Case Study: LEA achieves scalable document processing for wealth management firms with Reducto

LEA cuts manual data entry by 50% with Reducto

LEA, a provider of document intelligence solutions, faced the challenge of helping large registered investment advisors (RIAs) manage thousands of complex and sensitive financial documents without forcing them to change their existing operations. The manual processes of renaming, filing, and extracting data from documents like brokerage statements and tax returns were tedious, time-consuming, and a barrier to scaling. LEA turned to Reducto's secure document AI to build a solution.

Using Reducto's AI infrastructure, LEA automated the entire document processing workflow. Reducto parses documents to extract structured data, which LEA then uses to automatically rename, organize, and file them according to each firm's specific conventions. The solution also extracts holding data to generate CSVs for other systems. The results were significant, including a 50% reduction in manual data entry and savings of 5 hours per client monthly. LEA, with just a three-person team, achieved 65% quarterly growth in documents processed for $10B+ RIAs, powered by Reducto.

LEA