Financial Spreading Automation

Power your spreading process, make better credit decisions & optimize employee efforts.

Request a demo

Fast, accurate spreading & analysis across standards and formats

Reduce Spreading Turnaround Time

Reduce Spreading Turnaround Time

AI powered extraction of granular details from non-standard tables, notes & description text across report type formats, standards in a fraction of time.

Minimize Financial Risks and Errors

Minimize Financial Risks and Errors

End-to-end automation with spreading models trained on millions of financial tables; and easily configurable spreading templates, avoiding manual errors

Streamline Financial Analysis Process

Streamline Financial Analysis Process

Automatically extracts and normalizes data from any financial statement; instantly calculates ratios, and produces output in dashboard or widget formats.

Improve Investment & Credit Decisions

Improve Investment & Credit Decisions

Spread financial documents from multiple financial statements across companies to enable comparative analysis for competitive insights.

Powerful Spreading Automation Platform.

AI-powered extraction of 1000s of granular data points across financial documents, normalization and insightful analysis – to improve the quality of financial decisions.

Capture

For automated Extraction

AI-powered extraction of financial data from various financial documents of different reporting standards, languages from multiple sources – regulatory or company site, FTP etc; with semantic understanding of data points extracted from tables, text, footnotes, description etc.; based on pre-trained models and easily configurable spreading templates. Expensive subject matter experts can be leveraged for strategic work rather than tedious, manual data entry and analysis.

Search

For Seamless Search

Powerful vertical search engine that queries financial tables and running text across documents to return results based on relevant search filter – to enable credit, finance, accounting teams with relevant data for decision-making.

Analyze

To accelerate decision making

Customizable, interactive dashboards produce reports in form of interactive graphs and charts, matrices and heat maps to augment insights and drive informed credit, investment and other critical business & financial decisions.

Automate

To maximize efficiency

Workflow management and integration (via APIs, webhooks) to downstream/upstream financial and accounting or other systems.

Why choose Botminds Financial Spreading Automation Solution?

keypoints

Automatically extract and normalize data from any financial spreads, tax audits, 10-Ks, 10-Qs, and other documents in minutes.

keypoints

Set up intelligent crawlers to load new annual reports or filing automatically.

keypoints

Point and click configuration, no-code AI with simple intuitive interface

keypoints

Up to 100% accuracy that improves over time with prebuilt taxonomies, models & self-learning.

keypoints

Enables side by side comparison of financials over time periods to infer trends and insights.

95%

Accuracy

75%

Time Saving

8x

Productivity

75%

Reduced Manual Work

Frequently asked questions about Spreading process automation

Still have questions?

Please chat with our support team.

CHAT WITH US

Accounting standards differ by countries and regions as they have evolved based on the historical norms, legal and taxation procedures.

The US Generally Accepted Accounting Principles (US GAAP) is not followed across the world. The International Financial Reporting Standards (IFRS), currently followed by 120+ countries, was derived based on guidelines provided by the London-based International Accounting Standards Board (IASB) - to have an international accounting framework.

There were over 15+ IFRS and 20+ International Accounting Standards as of 2019. The IAS will replace IFRS when it finalized by IASB.

All of this makes it challenging to compare and analyse financial statements of companies with cross-border commerce; or those across geographies – since it is largely manually and is an error-prone, tedious job. An AI-powered financial spreading automation platform such as Botminds AI is designed to address this very challenge.

Restatements (and remediations) can be triggered due to wrongly applied complex accounting or taxation rules such as acquisitions, revenue recognition; errors in classifying cash flows; revisions in estimations (e.g. depreciation of assets); and gaps in internal controls. Adoption or changes in systems used such as ERP, Accounting software etc. - may also lead to need to remediation of financial processes and statements.

Botminds can handle any PDF documents (scanned or digital). In addition, the Botminds AI platform can extract unstructured data from financial tables or text on web pages, if any.

Your data is highly secure. Botminds platform was built with high degree of data security in mind. 2FA and role-based access controls are in place.

See Botminds Platform In Action

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