We build products that automate capital markets-related work streams for both law firms and in-house disclosure teams. Our products are designed with input from legal practitioners and use a range of technologies, including state-of-the-art machine learning algorithms. This helps free up capacity to undertake other complex work and reduce risks through the elimination of mechanical errors.
As its name indicates, 10BE5 seeks to cut by half or more the time and cost lawyers and in-house teams spend to achieve the disclosure standards required by Rule 10b-5 under the U.S. Exchange Act of 1934 (10 becoming 5 or less).
N2N (standing for Numbers to Narrative) is 10BE5’s first product that processes and converts raw financial information into narrative disclosure suitable for MD&A or OFR disclosures in prospectuses and periodic filings.
This allows users to generate an advanced draft of the results of operations section with detailed description of the financial trends with just a few clicks. In addition, N2N flags any issues with the input and identifies points to follow up with the issuer.
Why use N2N?
N2N eliminates mechanical mistakes associated with manual drafting and calculations and improves the quality of the disclosure.
N2N dramatically reduces the time and costs spent on the drafting and review of the disclosure, freeing up resources for more mandates.
Easy to use
N2N requires little training to use. The interface is designed for maximum efficiency and integration within existing work practices.
N2N enables users to customise the presentation and other requirements.
N2N flags unusual trends within the issuer's financial results, streamlining correction and collaboration processes.
N2N can be deployed on premises, avoiding security concerns associated with the external transfer of data.
Our first product is N2N, which converts raw financial information into narrative disclosure suitable for MD&A or OFR disclosures in prospectuses and periodic filings. We have a strong product pipeline and will make further announcements in due course.
Our human vs. machine attempts suggest that for a typical capital markets deal, you could save around 35 hours using N2N.
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