Cerebreon launches affordability tool

Cerebreon has launched a new automated affordability tool, enabling insolvency practitioner and debt management firms to complete fully compliant I&E reports in less than 5 minutes.

The company says that it uses pioneering machine learning technology to automate I&E production and reporting processes for insolvency practitioner firms.

Gillian Doyle, CEO Cerebreon said “Cerebreon’s digital Income and Expenditure tool processes paper documents such as bank statements, payslips and P60s, using artificial intelligence to automatically categorise transactions, highlight unusual behaviours and remove a substantial amount of resource involved. This radically streamlines the I&E process at both the Nominee and Annual Review stage. We have also integrated Open Banking data feeds through an exciting new collaboration with Ducit.ai.” 

“Our I&E tool has all the power of our comprehensive insolvency platform that has now processed over 15 million debt documents. It’s our mission to support the debt industry for IPs, debt management firms and consumers alike with the powerful benefits of automation to speed up processes and reduce costs.”