A Case Study on Financial Research Back Office Support Services Offered

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.

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

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

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

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