Multiple challenges were faced while manually analyzing financial statements with varied document types and a vast array of data types.
A solution that streamlines financial statement processing which reduces time investment, ensures data accuracy, and improves overall TAT.
Introduced Marvel.ai – An AI-based intelligent document processor
To automate financial statement processing operations that eliminated manual efforts and the outdated OCR technology.
With its cutting-edge AI and ML algorithms, Marvel easily analyzed information from different financial statements and the advanced NLP algorithms effectively interpreted handwritten texts, images, and machine-generated data types.
Human-In-The-Loop and template-less processing for quicker document analysis
End-to-end automation at scale
Elimination of repetitive tasks
Custom data repository to improve the accuracy of >95%
Substantial reduction in processing time from 8-12 hours to just 5 minutes.
Real-time visibility into financial data
Quick identification of anomalies in financial statements
Immediate commencement of processing without the need for data scientist assistance.
Releasing human resources for higher-value tasks
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