features;
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Web-based capturing of annual reports
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Conversion of scanned document to digital PDF
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Check the quality of scanned documents for processing.
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Extraction of data in customized format for analysis
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Side by side comparison with the original content
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Secure Platform for Rapid Development
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Language Translation Process
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System Integration with on Premise Server
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Capturing of Financial Statements Data, B/S, I/S, Notes to
Accounts
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In the banking and financial services industry, review and analysis of financial statements
form the foundation of several strategic business decisions. Spreading of financial
statements is the process of presenting financial information in a format favorable for
analysis and risk identification.
TOO MANY FORMATS TO HANDLE MANUALLY
Currently, each company creates its own discrete items in a chart of accounts, resulting in
a high number of non-standard account labels. Also, accounting standards vary from company
to company and country to country, making cross-country evaluation of financial data
challenging.
To complicate matters further, the financial statements that companies must submit take many
different forms, including electronic files, spreadsheets, PDFs, and scanned documents. This
makes gathering, extracting, and normalizing the data for business and risk decisions,
complex and cumbersome.