Is your organization falling behind with AI?

AFR 2.0 Increases Stakeholder Confidence By 40%

See how AFR 2.0 transformed financial reporting with automated executive summaries, empowering CFOs, finance managers, analysts, and stakeholders.

RAG
AI

🔒 Confidential client

AFR 2.0 Increases Stakeholder Confidence By 40%

See how AFR 2.0 transformed financial reporting with automated executive summaries, empowering CFOs, finance managers, analysts, and stakeholders.

RAG
AI

🔒 Confidential client

AFR 2.0 Increases Stakeholder Confidence By 40%

See how AFR 2.0 transformed financial reporting with automated executive summaries, empowering CFOs, finance managers, analysts, and stakeholders.

RAG
AI
2x
Manager Span Of Control
+75%
Time To Monthly Financials
+100%
Accuracy

Case study by

thinkAI

Led by top engineering and AI leaders from ThinkBridge, IBM, Talent Inc., Cisco, and more.

The Challenge

 AFR 2.0 revolutionizes the financial reporting and analysis process by automating the generation of executive summaries from revenue and expense reports. This innovative solution adeptly identifies anomalies and variations in financial data, offering a comprehensive overview of a company's financial health. By analyzing complex financial datasets, it easily distills key insights and trends into digestible executive summaries, significantly reducing the time and effort traditionally required for financial analysis.

Financial reporting and analysis are critical functions within any organization, providing insights into financial health and informing strategic decisions. Traditionally, this process involves manual data compilation, extensive analysis, and detailed reporting, which can be both time-consuming and prone to human error. To address these challenges, we developed AFR 2.0, an AI-driven solution designed to streamline and enhance financial reporting.

The Solution

  • Data Pipelines for Data Parsing of Financial Statements: Robust data pipelines were established to automate the parsing and processing of financial statements. This ensured the accurate and efficient extraction of relevant financial data from various sources.
  • Statistics to Precompute Key Metrics: Statistical methods were employed to precompute key financial metrics, such as revenue growth, profit margins, and expense ratios. These precomputed metrics form the basis of the automated summaries, providing quick and reliable insights.
  • Few-Shot Prompting: Few-shot prompting techniques were used to train the AI models to generate accurate and contextually relevant executive summaries. This approach minimized the need for extensive training data while ensuring high-quality outputs.
  • Retrieval-Augmented Generation (RAG): RAG was utilized to enhance the AI's ability to generate detailed and accurate summaries by retrieving relevant information from a large corpus of financial data. This technique improved the model's understanding and contextualization of financial information.

Impact

  • Efficiency Gains: The automation of executive summary generation and anomaly detection has significantly improved the efficiency of financial reporting processes. This has resulted in substantial time savings for finance professionals.
  • Enhanced Decision-Making: The clear and concise executive summaries generated by AFR 2.0 have empowered finance leaders to make more informed and strategic decisions, contributing to better financial management and performance.
  • Time Savings: CFOs and finance managers experienced a dramatic decrease in the time needed to compile and interpret financial data. This time savings allows them to focus on more strategic aspects of financial management and decision-making.
  • Proactive Issue Resolution: The ability to spotlight anomalies and variations equips finance leaders with the insights needed to address potential issues proactively, ensuring financial stability and compliance.
  • Higher-Level Analysis: With automated summaries handling initial data analysis, financial analysts can concentrate on higher-level analysis and strategy. This shift enables them to contribute more significantly to financial planning and advisory roles.
  • Enhanced Productivity: By reducing the burden of manual data compilation, AFR 2.0 enhances the productivity of financial analysts, allowing them to focus on generating actionable insights and strategic recommendations.
  • Improved Transparency: Investors and stakeholders gain access to clearer, more concise executive summaries of financial health. This improved transparency enhances confidence in the company's financial communications and decision-making processes.
  • Informed Decision-Making: The easily digestible reports provide stakeholders with a comprehensive understanding of the company's financial status, enabling informed investment decisions.
CLIENT

🔒 Confidential client

LOCATION

size

INDUSTRY

Financial Services

DEPARTMENT

See how AFR 2.0 transformed financial reporting with automated executive summaries, empowering CFOs, finance managers, analysts, and stakeholders.

AFR 2.0 Increases Stakeholder Confidence By 40%

IMPACT

ai solution

client

in collaboration with hive

thinkAI

Led by top engineering and AI leaders from ThinkBridge, IBM, Talent Inc., Cisco, and more.

Explore other use cases

More case studies

Button Text

Accelerate your AI project’s deployment with confidence.

Connect with our team for a free, no-obligation consultation. Whether you're just starting out, or deep in your AI strategy, we’re here to help.

Talk to our team
trusted by leading enterprises globally: