PNC Financial Services Group, Inc. Implements Harland Financial Solutions' CreditQuest® Financial Analyzer
Solution Will Provide Financial Statement Management, Analysis and Spreading Solution for Commercial Credit Management at all PNC Locations
LAKE MARY, FLORIDA (April 25, 2011) – 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.
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 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 its 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 also have the ability to configure our own financial models, do peer-group comparisons and create financial projections within the solution.”
“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.”
CreditQuest Financial Analyzer is part of Harland Financial Solutions’ CreditQuest credit management suite that brings together origination, financial analysis, underwriting, documentation, portfolio management and executive reporting. CreditQuest is used by leading financial institutions around the world to manage risk while improving productivity through the entire commercial credit lifecycle.
About Harland Financial Solutions
Harland Financial Solutions, Inc. (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. It is a leader in core systems, business intelligence, branch automation, payment processing, enterprise content management, lending, risk management, compliance, financial accounting, mortgage and self-service solutions. In December 2010, Harland Financial Solutions acquired uMonitor, expanding its capabilities in self-service and electronic payments. The company is an indirect, wholly-owned subsidiary of Harland Clarke Holdings Corp., which also owns Harland Clarke and Scantron.
The information contained in this press release is accurate at the time of publication. However, service offerings and availability, relationships, contacts and other specified information may change over time.