Quick Overview
OnCorps AI developed an end-to-end AI system that automates financial report preparation and validation for global asset managers. The system parses complex PDF reports, retrieves source documents, and runs nearly 200 automated checks using NLP and named entity recognition to handle format variations. Dashboards track exception resolution and provide management oversight, streamlining review of reports often hundreds of pages long.
OnCorps AI
Company Size
Not publicly disclosed
Revenue Range
Not publicly disclosed
Primary Challenge
Reducing manual effort, improving accuracy, and accelerating validation of complex financial reports
Key Metrics
\- 92% reduction in time spent reviewing reports\- 60 exceptions found on first AI review\- One complete review round eliminated\- Near 93% accuracy in NAV delivery prediction\- 50-60% reduction in review time on average\- 50%+ increase in reporting team productivity
The Problem
Manual review of lengthy, complex financial reports was time-consuming, error-prone, and lacked transparency
The Solution
AI-powered platform automates ingestion, reconciliation, calculation, and style checks; uses machine learning agents for continuous improvement and exception tracking
Results
\- Dramatic time savings (from days to minutes)\- Significant reduction in manual labor (up to 92%)\- Improved audit quality and compliance\- Enhanced oversight with transparent audit trails\- Enabled staff to focus on higher-value analysis
“The biggest benefit of OnCorps’ Review AI is the time savings. Our review time has been cut by 50 to 60% on average, allowing our team to focus on more valuable analytical work.”“OnCorps moved quickly to solve longstanding industry challenges and enhance fund NAV oversight.”
Devin Kelly, Fund OperationsJosh Ratner, Head of Americas Operations, Pimco
Details
Industry
Finance & Banking
Departments
Finance & Accounting
Use Cases
Financial Reporting
Tags
GenAI
NLP
Scalability
Team Efficiency
Time-Saving
AI Tools Used
No items found.
Sources
https://www.oncorps.ai/solutions/case-study-financial-reportinghttps://www.vktr.com/ai-disruption/5-ai-case-studies-in-finance/https://www.oncorps.ai/case-studies/natixis-financial-reporting-reviewshttps://blog.modusx.digital/en-eu/articles/how-ai-enhances-financial-reporting-accuracy-and-efficiencyhttps://www.linkedin.com/posts/oncorps_financial-reporting-case-study-activity-6977723448210948097-LIddhttps://www.xceptor.com/newsroom/xceptor-and-oncorps-ai-partner-to-deliver-enhanced-automation-solutions-to-financial-services-industry
More Case Studies
See All
How Bank of America Uses AI Sales Agents and Virtual Assistant Erica to Enhance Customer Outreach and Service
Finance & Banking
How Cosabella Boosted Email Revenue by 60% Using Emarsys AI-Powered Marketing Automation
Retail & E-commerce
How Gridium Uses Machine Learning and IoT to Optimize Energy Consumption in Commercial Buildings
Real Estate
How SpendWise Solutions Reduced Expense Reporting Time by 40% with AI Automation
Finance & Banking
How STACK Media Boosted Website Visits by 61% and Reduced Bounce Rate by 73% Using BrightEdge AI
Marketing & Advertising
How Perform[cb] Improved Lead Quality and Conversion Rates with an AI Chatbot Built on Amazon Bedrock
Technology & SaaS