Spreadsmart: An Automated Application to Extract Data From Financial Statements
Patented technology for faster data extraction
70% faster data extraction of financial statements.
Proprietary algorithms and powerful OCR for high accuracy
Extract data from scanned low-resolution documents.
API-enabled easy integration
Flexible and configurable to off the shelf platforms and client’s own models.
Patented Technology that Enables Faster Data Extraction
- 70% faster data extraction from financial statements; overall reduction in time taken for credit risk assessments, financial modeling and due diligence processes
- Ability to extract financial data from native PDF, scanned PDF, MS Excel in multiple languages.
- Reduces time spent on quality assurance of extracted data points by 15% due to seamless online and offline auditing.
- Powerful OCR technology handles scanned and low-resolution documents, resulting in 99.6% data accuracy.
- Proprietary algorithms adapts to the client’s needs, and further improves the overall data accuracy.
- Enables setting up of custom rule sets for treatment of financial line items to increase consistency in the credit process.
- Designed to integrate efficiently with other platforms and customized models, without needing to commit to a massive overhaul.
- Both on-premise and cloud-based solution deployment options available, regardless of the size of the organizations.