AI and reporting are two topics that are becoming increasingly important in the business world. One of the challenges that many companies face is how to convert unstructured data, such as excel files, into structured data, such as XBRL, which is a standard format for reporting financial information.
XBRL can help improve the quality, accuracy and comparability of financial reports, but it can also be time-consuming and complex to create. That’s where AI can help. AI can automate the process of converting unstructured data into XBRL, saving time and resources, and enhancing the reliability and consistency of the reports. AI can also help analyze the data and provide insights and recommendations based on the reports.
See our Whitepaper on this challenge.
Want to know more about how AI can help you with reporting, contact us at Semansys.