Evolution AI

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Finance

Data

Tried by: 1

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Integration support

API

Ideal for

Large teams (20-150 employees)

Price

Paid

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About Evolution AI

Evolution AI is a data extraction solution that utilizes generative AI to automate the extraction of financial data from various documents, including financial statements, invoices, and bank statements. The platform is designed to enhance efficiency and accuracy in financial analysis by quickly capturing and processing complex data, allowing users to compute key financial metrics without manual entry. It serves multiple sectors, including commercial finance, private equity, and insurance, and offers a user-friendly interface with robust customer support.

Evolution AI key features

Automated Data Extraction: Utilizes generative AI to extract data from various financial documents, including financial statements, invoices, and bank statements, without manual entry.
Self-Learning Accuracy: The system improves its accuracy over time through self-learning, allowing users to correct errors and enhance data quality.
Comprehensive Data Processing: Capable of processing large documents simultaneously and classifying them according to type (e.g., balance sheet, income statement).
Key Financial Metrics Calculation: Automatically computes essential financial metrics such as EBITDA, EBIT, and various financial ratios from extracted data.
User-Friendly Interface: Features a simple point-and-click interface for document configuration, enabling users to easily identify and extract desired data points.

Evolution AI use cases

Automating data extraction from financial statements to reduce manual entry time for asset managers, improving efficiency and accuracy.
Streamlining loan underwriting processes by quickly extracting key financial metrics from bank statements and financial documents.
Enhancing the speed and accuracy of underwriting in the insurance sector by capturing relevant data from financial statements.
Supporting M&A specialists in evaluating target companies by providing rapid access to structured financial data and key performance metrics.
Facilitating private equity firms in analyzing financial statements to identify anomalies and compute essential financial ratios for better investment decisions.

Useful for

Automates data extraction from complex financial documents, significantly reducing time spent on manual entry.
Enhances accuracy and quality of extracted data through self-learning algorithms and quality assurance processes.
Provides instant access to key financial metrics, facilitating quicker decision-making for various financial services.
Supports multiple document types and formats, including poor-quality scans, ensuring versatility in data handling.
Offers seamless integration with existing IT systems via REST API, streamlining workflows for financial professionals.

Price

Pricing is transparent with no hidden costs.
Users can extract data from multiple document types, including bank statements, invoices, and contracts.
Interested parties are encouraged to book a demo for detailed pricing information.
Pricing is calculated per page and per volume.
The application offers a self-service model with unlimited support from the customer service team.

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