Spreading Process Automation

Automatically extract 1000s of data points from annual reports – comprehend tables as well notes

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

Challenge

50k + annual reports to be processed every quarter across many geographies & industries.

Multiple regulatory standards, conventions and language patterns used.

Industry specific variations in the data points

Extract granular details from non-standard tables as well notes & description text.

Customized industry specific AI models for client taxonomy.

Leveraged pre-trained Botminds Table understanding core models & financial documents reader models.

Annual reports converted to the client expected structure immediately

80%

Accuracy

Working AI models with 80% accuracy in two weeks with continuous improvement.

75%

Save Time

Reduction in time spent to do one spread reduced to 2 hours from 6 to 8 hours.

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's extracted with ease

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