credX connects borrowers and capital providers for large-scale financing. Its digital B2B Financing-as-a-Service platform is actively used by renowned companies, hundreds of capital providers, and deal advisors, primarily in the real estate sector. Clients benefit from streamlined digital processes, a strong network on both sides, the expertise of transaction teams, and deep market insights from senior and mezzanine financing across all asset classes.
The Challenge
At credX, hundreds of PDF documents are reviewed daily—many of them unstructured, non-machine-readable, or in uncommon formats. Analysts manually process 50 to 100 documents per transaction, each with up to 100 pages, taking up to ten days per evaluation. This led to:
- High time investment in document review
- Risk of errors due to manual processing
- Dependence on a small group of experts with specialized knowledge
- Growing cost pressure to improve efficiency in evaluations
A modern AI solution was needed to optimize the review process without compromising quality, traceability, or security.
The Solution
credX turned to deepset, a leader in NLP solutions, who brought in Fakir Technology Consultants as a partner for AI integration. Together, we developed a tailored solution that combined advanced NLP technology with customized process optimizations.
The key steps included:
- Requirement Analysis & Workflow Design: In-depth evaluation of work processes to identify automation potential.
- Automated Document Processing: Classification of document types, automatic metadata extraction, and summarization of documents.
- Intelligent Analysis: Development of an AI pipeline that precisely extracts relevant information, significantly reducing manual review time.
- Rapid Memo Generation: Automated creation of detailed financing memos based on over 150 project-specific queries.
- User-Friendly Interface: Integration of a modern UI into credX’s existing workflows to improve usability.
The Result
The implementation led to significant improvements for credX:
- Time savings: Transaction reviews were reduced from several weeks to just a few days.
- Cost efficiency: Analysts became up to 40% more efficient.
- Higher quality: Improved accuracy and traceability of analyses.
- Market leadership: credX positioned itself as a pioneer in AI-powered real estate financing.
Through the close collaboration of deepset and Fakir Technology Consultants, credX successfully transformed its operational processes. This project demonstrates how businesses can unlock new market opportunities and significantly improve their efficiency through strategic partnerships and AI-driven automation.
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