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ProSpread™ automatically extracts and spreads relevant data from PDF financial statements, by leveraging Natural Language Processing combined with Optical Character Recognition.
Eliminate the time-consuming process of manually inputting financial statement data into your tools with ProSpread, a powerful workflow solution for automatically extracting and spreading data from financial statements using natural language processing combined with optical character recognition.
Manual data extraction from counterparties’ financial statements is costly, inefficient and error-prone. Workflows are often limited by a lack of integrated spreading capabilities with internal/third party workflow systems. Additionally, corporations, banks, investment managers and banks alike run into issues with storing extracted data, determining effective permission settings, and protecting proprietary data. On top of this, analytical insights drawn from the extracted data can be limited if they do not incorporate fundamental analytical overlays.
In this on-demand webinar, learn about some of the challenges of manually extracting data from Financial Statements and how these can be overcome with ProSpread™Watch now
Extract the data you need from financial statements in multiple languages, and spread this into the appropriate data fields seamlessly.
Map extracted financials to the standard chart of accounts within the S&P Capital IQ platform and save time by leveraging Machine Learning Algorithms which replace repetitive, manual processes.
Store the extracted financials by leveraging S&P Capital IQ’s proprietary data framework, and linking financials to an existing company ID or creating a new company ID, all within a secure system.
Go beyond data extraction and obtain insights. With our Credit Analytics suite of analytical models, you can score companies with extracted financials, in a matter of minutes.