Case Study: a leading retail investment services firm achieves 80% faster audit validation with Infrrd’s AI-Enabled Platform

Infrrd’s AI-Enabled Platform for Audit Workflow Automation for Investment Service Industry

Infrrd worked with a leading retail investment services firm, a major U.S. mutual fund manager serving more than 21 million customers, to improve the validation of large volumes of trading account statements. The firm’s manual, sample-based audit process was labor-intensive, error-prone, and struggled to handle complex layouts, charts, superscripts, footnotes, and data spread across PDFs and XML files.

Using Infrrd’s Intelligent Data Capture Platform, the company automated document ingest, preprocessing, classification, table and text extraction, ML enrichment, validation, aggregation, and integration. Infrrd’s solution preserved layouts, extracted hard-to-read fields and footnotes, and cross-referenced data accurately, reducing turnaround time by 80% while ensuring all trading account statements were validated.