This buy-side member from the financial industry is looking for a software solution to fully automate spreading of financial statement by automatically reading financial statements and entering the information into an industry leading financial analysis program. The OCR solution will need to be able to handle various financial statement types, multiple file formats and allow for sufficient customization of the data. In addition, it is expected that the solution will be able to learn through time based on user input where errors in formatting or calculations are present.
This solution would automate the process of FTEs taking financial statements from clients (CPAs, businesses) and re-entering the Financial statement data into a financial analytical program. The process is time consuming and does not add any value to the team of credit specialists who are doing the work.
Do you know of any managed services solutions or automation software to meet this need?