Evolution AI

Evolution AI is a leading artificial intelligence company specializing in high-accuracy data extraction from complex documents. Leveraging state-of-the-art generative AI and machine learning, the platform automates the tedious process of manual data entry, allowing businesses to transform unstructured documents like financial statements, invoices, and legal contracts into structured, actionable data. The system is designed to be intuitive, eliminating the need for complex rule-setting or coding, and continuously improves its accuracy through a self-learning mechanism.

The platform's flagship product, Financial Statements AI, is specifically engineered for the finance industry. It automatically identifies and extracts line items from balance sheets and income statements, standardizes the data, and calculates key financial metrics such as EBITDA, OPEX, and Total Shareholder Equity. This enables financial analysts, asset managers, and private equity firms to accelerate their analysis, due diligence, and decision-making processes from hours to seconds.

How to use Evolution AI

The workflow is designed for simplicity and efficiency, ensuring high-quality data output with minimal user intervention.

1. Configure Your Document: Using a simple point-and-click interface, you can quickly highlight and identify the specific data points you wish to extract from a sample document. No coding or predefined rules are necessary, as the generative AI understands the document's structure and context.
2. Automated Extraction: Once configured, the system automatically processes new documents, extracting the designated information with high precision.
3. Quality Assurance and Self-Learning: The platform includes a comprehensive annotation and Quality Assurance (QA) interface. Users can easily review and correct any extraction errors. The system learns from these corrections, ensuring it doesn't repeat the same mistake, which continuously improves accuracy over time. You can choose the level of human oversight required for each document type.

Core Features of Evolution AI

• Generative AI Data Extraction: Extracts data from complex documents without requiring users to define rules or write code.
• Self-Learning Accuracy: The system learns from user corrections, progressively enhancing its performance and accuracy with each use.
• Integrated QA Workflow: Provides comprehensive annotation, QA interfaces, and monitoring dashboards to ensure the highest data quality.
• Financial Statements AI: A specialized solution to extract, standardize, and analyze data from financial statements, providing key metrics in a ready-to-use Excel format.
• Multi-Language Support: Capable of processing and extracting data from documents in virtually any language.
• API Access: Offers a robust API for seamless integration into existing business workflows and applications.
• Team-Based Permissions: Secure your data with different permission levels for team members, ensuring only authorized personnel can edit or access sensitive information.

Use Cases for Evolution AI

Evolution AI is versatile and serves various industries that rely on document-based data.

• Asset Management: Automate the analysis of company securities by extracting key data points from annual and quarterly reports, enabling faster and more accurate valuations.
• Private Equity: Streamline due diligence by rapidly extracting and standardizing financial data from target companies, allowing for efficient comparison and evaluation.
• Commercial Finance: Accelerate credit and loan decisions by instantly extracting crucial financial metrics from applicant documents to verify their repayment ability.
• General Business Automation: Process a wide range of operational documents, including invoices, remittance notices, bills of lading, and contracts, to improve back-office efficiency.

Advantages of Evolution AI

Evolution AI offers a competitive edge by transforming document processing.

• Cost and Time Efficiency: Clients have reported saving up to 75% in costs and reducing data extraction time from hours to seconds.
• Superior Accuracy: The combination of advanced AI and a human-in-the-loop QA process minimizes errors associated with manual data entry.
• Scalability: Effortlessly process and analyze thousands of documents, enabling large-scale financial benchmarking and trend analysis.
• Transparent Pricing: A straightforward pay-per-page model with no hidden annual license fees or implementation costs.
• Actionable Insights: By standardizing data and calculating key metrics, the tool provides immediate insights into a company's financial health.

Pricing and Plans

Evolution AI offers a transparent, usage-based pricing model, charging per page without costly subscriptions or hidden fees. Two main service options are available:

• Self Service: Ideal for clients who prefer to manage document annotation and QA in-house. Pricing is tiered based on monthly page volume. For example, processing 25,000 pages of bank statements/invoices costs £0.11 per page.
• Managed Service: A full, end-to-end service where Evolution AI's expert team handles setup and QA, guaranteeing complete accuracy. For example, processing 25,000 pages of bank statements/invoices costs £0.15 per page.
• Financial Statements AI: This specialized tool is priced at £1.50 per extracted page (e.g., balance sheet or income statement) plus a £2 processing fee per document.
• Custom Models: For unique document types, a custom model can be created for an annual fee of £10,000 in addition to page fees.