Botminds Business Guide for Financial Operations

Automatically extracting values from financial tables and notes and mapping to custom taxonomy

/AssistedEarningsReleaseCommentary/puzzle (1).svg

A large American financial services & rating agency had to Process ~200 thousand annual reports of banks

Challenge

Around 2 million pages in 10+ languages and in multiple reporting formats & styles

Around 2 million pages in 10+ languages and in multiple reporting formats & styles

High variations in the descriptions and line items that need to be mapped to a single taxonomy

High variations in the descriptions and line items that need to be mapped to a single taxonomy

Data normalization and transformations are needed post extraction, 100+ trained analysts performing manual tagging

Data normalization and transformations are needed post extraction, 100+ trained analysts performing manual tagging

Quality is critical as it powers some important financial models

Quality is critical as it powers some important financial models

Botminds Solution

Leveraging the pre-trained table understanding and financial statement understanding models to deliver the first version of the solution within days.

Leveraging the pre-trained table understanding and financial statement understanding models to deliver the first version of the solution within days.

Trained the client’s SMEs on Botminds AI platform. SMEs used point & click interfaces from day 1 to improve the accuracies.

Trained the client’s SMEs on Botminds AI platform. SMEs used point & click interfaces from day 1 to improve the accuracies.

Upstream and downstream custom integrations made to make Botminds AI to work seamlessly with client's current workflow

Upstream and downstream custom integrations made to make Botminds AI to work seamlessly with client's current workflow

Results

90%
Accuracy

Botminds AI to transform Any Complex Annual Reports to structured data in minutes

60%
Improved Efficiency

Ready Bots for Production with Preloaded models from 1000s of annual reports

4x
Productivity Improvement

SMEs time and efforts are reduced by landing on the relevant table and quick review

100%
Scalable

Any industry and any type of annual reports key data extracted with ease

See Botminds Platform In Action

Learn how Botminds Intelligent Document Process can drive ROI, reduce costs, and save time for your business.

+1