Optical character recognition (OCR) technology from ABBYY is helping Melbourne-based financial software developer FinSuite to ease the burden on financial institutions in extracting and standardizing data for business loan risk evaluation and processing. Challenge FinSuite is utilizing the ABBYY FineReader SDK as a key element of BizAnalyser, it’s an automated financial spreading application able to read, recreate and categorize business financial statements. BizAnalyser aims to reduce the cost and time required to analyze business financials statements on loan applications. Business loan applications are typically accompanied by multiple years of financial state - ments, supplied as PDF or printed documents. Traditionally the data from these statements is manually entered into what

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