PPA is a well established service provider for the extraction of finance information from structured and unstructured source documents. The core competence is the data capturing from annual reports by the order of major banks in Germany and Switzerland as a business process outsourcing service. PPA has developed both the personal skills and the systems to deliver high-quality data at very competitive cost in customer defined structures and formats.
Several major finance institutions have integrated the data capturing service of PPA into the loan processing for commercial customers and can therefore focus their resources on the interpretation and analysis of the data rather than their identification and extraction.
PPA operates at locations in Darmstadt, Germany and Zürich, Switzerland and presently handles approx. 220,000 annual reports from 32 customers per year. Data identification and extraction is done by around 150 full time employees with the support of scanning, data recognition and data extraction technology. The data delivery is based on service levels and data formats that are tailored to the specific customer needs. A considerable number of orders is completed in less than 12 hours.
PPA has acquired unique know how in document and data logistics and system support for efficient and high quality data capturing since 2000.
As annual reports and other finance information are provided in different formats (paper, pdf, xml, html), various structures (IFRS, US GAAP, Local GAAPSs, unstructured) and languages, the complexity and cost of the data capturing process are increasing fast. For a financial institution, this means overhead that is not contributing to the quality of the analysis or would differentiate one bank from the other. PPA is reducing the entry ports for all financial data to one interface and will normalize all incoming data to the data structure of the customer`s rating system. Long time customers (like Commerzbank, KfW Bankengruppe, various Public Banks or EulerHermes) will confirm the high quality and standardisation of the data accompanied by considerable cost reductions. Outsourcing the capturing of financial data to PPA is opening new options for process management and is accepted by industry regulators.
If you have any questions, please contact
the director of the company, Heimo Saubach.
+49 6151 7804 500 Send E-Mail