The Overview
Stock statements are a critical component in corporate lending, but for one global bank, the process of reviewing and approving these documents was manual, time-consuming, and error-prone.
To solve this, Creatyfit Consulting designed and implemented the Stock Statement Automation Process (SSAP)—a cloud-native solution that drastically reduced processing time, minimized risk, and streamlined multi-tiered approvals.
Built on Microsoft Azure, the SSAP platform uses OCR intelligence, automated workflows, and real-time notifications to bring transparency, speed, and control to financial document handling—paving the way for faster loan disbursals and better customer experience.
The Challenge
Industry: Global Banking & Financial Services
Use Case: Loan Processing, Document Automation
Pre-Implementation Scenario: Manual reviews, Excel macros, email-based approvals
Key Challenges
High Manual Intervention: Each statement required manual data extraction from PDFs and spreadsheets
Slow Processing: Over 5 minutes per document, including Excel-based entry and approvals
Frequent Errors: Human error in transcription affected decision accuracy
Delayed Loan Approvals: Cumbersome workflows led to customer dissatisfaction
No Centralized Oversight: Lack of traceability or visibility across approval stages
The bank required a secure, scalable, and intelligent system that could handle document variability, improve accuracy, and reduce loan processing turnaround times.
Our Approach
User-centric automation. Scalable transformation.
Our approach began with a deep dive into the bank’s operational workflow, examining how documents moved from customer submission to final loan officer approval. We collaborated with business, operations, and technology teams to map inefficiencies and define automation opportunities.
We focused on designing a solution that would:
Automate extraction and validation of financial data from diverse formats
Digitally route documents through hierarchical approvals
Maintain full traceability for audit and compliance teams
Ensure scalability for regional deployment and future expansion
The Solution
Stock Statement Automation Process (SSAP)
The SSAP platform was developed and deployed on Microsoft Azure, combining intelligent document processing, cloud security, and a modular, scalable design.
Technology Stack & Methodology
- Azure DevOps for CI/CD and streamlined build cycles
- Azure Document Intelligence (OCR) for extracting structured data from unstructured files
- Agile & Lean delivery model with Kanban tracking and sprint-based rollouts
- Full alignment with Azure security standards and DR protocols for business continuity
Key Functional Features
Automated Document Upload & OCR Extraction
Customers upload stock statements (PDF/Excel); the system reads and maps key financial fields automatically, eliminating manual data entry.
Digital Approval Workflow
Statements are routed through a multi-level approval hierarchy. If the data is within policy thresholds, approvals are auto-triggered.
Real-Time Notifications & Logging
Every approval, rejection, or follow-up generates automated alerts, with complete logs maintained for transparency and compliance.
Admin Control & Role-Based Access
Admins can manage users and permissions easily with built-in RBAC capabilities. Data security and access control are enforced by Azure’s native governance tools.
Stock Statement Automation Lifecycle
The Impact & Outcomes
90%+ Reduction in Processing Time
What once took 5+ minutes now takes under 30 seconds—dramatically accelerating loan approval cycles.
Improved Data Accuracy
OCR-based data extraction replaced manual entry, significantly reducing errors and increasing confidence in loan decisions.
Faster Turnaround Times
Automated routing and real-time alerts streamlined multi-tiered approvals and cut customer wait times.
Increased Operational Capacity
Freed from manual processing, the bank’s teams can focus on strategic and risk-related work.
Scalable Across Geographies
Currently rolled out in four cities, the platform is designed for rapid replication across branches and geographies.
Strategic Takeaway
In high-stakes financial operations, reducing manual touchpoints and accelerating decisions isn’t just about efficiency, it’s about competitiveness. The Stock Statement Automation Process is a model for how banks can use intelligent automation to scale operations, improve accuracy, and enhance customer trust in lending workflows.
Looking to modernize financial workflows in your organization? Let’s design a solution that delivers speed, control, and clarity at scale.
Digitizing Stock Statement Processing for a Global Bank
A global bank partnered with Creatyfit Consulting to digitize and automate its stock statement processing workflow, a critical step in corporate loan approvals. The result: a secure, Azure-based solution that reduced processing time by over 90%, eliminated manual errors, and accelerated lending operations across multiple regions.