9 Ways to Use ShareFile AI in Banking and Finance Documents

Bankers, wealth managers and investors: Have you tried ShareFile’s AI document assistant? If not, you’re missing out. This powerful tool lets you extract key insights from large documents in seconds.

We’re talking hours of manual reading or skimming transformed into a single click or query. Here’s how it works:

When viewing a document in ShareFile, you can click the “AI assistant” button to pull up four options.

• Summarize the document – Instantly condenses the information within your document into a concise summary.
• List the main points – Extracts the main objectives covered in the document, listed in order.
• Find action items – Quickly identifies any action items that might need to be completed or reviewed.
• Ask a question – Prompts the assistant to scan your document for fast answers to any question, complete with citations that take you directly to the source of information.

No, the AI document assistant won’t do your job for you. But it will free you to focus on high-value activities like building client relationships and strategic planning. As one treasury services provider put it:

“Manual summarization is slow and unreliable. ShareFile delivers instant, accurate summaries, streamlining decision-making and easing the mental load on senior staff—saving time and effort.”

Ready to make the most of this powerful ShareFile feature? Let’s look at several ways you can start using it today.

AI Document Assistance Ideas for Banking Professionals

In an industry known for substantial documentation requirements, ShareFile’s AI-powered document assistant is a great way to save time and improve accuracy. For example, you can use it to:

Analyze Compliance Documents in Seconds

Lengthy regulatory document? Overwhelming policy updates? Upload those files to ShareFile and use the assistant to summarize and compile key takeaways. This allows you to identify important compliance requirements without having to scour dozens or hundreds of pages. It’s a great way to stay up-to-date on regulatory changes, minus hours of manual work.

Extract Key Information from Agreements

When dealing with complex loan agreements, investment contracts or service agreements, use the "Ask a question" feature. Then ask about specific terms, conditions, clauses or obligations. The assistant will scan the entire document and surface specific information within seconds, whether you need to communicate it to a client or update your own records.

Process Internal Documents Faster

Your team no doubt faces dozens of documents on a regular basis—audit reports, meeting minutes, examination findings … and the list goes on. ShareFile’s AI document assistant is especially handy when it’s time to review these files or conduct internal audits. Simply select "Find action items" to highlight critical tasks or requirements. This makes it much easier to prioritize follow-up actions and address important compliance issues.

AI Document Use Cases for Wealth Managers

Looking for a way to spend less time processing documents—and more time on client relationships? ShareFile’s AI document assistant is for you. For example, you can use it to:

Conduct Investment Research

Upload market research reports, economic outlooks or investment prospectuses to ShareFile. Then use the "List the main points" and "Summarize the document" features. These options allow you to instantly distill key investment insights into digestible snapshots. It’s a great tool to use when you face large volumes of research and want to make informed investment decisions for your clients—without devoting hours to reading the full documents word for word.

Review Client Financial Plans

When reviewing comprehensive financial plans or estate planning documents, use the "Ask a question" feature to quickly locate information relevant to your client's specific situation. For example, you could ask, “What are the tax implications for the trust structure in this plan?” to immediately access the relevant sections.

Analyze Portfolio Performance

Time for performance analysis? Upload your quarterly performance reports and use the AI document assistant to extract key performance metrics and trends. Better yet, ask specific questions such as "How did international equities perform compared to domestic investments?" You’ll get the answer instantly, reducing the time it takes to prepare for client meetings with precise insights.

Your team no doubt faces dozens of documents on a regular basis—audit reports, meeting minutes, examination findings … and the list goes on. ShareFile’s AI document assistant is especially handy when it’s time to review these files or conduct internal audits. Simply select "Find action items" to highlight critical tasks or requirements. This makes it much easier to prioritize follow-up actions and address important compliance issues.

AI Document Assistance Suggestions for Investors

ShareFile’s AI-powered assistant is especially helpful for large-scale investors and venture capitalists. It whittles down the time you’d normally devote to deciphering large volumes of documentation—especially when evaluating multiple investments—to a seconds-long process. For example, you can use it to:

Accelerate Due Diligence

Upload comprehensive due diligence reports, business plans or market analysis documents to quickly extract critical information about potential investments. You could use the "List the main points" option to quickly extract key information. Or ask a targeted question such as "What are the key risks identified in this company's supply chain?" to surface critical insights in seconds.

Quickly Analyze Memos And Memorandums

The AI document assistant is an ideal tool to use when evaluating multiple investment opportunities. For instance, you could use it to compare term sheets or investment memoranda—just ask specific questions about deal structures, liquidation preferences, governance rights or exit provisions. This allows you to identify favorable or concerning terms across numerous potential deals, much faster than you would by manually comparing complex legal documents.

Conduct Portfolio Performance Reviews

Do you manage numerous portfolio companies? Use ShareFile AI tools to help process quarterly business updates, board presentations and financial reports from multiple investments. By asking targeted questions, you can quickly prepare for board meetings and identify which companies require additional attention or resources.

Start Using ShareFile’s AI Document Assistant Today

The scenarios above show how ShareFile's AI document assistant empowers financial professionals to focus on high-priority tasks and make more informed decisions. But these are just the start. Any time you need to find information within a document, the AI assistant is there to do the heavy lifting for you.

To get started, simply navigate to the content viewer of the document you want to review in your ShareFile account. Then select the AI assistant button in the upper-right corner.