Financial Statement Review Workflow

How it Works / How to Build It

• FinancialSectionExtractor: This node uses a prompt to extract major financial statement tables from the 10-K filing text, outputting them as a structured JSON object.
• SectionExtractor: This node extracts the "Notes to the Financial Statements" section, capturing each footnote's number, title, and full text in a JSON format.
• ExtractFootnotes: This node takes the output from the SectionExtractor and formats the extracted footnotes into a JSON object for further processing.
• IterateOverEachFootnote: This node iterates over each extracted footnote, triggering a sub-workflow to verify the accuracy and completeness of each footnote against the financial statements.
• FinalOutput: This node compiles the results from the footnote verification process and outputs the final structured data.

What You Can Use This For

• Financial auditing teams can use this workflow to automate the extraction and review of financial statements and footnotes.
• Compliance officers can ensure that financial disclosures meet regulatory standards.
• Analysts can quickly gather and analyze financial data from 10-K filings for reporting or research purposes.

Prerequisites

• Vellum account
• Access to SEC 10-K filing documents in text format
• Basic understanding of financial statements and footnotes

How to Set It Up

• Clone the workflow template in your Vellum account.
• Upload your SEC 10-K filing documents as input.
• Configure the Inputs to include the chat history for context.
• Connect the nodes in the specified order: FinancialSectionExtractor >> SectionExtractor >> ExtractFootnotes >> IterateOverEachFootnote >> FinalOutput.
• Run the workflow to extract and review the financial statements and footnotes.