Evolution AI

About Evolution AI

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.