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Financial statements play varying roles across different brokerage services (e.g., commercial finance, insurance). However, one challenge remains constant: making sense of the complex data contained in the document.
Many brokerage processes involving financial statements are still manual, such as extracting, verifying, and analysing data. Manual work is time-consuming, decelerating thorough due diligence and financial health assessments (and blocking timely communication with clients). Rather than exploring how a potential deal feels, brokers must instead often contend with the minutiae of financial data.
Automating financial data processes has two key advantages: cutting time and increasing data accuracy. Financial Statements AI, powered by state-of-the-art AI, is our solution for time-pressed, accuracy-conscious brokers.
By unlocking the raw data, Financial Statements AI offers a clear lens at a company’s profitability, liquidity and debt-to-equity. Our AI algorithms parse the uploaded balance sheets and income statements, quickly extracting data. Then, the AI algorithms compute the extracted data to calculate key financial ratios, such as Operating Expenses (OPEX), Earning Before Interest and Taxes (EBIT) and Cost of Goods Sold (COGS).
In summary, our solution extracts and calculates financial statement data, delivering it promptly to busy brokers. Try Financial Statements AI for free today.
