A Case Study on Financial Research Back Office Support Services Offered

Overview

Several small-scale companies in the USA file SEC filings with the SEC (Securities and Exchange Commission) regularly. There are financial analysis firms that extract financial data from EDGAR (Electronic Data-Gathering, Analysis and Retrieval system) and provide analysis reports to small companies for a fee.

Customer

A company, which is a service provider to NASDAQ (National Association of Securities Dealers Automated Quotations) - MD

Customer's Challenges

The company had huge volumes of data that had to be processed on a regular basis.

Flatworld Solutions' Back Office Services Provided

• Flatworld Solutions came to the company's rescue by offering the following services -
• Extraction of data from EDGAR.
• Checking and verifying financial statements.
• Conducting ratio analysis for 28 ratios across 5 categories.
• Conducting trend analysis for a range of 3 to 5 years.
• Developed comparative reports based on industry analysis.
• Conducting bankruptcy analysis (Altman-Z score).
• Created standardized reports for the business

Impact on Customer's Business

• Manpower costs and other related costs were cut down to a great extent
• The turnaround time (TAT) improved considerably

Contact us to outsource financial research services.