Recently, a data vendor posted on Linked In that they could
deliver standardized financials in 20 minutes from filing with the SEC.
That may be impressive to the average investor, but to the professional
investment community, 20 minutes is an eternity. With automation, machine
learning and natural language processing, standardizing financial data is
rapidly becoming friction-less.
XBRLogic is at the leading edge of that movement, having
just achieved a 90% success rate for its proprietary standardization process
while delivering completely normalized financial results within 2 minutes.
That’s not a misprint. Two minutes for standardized, fully classified financial
statements, calculated 4th quarter and quarterly cash flows, and key
metrics. Using experience gained from automating S&P Capital IQ’s HTML extraction,
XBRLogic has developed a 100% automated process using XBRL-based filings.
XBRLogic is continuing to expand its coverage, first to
financial institutions, then to IFRS and other international jurisdictions. Parties interested in leveraging this
technology via licensing or collaboration should contact XBRLogic.
