Financial Statements

Financial Statements AI

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The Challenge

Analysing financial statements in the financial services industry is a notoriously time-consuming and cumbersome task. Financial statements are lengthy documents, especially when contained in annual or quarterly reports. Using technology to extract complex tabular data generally fails due to variability in page structures.

Many businesses instead rely on employees to trawl the statements and extract the required data. However, manual data extraction is a long-term drain on resources for organisations that should be prioritising strategic initiatives (not to mention extremely tedious for employees).

The Solution

We’ve worked closely with firms across financial services to simplify statement analysis. The result? An advanced and well-trained AI tool that can understand acute financial terminology like a seasoned accountant. Financial Statements AI captures data from financial statements, leveraging it to compute key metrics. The data can then be downloaded as an Excel file instantly.

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Examples of what Financial Statements AI can calculate

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Cash and Cash Equivalents

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Marketable Securities

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Inventories

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Accounts Receivable, Net and Other

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Total Current Assets

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Total Current Liabilities

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Total Shareholder Equity

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Gross Profit

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OPEX

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EBITDA/EBIT

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Short-term Debt

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Long-term Debt

Features

Post-processing rules and calculations

Documents are automatically classified according to type e.g. balance sheet or income statement

Sophisticated handling of units and currency for each extracted monetary value

Ability to make value adjustments

Functionality

Self-service with unlimited support from our acclaimed customer service team

Process large documents e.g. annual or quarterly reports simultaneously

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Why do our team think Financial Statements AI is special?

Pricing

We're proud to price transparently, with no hidden costs.

Data extraction costs £1.50 per page, and classification costs £0.10 per page.

If you would like to extract from multiple document types (e.g. bank statements, invoices or contracts), please book a demo.

Why Financial Statements AI?

☑️ A custom-built solution for financial statements

☑️ Simple, adjustable user interface (UI)

☑️ Support for multiple uploads

☑️ Support for poor-quality scans

☑️ No hidden costs

Explore Use Cases via Industry

Case study
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A real-time feed of the shareholders of all UK companies for Dun & Bradstreet

2022 - present

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Read more:

Case study
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Asset Manager saves 75% of costs for data extraction from quarterly reports

2022 - present

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