Balance Sheet Analysis tool is a must-have tool for Bankers, Auditors and a third-party vendor who works for Bank. Balance Sheet Analysis Tool help’s to convert the dirty scan image pdf file into meaningful data. In this blog, we will try to understand how the Balance Sheet Analysis tool works on PDF. How to use it, it benefits, prons and cons and everything else. If you know everything about the balance sheet analysis tool you can directly go to the Analysis tool Just click over here. or Visit https://balancesheet.techaroha.com Major problems with Balance Sheets PDF Before going to problems let me tell you to balance sheet is the must-have a document for Business Loan Application. Business loans like Working Capital, Fixed Capital, Office Loan, Overdraft Limit all require To understand the problems with Balance Sheet analysis of PDF copy lets understand the current process of Balance Sheet Analysis by Banks Existing Process 1. Scan Images of Balance Sheet in PDF Format Bank receives thousand of loan applications(Just considering Business Loan other loans)on a daily basis. And with every loan application Bank receives a Balance Sheet of the Company. CA prepare and signed the balance sheet for the Company. Afterward, the Balance Sheet is scan and then sent to the bank for the loan approval in PDF Format. These scan files are difficult to read and not searchable. The worst part for ratio analysis and loan approval all the pages are not required. Well, few balance sheets of big companies are in text format and easily searchable. But they are very rare and contain 100-200 Pages. And banks just need 4 pages out of that. 2. Shortlisted the files for Ratio Analysis This work is hectic since we can’t search from the image file. But still, we have to do it because it’s important. Those 3 files especially Balance Sheet, Profit and Loss, and Cashflow are very important for loan approval. It’s the most difficult part. Bank just needs 4-5 Pages out of those 50 Pages. They ask the third party or the staff to dig our important pages from the balance sheet. 3. Extract data from Balance Sheet Now we have the shortlisted pages from which data needs to be extracted regarding companies’ finances. This step takes most of the time in the complete process of Balance Sheet Analysis. But still, banks need to this for loan processing. In the process bank employees or third part, manual read figures from scan pdf file. Then he enters the data in the excel sheet. Later on this excel sheet is for credit analysis or ratio analysis. This excels many times is directly entered into the credit rating software. Problems with existing above process Though I have just mentioned 3 steps it takes around 4 hours to complete the process. Sometimes more than that if the company is big. Process of shortlisting takes around half an hour(3o minutes) if the user is highly trained with all the Notes to Accounts. Then the user manually enters data which takes around 2-4 hours. So we can say, the existing process has following drawbacks New: Balance Sheet Analysis Tool for 2020 Balance Sheet Analysis Software develop by Techaroha is a very very simple and powerful tool. Just upload the pdf, get the excel data. All this is just 2 minutes. Post this you will have to review for AI error if any. After review just submit the excel sheet for ratio analysis. Well, don’t worry we will discuss in detail how this work and why this is so useful for the credit industry. Let’s see how this Balance Sheet Analysis Tool Work Register to gain free access Actually there is no need to explain this step. But still, for your convenience, I will try to explain. Just open the link Registration for Balance Sheet Analysis. Enter Email Address, Name, and Password. You will receive a confirmation email. Approve the email and you are good to go. Upload the Balance Sheet Scan Image PDF You might have recieve the balance sheet in PDF format from your customer or businessman seeking a business loan. That image could be a text pdf or scan images with the signature of CA. Just upload the file on the screen. You can you drag and drop option or use select from the browser option. But please remember one thing over here. Uploading may take around 20-50 seconds. It mostly depends on the size of your pdf and the number. And also your internet speed. Wait for getting shortlisted PDF As soon as you upload the pdf, the status becomes pending. You will see tabs. The first tab is for Shortlisted PDF and another tab is for tabular data from pdf. When we get the balance sheet statement in pdf format it has many pages from 30-400. I know it sounds strange but it’s true. As a banker or auditor or finances, we just required 3-4 pages of statements and few pages of Notes. Since the balance sheet has many other pages, this balance sheet analysis tool filters out the pages and gives us the pages which are of most important. These filtered pages are combined into the single pdf. Which is available for download from the shortlisted pdf tab. This shortlisted page is just for your review in case something goes wrong. Get Balance Sheet Data in tabular format Once the system filters out the pages, it starts processing those pages. In the process, it identifies the table and number’s in it. The AI, ML logic identifies the tabular structure and renders it in an HTML table with almost 90+% accuracy. This balance sheet analysis tool identities tables and number and particulars from this 3 pages There scan Balance Sheet PDF has more pages containing tabular data with values. But as of now this tool only filter out those pages. It doesn’t work their tabular data. Get the data in Excel Format from Balance Sheet Analysis Tool This is the most
What’s the best business to get started and to earn millions of revenue. There are many like e-commerce , cloud based software like DropBox and many more. But the hottest topic and best business with least competition is the Crypto Currency Exchange. Exchange like Binnance , Poloniex have shown the potential of Crypto Currency Exchange and there is still a lot of space for growth for different players. What is Crypto Currency Exchange. Crypto currency exchange is a platform where user can exchange different crypto currency. It’s just like any other stock exchange like Bombay Stock Exchange or New York Stock Exchange. Difference is instead of companies share , crypto exchange are used to trade the Crytpo Currency. Basically there are 3 Broad categories of crypto Exchange Crytpo Currency Exchange against Crypto Currency – (Don’t Require much of Government Norms) Crypto Currency Exchange with Fiat Currency – (Need to Follow every Government Norms and Compliance’s) Peer to Peer Crypto Currency Exchange 1st and 2nd exchange are almost same , we will discuss them here. While Peer to Peer Exchange is altogehter a different topic we will discuss that in our later blogs. Which Currency Exchange to Launch We are considering first 2 type of exchange for comparison. Crytpo Currency Exchange against Crypto Currency. – Crypto to Crypto exchange don’t require any type of banks or payment processing unit.All the deals are done in crypto currency. Since Crypto Currency don’t come under any law , this type of exchanges are bit of relaxed. If you have a good user base or you can acquire them only on the basis of your Crypto Model , crypto to crypto is good for you. In Crypto to Crypto Exchange it’s very difficult to establish trust and it take much more to time get popular among crypto users. Crypto Currency Exchange with Fiat Currency . – Crypto to Fiat has to obey all the compliance since Bank Payment processing is involved. Any fault in accomplices may lead to blocking of bank account. But positive thing is that users even the new users trust this type of exchange since it gives them an because of an security from Government which is always welcome by every one. You can decide the type of you exchange you want depending upon the norms in your country or country of majority of your exchange user base or targeted user base. Features for Crypto Currency Exchange (Must Have) User Login and Registration Coin Info Page of All Coin Listed Place Buy and Sell Orders Chart Candles Stick and Custom Graphs One or More Market like Bitcoin or ETH Transaction History of Individual Users Market History Net Volumes , Price and Percentage Change Wallets and Address of Each Currency 2FA Security Profit Analysis Referral System User KYC Most Important Support Tickets Notices and Notifications Deposit and withdraw of Currencies. Profile and Password Update FAQ How Many Currencies to Be Listed in Crypto Exchange Many crypto currency have 100’s of currency in the market. But they have come over there over a period of time. It’s not a good idea to list 100’s of currencies on the day 1 of launch. Reason is pretty simple Cost to run full node of each currency on our VPS is very high. Bandwidth require to maintain the code is very high , it may go upto trillion GB for 100 currency. Integration cost of all the currencies may go up to few thousand dollars. Best thing would to launch an crypto currency exchange with 20-30 Currency and increase the number as exchange grows. What Currencies to Be Listed in Crypto Exchange Just like number matters , what currencies also matters. Listing all the high value currencies or low value currencies will create a problem. While deciding the currencies to be listed we need to consider the value and its acceptance and popularity. Listing all high value and popular currencies will drive away small investor. Their volume is blow but since the number of small investor are high , over all impact is much bigger. Consider both type of currency while making a list. Like Bitcoin Ethereum are high value and DOGE , SIA COIn are low value. Keeping such a mix will attract more users. Business Model for Crypto Currency Exchange Few assumptions are mentioned at the last of blog. Business model is based on those assumptions. Profit is very important , so is the investment. Lets understand how much investment is required for every year. Investment in Crypto currency Exchange. Here we have assumed , we are investing 2000 a month Sr.NO Description Amount Quantity Unit Year 1 Year 2 Year 3 Year 4 1 Development Cost 15000 1 15000 2 Server Charges 1000 12 Mon 12000 12000 12000 12000 4 Marketing Investment 1000 12 Mon 24000 24000 24000 24000 5 Maintained Cost 4500 4500 4500 4500 Total 55500$ 40500$ 40500$ 40500$ Yearly Revenue. Here we are assuming we are acquiring 1000 Users Per Month and Each user on an average will trade with 1000$ Per Month. This figure is very low and can be achieved easily. Another assumption is trading fees is very low 0.1% for Buy and 0.2% for Sale Sr.No Users Months Trading Volume($ USD) Trading Fees Year 1 Year 2 Year 3 Year 4 1 1000 1 1000000 0.15% 1500 19500 37500 55500 2 2000 2 2000000 0.15% 3000 21000 39000 57000 3 3000 3 3000000 0.15% 4500 22500 40500 58500 4 4000 4 4000000 0.15% 6000 18000 42000 60000 5 5000 5 5000000 0.15% 7500 25500 43500 61500 6 6000 6 6000000 0.15% 9000 18000 45000 63000 7 7000 7 7000000 0.15% 10500 28500 46500 64500 8 8000 8 8000000 0.15% 12000 18000 48000 66000 9 9000 9 9000000 0.15% 13500 31500 49500 67500 10 10000 10 10000000 0.15% 15000 33000 51000 69000 11 11000 11 11000000 0.15% 16500 34500 52500 70500 12 12000 12 12000000 0.15% 18000 36000 54000 72000 Total Revenue 117000$ 306000$ 549000$ 765000$ Profit in Crypto Currency Exchange
Let’s resolve the biggest confusion between all comprehensive technical terms like artificial intelligence, machine learning and deep learning. Artificial intelligence is a broader space under which Machine Learning and Deep Learning are subsets of it. Let’s understand briefly about each of them to get a better picture. The concept of artificial intelligence came into existence in 1956. But data at that time was not sufficient to calculate accurate results. Artificial Intelligence Artificial Intelligence is a technique by which machines demonstrates intelligence or behavior like humans. In AI, machine can learn from experience, like new born kids do. So from new input data, machine can adjust new responses. We can consider artificial intelligence as a project of creating Huge Monument which can take centuries to build. So the one who started building it, could not even see it fully built. AI researchers started working on bricks and bases of the project by creating learning algorithms so that future researchers will use it to build smart intelligence system. Example of Artificial Intelligence: Apple Siri, Microsoft Cortana, Tesla Self Driving Cars and many more. Machine Learning In Artificial intelligence, it was difficult to train complex decision making operation models of the Human brain. “Machine Learning is an application Artificial intelligence which enables machine to learn from statistical data to improve with experience.” The designed algorithms in Machine Learning are developed in such a way, that it can learn and improve the results when new data is provided. Example of Machine Learning: Netflix, Google Maps Elaborate Examples: Netflix – Depending upon what type of movies and series you watch, Netflix will suggest you same type of movies and series to you in Recommended section. Google Maps – Google map analyses the traffic and suggests you the fastest routes to your destination. Deep Learning Deep learning is a part of a broader family of Machine Learning that is inspired by the functionality of our brain cells called artificial neural network. It takes data connection between all the artificial neurons and adjust it according to the data parent. With the increase in the size of data parent ,more neurons is added . You can relate Deep Learning as rocket a rocket engine which uses huge amount of data a fuel to process the algorithms. Deep Learning concept is not new but recently it’s hype has increased and getting a lot of attention. How Deep Learning Works at simple scale: In above example, machine will validate all the criteria to check if the rectangle is a square. When it is nothing but nested hierarchy of conditions and checks. Deep learning does the same thing but a larger scale Above blog gives the brief difference of difference between different types of AI. Developing an application requires in depth knowledge and understanding of AI. If you want any assistant with AI application development you can always contact us. Techaroha Team is specialized in Block Chain and AI Application. Techaroha is One of the Best Software company to build application with a mix of Block Chain and AI.
Why ?? Pothole are a biggest hurdle in the development of the country.They harm citizens in directly or indirectly in many ways.Pothole Detection System can solve the Problem faced by Every Citizens of our Country. 1. 10% percentage of Fuel is loss due to Potholes causing an unnecessary loss of 8.5 Billion that is 56 thousand cores 2. Death Due to Potholes in India – 3597 , which is much more compare to any other unnatural death cause in India 3. Millions of Man Hours are lost due to people stuck in traffic because of Pothole. 4. Thousand Crores of Good Wasted Due to Potholes Pothole the Biggest Problem . They are hurting Everyone knows what the hell potholes are. It’s one the biggest problem faced by every individual in the country. Whatever the way of commute citizen has they have to suffer because. of Potholes. Pothole problem is so common in India and its being there for such a long time that normal people have stop complaining about , people have adopted pothole as the way of life. Damage because of Pothole Society Potholes has caused 3597 last year , which is much more that any other cause of unnatural deaths They create traffic jab wasting lot of human hours Damage Roads leads to burn more fuel leading to more pollution Jerk due to Potholes leads to several health problems including back issues and pain. India Rupees India import 85 Billion Dollar of fuel i.e 6 Lac Core (6,00000,00,00,000). 10% of fuels is wasted due to potholes. We can save lot of this money and increase the rupee value Damaged to imported vehicles caused due to potholes further increase the dollar bill hitting rupee badly Goods Lots of perishable goods like soft fruits are wasted in huge quantity due to potholes. Vehicles life is reduce and their efficiency decrease due to potholes Percentage of damage goods increase compared to good roads. Why potholes are not fixed If potholes are such big problem why they are not fixed. With huge budget allocated to Municipal corporation the road could be fixed. Major question is why even the potholes to such deadly extends occurs.What’s the quality of roads. Is the road being checked and audited. There are many such questions. Whats the answer then. Lets understand why potholes are there in first place Road are faulty.Material is not good. It should be inspected after building. It should check check regularly to find the first occurrence of potholes Even a small pot holes is detected it should be fixed up as early as possible. But due to vast network of road many of the potholes is not noticed by authority and with the course of time it becomes to big. Pothole fixing is not up-to the mark.When a pothole is fixed authority should monitor first defect in fixing , so that authorities can know how good was the road pothole fixing. They can easily identify the good and bad contractor. Saving lot of taxpayers money. Conclusion for Pothole Problem Conclusion is pretty simple monitoring the main issue. If road potholes and new road are properly monitored and fixed on time many bad things like death , back pain , fuel wastage can be avoided. Over a period of time bad contractors and good contractors can be modified , corruption can be fixed and we all will have good roads like any other foreign countries. Monitoring Roads with Humans is not possible, since its not accurate and it may lead to huge amount of corruption which is again a big problem of India. Only way out is to have a good automated system which will monitor the potholes in road and will inform the authority and will keep a log of data for future audit.We called it Pothole Detection System Solution to Pothole Problem in India “Monitoring road with a Fully Automated Drone with Artificial Intelligence (AI) and Deep Learning Algorithms.” i.e Pothole Detection System Above system can solve one of the big problems of our country i.e Pothole. Eventually it will reduce fuel consumption , reduce road accidents , reduce traffic and save man hours. Detail Explanation Road and Pothole Detection System will require 3 Different System Drone Web Application for Interaction Artificial Intelligence Drone for Pothole Detection System A road will be decided for monitoring. The map of road will be feeded into the road. Road may be of 50 to 100 KM or More. Drone will navigate the road in regular interval of time. Navigation Timing of Drone Navigation by Drone can be timely base i.e they will monitor the road every 7 Week. Drone can be triggered on the completion of Event. Event like a Pothole is fixed , Pothole Contract is completed , Road Maintenance Contract is completed etc. Drone will travel as per the feed map and will record videos. Videos will be feeded to the Artificial Intelligence and Deep Learning Layer. This Deep Learning system will identify the potholes. As soon as pothole is detected, Drone will record the geo coordinates of the pothole location and date and time of detection. Details of pothole along with geo coordinates will be sent to Back End , which can be used to authority.Authority can view all the potholes detected by AI System. Drone will also be fitted with laser measurement system. With the laser system the depth of severity of the potholes , its dimension can be known. It will help to define the severity and priority of the Pothole. It will help authority to act on orderly fashion and get rid of more dangerous pothole with highest priority. Machine Intelligence and Deep Learning Layer Machine Intelligence and Deep Learning Layer will help help to find the path hole with Image Processing and Feature extraction. Here we are using two branches of Artificial Intelligence. Deep Learning Deep Learning will help to extract the features from image and video and will help to identify the potholes. This Deep
