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How does our document AI platform enhance financial planning and analysis?
In the realm of Financial Planning and Analysis (FP&A), timely and accurate data is paramount. Our Artificial Intelligence (AI) Optical Character Recognition (OCR) technology can transform FP&A workflows by automating the extraction of financial data from various sources, such as income statements, balance sheets,expense reports and more. AI OCR technology improves data accuracy by eliminating manual entry errors and enabling fast data processing. This accuracy and speed provide a robust basis for financial analysts to generate reliable forecasts, budgets, and financial models. Furthermore, this optimised data extraction facilitates quicker insights into financial health and allows more dynamic financial planning and strategic decision-making.
For instance, consider a company preparing its quarterly financial review. Traditionally, gathering all necessary financial documents and extracting relevant data manually would take considerable time and effort, leaving room for errors. Using our AI-powered OCR technology, the company can automate this entire process. Our parser scans financial documents, accurately extracts pertinent data, and integrates it into the company's financial analysis tools. This not only speeds up the review process but also ensures higher data quality, enabling more precise financial analysis and planning. Consequently, the company can make quicker, data-driven decisions to optimise financial performance.
Step 1
Upload your documents to Affinda directly to our app, or by integrating with email or document management platforms
Step 2
Our AI-powered OCR data extractor will automatically scan, extract, label and categorise the data on the documents in seconds.
Step 3
Export the data in a structured and usable format. Integrate our AI-powered OCR data extractor with any downstream system or platform to use your data where you need it most.
Step 4
Need an AI data parser customised to your specific business needs? Our expert team can build a model tailored to your business workflows that integrates seamlessly with existing processes.
Michael Zhao
AI Product Manager | SEEK
De-clutter your business processes with a solution that seamlessly consolidates a diverse range of data, reducing complexity in business workflows and promoting effortless, streamlined operations.
Leave the repetitive, menial tasks to the AI, and do what you do best - talk to real people. Resume parser, job description parser, and candidate search and match can free up hours in your work week.
Our solution delivers speed and accuracy, handling data processes in seconds and freeing your team from tiresome data input. This not only saves time, allowing focus on vital tasks, but also significantly cuts business costs.
Our solution streamlines data parsing, analysis and management, quickly transforming unstructured data into actionable insights. This boosts productivity and accelerates decision-making, driving business growth.
Innovative features that set us apart from the rest.
Superior accuracy
Over 20+ fields extracted
Supports multiple file formats: PDF, JPG, PNG
Highly flexible and customisable
Supports over 56 languages
Upload and extract in bulk
Self-learning models improve over time
Seamless upstream and downstream integration
Case Studies
Learn how other businesses are using our parsing solutions.
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Accounts Payable: Acume improve AP and AR workflows with AI
