Business Cases

Report Analysis

The Client

Large Financial Organization

Business Challenge

Our client asked for help with automation of financial reports processing. The credit department of an international bank performs risk re-evaluation/assessment based on financial reports. Changes in geographic business diversification were used as input for the scoring system. Manual report analysis was a laborious process that caused delays in information extraction and extra management costs.

Our Solution

A custom software solution was developed to address this challenge. The system uses the power of open source components and allows an analyst to easily identify whether a company in due diligence has any business in a region. UX design enables an analyst to focus on important information, skipping irrelevant and advertisement pages in reports.

Benefits

  • Processing speed was boosted from 1-3 days per report to <3 minutes per report, which equals ~180 times improvement
  • Team size was reduced: now 1 person handles duties of 9 people
  • Accuracy does not decrease with time: a computer does not make mistakes because of being ‘tired’
  • Reports from previous years can be compared with current versions and changes can be tracked