Extreme effort and manual revisions result in losing track of data during financial statement analysis
Whilst processing financial statements in the capital market industry, the data quality deteriorated during transfers between departments. As a result, the client wanted to digitize financial statement information and convert it into a structured format for further analysis. This was necessary to make investment decisions and performance reporting faster, more accurate, and on time.
Quick Financial Statement Analysis, Saving Time and Streamlining Tasks
Dolphin.ai’s template-less financial statement processing accurately extracted data from an infinite number of pages using AI algorithms to read and understand various portfolios. This AI document processing software enabled quick statement analysis to make precise decisions and report performances on time.
Accurate Data Collection
Dolphin.ai prevented data quality breaches during data transfer by tracking and automatically updating all revisions.
- Reduced turnaround time- speeding up data extraction 15x faster
- Automated manual tasks, allowing auditors to focus more on analysis
- Increased data accuracy to over 90%
- Improved data quality to over 80%