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TruAI Automates Comparison And Analysis Of Unstructured Data For A BFSI Company

Client

An essential component of the global capital markets, providing credit ratings, research, tools and analysis

Industry 

Banking & Financial Services

Region

United States of America

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Challenges

The client’s operations were being carried out manually which was lengthy and time consuming for which they wanted to automate the process for reducing the time lag in the periodic comparative analysis of balance sheet reports of their 20 key accounts and automate the process of auto-detection, comparison, and classification of key data elements and key performance indicators in balance sheets.

Solution

Datamatics used its Artificial Intelligence powered tool, TruAI, and Business Intelligence tool TruBI to mitigate the client’s business challenges. The solution comprised of Text analytics for contextual analysis to quickly process the tax returns based on sound knowledge and information about Canadian individual and corporate tax returns.

Impacts

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97%

Accuracy level increased from 75%

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4 Days

Reduced the time required for the task of Performance Parameter comparison from 1 man month

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