Invector enhances DSD automation for financial report review and correction

Invector has introduced a new feature designed to significantly reduce the repetitive tasks involved in reviewing and correcting regular financial reports. The company has enhanced its Disclosure Statement (DSD) automation capabilities, allowing users to convert, verify, and edit documents from a single screen. This integrated approach aims to improve the overall efficiency of disclosure processes for listed companies.

Listed companies are required to submit quarterly, semi-annual, and annual reports, which involve intricate procedures such as drafting, reviewing audit reports, DSD conversion, and pre-submission verification. The process often involves multiple revisions, cross-checks, and re-verifications, placing a considerable burden on financial staff. A key challenge lies in the review phase, where disclosure officers must manually compare hundreds of pages, checking for typos, spacing errors, and numerical consistency between the main text and footnotes.

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We are focusing on enhancing services to reduce the repetitive inconveniences and inefficiencies that customers experience every reporting season.

Previously, existing disclosure software primarily focused on document creation and conversion, leaving the review and editing stages heavily reliant on manual work. Invector's new function addresses this inefficiency by automatically checking for typos and spacing errors, and verifying numerical consistency. Crucially, any identified errors can be corrected directly within the software without needing to switch to a separate editor, with the changes then saved to the DSD file.

This new capability allows staff to quickly identify errors without scrutinizing the entire document. It also helps minimize the risk of simple mistakes and subsequent correction disclosures just before submission. Invector currently operates a DSD automation solution used by dozens of listed companies and large corporate groups, offering features like automatic conversion of various settlement statements into DSD files and reverse conversion to Excel.

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Going forward, we plan to continue supporting disclosure officers so they can concentrate on essential tasks like judgment and analysis rather than simple repetitive work.