#Japan #Tokyo #BATONZ #AI-OCR #M&A Experts

BATONZ Unveils AI-OCR Feature for Automated Financial Reports

In a groundbreaking move for the M&A sector, BATONZ, a platform specializing in M&A and business succession support, has rolled out an innovative feature that leverages AI-OCR (Optical Character Recognition) to automate the generation of financial comparison reports. This new capability, available within the BATONZ Partner Program, allows experts to swiftly process financial statements from as far back as ten years, significantly enhancing their efficiency when analyzing potential acquisitions.

The Importance of Accurate Financial Data in M&A

When considering mergers and acquisitions, the financial information of prospective sellers is crucial for buyers' decision-making processes. Usually, M&A experts gather and organize this data beforehand, relying heavily on spreadsheets and detailed reports to analyze trends over past fiscal periods. Historically, it has often taken significant time and labor to manually compile and compare financial data, typically spanning several quarters.

Prior to this innovation, the BATONZ Partner Program’s ‘Enterprise Plan’ provided functionality for digitizing individual financial statements. Now, with a simple upload, experts can convert up to ten years’ worth of statements, such as balance sheets, profit and loss statements, and various cost reports, into structured data within approximately one minute. This swift data transformation marks a significant reduction in the workload for M&A professionals, who previously spent hours sorting through financial documents.

New Features and Benefits of the AI-OCR Integration

Simultaneous Processing of Up to Ten Financial Years

The newly introduced feature takes advantage of AI-OCR technology to read and organize financial data from uploaded statements effortlessly. It generates comparison reports that showcase key performance indicators from multiple years side-by-side, enabling M&A professionals to quickly identify trends and make informed decisions. This streamlined process is a game-changer, allowing experts to visualize financial performance over an extended period.

Rapid Data Output

Whereas manual data entry used to take several hours, this new AI-OCR feature drastically reduces the time required to compile financial reports to around one minute. As a result, M&A specialists can allocate their time more efficiently to other critical tasks, thereby expediting the M&A process.

Enhanced Accuracy and Reliability

Automating the data entry process minimizes human error, enhancing the reliability of the extracted financial information. AI-OCR technology reads the documents, reducing the risks associated with manual transcriptions and providing more accurate financial data quickly. This not only boosts operational efficiency but also ensures that experts can rely on timely, precise information.

Engineer Insights and Development Process

The development team behind this feature emphasized the importance of creating a robust comparison tool that accommodates diverse financial statement formats. While current AI-OCR capabilities are advancing rapidly, they acknowledged that it may not perfectly handle every scenario yet. To bridge this gap, the team designed custom programming logic to manage variations in report layouts and discrepancies in document formatting.

Highlights of the BATONZ Partner Program

Launched in March 2020, the BATONZ Partner Program is tailored specifically for M&A professionals. From providing comprehensive M&A support tools to offering educational video content, this platform also connects users with seasoned M&A advisors with over two decades of experience, fostering learning and expertise within the field. Individuals aspiring to thrive as M&A experts have found this resource invaluable.

For more information, visit the service site: BATONZ Partner Program

About BATONZ

BATONZ is dedicated to realizing a society where M&A transactions can be conducted easily, freely, and everywhere. The platform’s blend of expert support and digital transformation initiatives has positioned it as a leader in the M&A support field, boasting the highest market shares in successful transactions, total registered cases, and completed deals according to Deloitte Tohmatsu Mic Economic Research Institute (2023 report).

Company Overview

• - Name: BATONZ Inc.
• - Location: 3-12-5 Tsukiji, Chuo Ward, Tokyo, Japan
• - Established: April 2018
• - CEO: Yuichi Kanze
• - Business: Internet-based M&A matching and business consulting services.
• - Website: BATONZ

BATONZ aims to contribute to the sustainability and growth of valuable businesses across Japan through the advancement of technology in M&A processes.