Simplify financial processes with financial data extraction tools

What is financial data extraction?

Data challenges for financial services

Extracting data from disparate sources

Ensuring high data quality

Handling large volumes of data

Adhering to regulatory requirements

Integrating data into various software

How does the financial data extraction tool work?

Extraction

Evaluation

Integration

Observation

  • Available attributes — These are attributes typically available in any industry financial report.
  • Good — The number of attributes in your documents that have correct values specified.
  • Bad — The number of attributes in your document that have the wrong values.
  • Not present — The number of attributes in your document that do not have any values mentioned.
  • Coverage — This specifies the coverage ratio for this process which is the number of attributes extracted / total number of attributes.
  • Accuracy — This evaluates the number of attributes that have been correctly extracted.

Conclusion

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