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by Finage at December 22, 2020 2 MIN READ
Financial Statements
Financial statements submitted by publicly traded companies may contain information of great importance. In order to understand this information in its valuable form, it is necessary to conduct in-depth research.
After conducting these examinations, it will probably take you weeks to map the data you obtain on your own, or, as your alternative, you will pay an analyst a lot of money to map this data and consider the files. We must also say that if you are a small business that is new in this sector, this situation will be very difficult for you. such situations are threatening situations that put small or new businesses at risk.
Fortunately, there is a third option: machine learning. Finage fundamental data will keep costs low for you. Our Fundamental data API system supports machine learning to help you maintain your high quality. In the rest of this blog, we will explain to you, our dear readers, how we process Fundamental information and what is included in our fundamental information feed.
Finage Fundamental Data Processing Model
Most investment firms deal with some files representing annual and quarterly financial statements. companies can access these files in two ways. The first is really an unstructured PDF that can only be analyzed manually. The second is based on the Extensible Business Reporting Language.
There are some services that we said almost none of the companies we mentioned could do with our pricing. eg comparing applications between multiple companies. We make this comparison available to our customers. Finage's standardized financial statements separate the relevant and useful information from data according to your needs.
Finage uses appropriate machine learning algorithms, such as multi-class classification, to map the data reported for its customers against a standard set of terms it uses for all companies it covers. We've gone to great lengths to train our algorithm with the right data to help detect hidden patterns that are often unintuitive to humans.
We are proud to bring this service to you. To add value to your analysis, you should have the privilege of working with Finage data API. Call Finage consultants to get more information and to get to know us better.
Get your free Financial API and Widget, and also you can try real-time data with WebSockets. Register Finage Today!
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