Challenge
Add Working Capital, is a UK-based inventory finance specialist that emphasises non-bank, entrepreneurial, and disruptive technology-driven working capital solutions. Their offerings include direct dealership stocking and inventory finance, along with manufacturer-backed dealer stock finance programs tailored and delivered to SMEs with speed and flexibility.
Applications for financing were growing month-on-month, fueled by increased demand from SME dealers needing fast access to working capital to grow their Inventory. Existing credit assessment process was becoming a major bottleneck for the team due to the following challenges:
- Manual financial documents review taking hours and days
- Manual financial spread and ratio computation in Excel leading to human error or biases.
- Fragmented data and resource-intensive assessment process slowing decisions.
- Incorrect credit assessment with limited information.
- Too much time spent pre-qualifying and pursuing the wrong deals.
Solution
Faced with a growing deal origination pipeline and the above challenges, Add Working Capital recognized the need for a transformative AI solution to simplify their commercial credit analysis and assessment process. After experimenting with other AI credit assessment platforms, the company turned to Crediflow AI.
Following an initial assessment of their problem and a demo of our solution, Add Working Capital was keen to give it a try. A few weeks of pilot helped the company build confidence in our product, and this turned into a full deployment and implementation which took less than a week to complete with the relevant team fully onboarded.
Our platform was able to provide the following benefits:
- Intelligent automation at the core
With a streamlined workflow, Crediflow eliminated the most labor-intensive aspects of their risk assessment process, seamlessly automating data collection, financial statement spread, ratio calculation, and risk scoring computation from financial statements.
- AI data aggregation and financial spreading
Crediflow leveraged LLMs and AI agents to consolidate unstructured data from financial statement documents, registries, open source, and third-party systems into a single 360-degree risk view of a client.
- Comprehensive credit analysis and custom scoring model
AI-driven models delivered consistent and unbiased credit assessments, analyzing financial trends, cash flow and liquidity, asset inventory, and industry and market risk. In just minutes, the platform generates a tailored, structured credit memo, enabling faster, smarter, and more informed decisions.
- Collaborative platform built for scale
The platform enables the team to collaborate in real time on credit applications. This eliminated the need to share files and discuss cases via email, which created too much back-and-forth and slowed credit decisions.
Results
Improved efficiency and cutting lead times by 90%
Since implementing Crediflow, the team has achieved measurable improvements:
- 5-minute processing time
Crediflow reduced the average application review time from hours or days to just 5 minutes, allowing the team to handle increased volume efficiently and grow their loan book.
- 10x scalable operation
The team was able to access the platform and process dozens of applications at once with 95% less manual effort, enabling them to scale without increased resources.
- Accuracy improvement
By automating financial data computation and analysis, Crediflow reduced human error by 99%, ensuring consistent and reliable credit assessments every time.
- Improved borrower satisfaction
Faster assessment and improved deal qualification led to quicker, more accurate credit decisions, which drove higher borrower engagement and satisfaction.
Looking ahead
Add Working Capital's collaboration with Crediflow has transformed their credit operation and fully aligns with the lender's vision to provide fast, flexible, tech-driven finance solutions to their customers. But they're just getting started. With a strong foundation in place, our collaboration is expanding to enable the lender to further streamline their entire credit workflow and internal risk management process with the following:
- Integrating additional third-party data for more up-to-date, forward-looking assessment.
- Developing industry-specific risk models for tailored credit risk scoring.
- Implementing real-time portfolio monitoring to proactively manage risk.
- Expanding the document analysis framework to handle an even wider array of data sources.
The above functionalities are currently in development and will be released in the coming months. This will help further accelerate Add Working Capital's growth and support their future ambitions.