
CreditQuest Financial Analyzer performs advanced financial statement management and analysis. It enables financial institutions to configure their financial models to support a wide range of analysis including commercial and individual, while providing more accurate and consistent data. With flexible financial analysis tools, CreditQuest Financial Analyzer helps reduce time and improve accuracy throughout the financial statement analysis process.
"PNC has used Harland Financial Solutions' LaserPro for compliant loan documentation for many years," said Scott Hansen, executive vice president of business development, Harland Financial Solutions. "We are pleased to expand our relationship with PNC to include its implementation of CreditQuest Financial Analyzer to further aid its commercial lending strategies."