ARTEMIS - FINANCE
Derivative Trading
Financial derivatives market handle large volumes of term sheets, a non-binding agreement that outlines the basic terms and conditions of an investment. It is a template for more detailed, legally binding documents.
Industry Challenges
The derivatives market is a cornerstone of finance, but it presents significant challenges, particularly in managing the vast amount of complex and diverse documentation required for options, calls, and notes. Financial institutions must manually process a multitude of term sheets, each with unique structures and intricate details essential for accurate trade execution and client confirmation. This manual data extraction is time-consuming, error-prone, and operationally inefficient. The traditional reliance on individual Excel Macros exacerbates these issues, as each new client introduces unique formatting challenges, making scalability difficult.
CASE STUDY
Discover How Hercules Revolutionized Data Extraction in Derivative Trading: A Top 5 US Bank's Journey to Efficiency
Discover how a leading U.S. bank overcame the challenges of manual derivative trading processes with Hercules AI. This case study showcases significant cost savings, 96% accuracy in data extraction, and a 97% reduction in operational time. Witness the power of AI in revolutionizing finance.
Our Solution
Hercules' Artemis transforms the data extraction process for financial derivatives, addressing these challenges with advanced AI technology. By automating the extraction of key data points from various and complex term sheets, Artemis significantly reduces the time and effort required for manual processing. Its AI models ensure high accuracy and efficiency, minimizing the risk of human error and enabling seamless integration with existing systems. This automation allows financial institutions to scale their operations effectively, achieving faster derivatives trading operations.
Explore Other Use Cases
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INSURANCE
Bordereaux Management
Efficiently extracts and normalizes Term sheets for various derivative instru-ments from a multitude of clients. This scalable approach reduces operational costs.
INSURANCE
Eligibility & Enrollment Management
Automate the transformation of large volumes of eligibility and enrollment files into a standard format, ensuring reduced errors and compliance with regulatory standards.
LEGAL
Billing Compliance
Detect potential invoice deductions and proactively fix them to increase realization rates and reduce time spent on pre-bill review.