article thumbnail

What is financial data extraction?

Nanonets

Extracting relevant and accurate financial data from financial and business documents is critical for effective decision-making, financial analysis, and integrity, as well as regulatory compliance. billion by 2027, growing at a CAGR of 11.8% from 2020 to 2027. What are the three types of financial analysis?

article thumbnail

What is Intelligent Document Processing?

Nanonets

million by 2027, with a compound annual growth rate (CAGR) of 35.4% from 2021 to 2027. Financial analysis : IDP can be used to extract data from financial documents such as bank statements, credit reports and loan applications. million in 2021 and is expected to reach USD 6,382.52