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Challenge
Our client, an enterprise risk management firm, had to manually populate financial models from 5 different document typessent by >500 applicants every month. Their in-house automation efforts hadn't yielded positive results.
Speed up your Financial Spreading process with 99% accuracy
- Extract data you need from balance sheets, corporate tax returns, income statements & other unstructured documents with just a single click.
- Free up your team's time with our pre-trained AI models that make manual data digging obsolete
- Make document review a breeze with our Human-in-the-loop review screen and validation checks.
No credit card required
Problem statement
Financial Spreading requires your finance team to manually extract data from documents like balance sheets & tax returns, leading to time-consuming tasks with a higher risk of errors.
What docs do we handle?
Balance sheets
Income statements
Corporate Tax Returns
1040 Forms
W-9 Forms
Profit & loss statements
Accelerate risk rating and credit decisioning with automated financial statement spreading
INSURANCE FORMS PROCESSING
Readymade APIs to classify financial statements from emails & scans
Ingest personal or corporate financial statements in PDF, images, scans, or Excel easily. Or, train your own API on your dataset without breaking a sweat. Automatically identify tables with financial data using our intelligent algorithms.
PRE-BUILT FINANCIAL SPREADING APIS
Agile APIs to scale your financial spreading in real-time
- Use our APIs to group similar data together and extract them in real time even from financial documents that are in different languages and currencies. Intelligently map line items from Profit & Loss accounts, balance sheets, income statements, 1040, W9, corporate tax returns, and more to your downstream CRMs and spreadsheets.
HUMAN-IN-THE-LOOP VALIDATION
Make the best use of OCR + human-in-the-loop
Validate your financial data with human-in-the-loop review for our self-learning algorithms to adjust for new documents or layouts. Free up valuable human effort for more important tasks in the financial workflows.
GET GRANULAR ANALYTICS
Make decisions faster with insightful data
Monitor patterns, get data for trend analysis and calculate financial ratios with ease. Integrate extracted data with existing finance and credit workflows for faster decision making.
Learn how an enterprise risk management firm achieved 99%+ field-level accuracy while processsing financial documents
Solution
Our intelligent algorithms helped them adapt to all the variations in these documents with minimal training. We helped them integrate with their existing software and pushed data with their matching schema similar to their financial models. Moreover, Docsumo's SOC 2 - TYPE 2 certification exceeded their security expectations.
Results
Our intelligent algorithms helped them adapt to all the variations in these documents.
99%+
Field-level accuracy
90%+
Touchless processing using smart validation rules
70%+
Processing cost reduced by automating workflow end-to-end
See how we can help your finance and operations team
Let's talk.
Docsumo's intelligent document processing enables you to extract data easily, efficiently, and accurately. Fill up the form to speak with an automation expert.
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