Investment banks analyze quarterly financial reports (10Q) from a long list of public companies that they are interested in investing.  The information that need to be extracted from these reports varies based on the business needs.  Financial Spreading is a common use case where the overall auditing rating and financial balance sheets need to be identified and extracted to a database.  For this particular requirement, foreign exchange swaps of varies types need to extracted from the reports, so that the business analysts can take the output data to plug into their risk assessment models to evaluate these companies.​

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Traditionally, these 10Q reports are analyzed by a team of junior analysts manually.  They first find the relevant sections and paragraphs to copy and paste them to a set of new documents.  They will take highlight important numbers that are corresponding to the foreign exchange interest swaps, etc., and then manually extract these numbers to spreadsheets.  The spreadsheets are then used by the risk assessment models to produce the final results.