Pre-diligence AI Automation for 514 Equity Group
We built an AI system that automatically reviews and analyzes CIMs for 514 Equity Group. It extracts key data, generates a decision dashboard, and produces an investment memo. This automation replaces their manual process and saves over $80,000 annually.
The Problem
514 Equity Group was wasting hours every week to go through CIMs and data rooms for potential deals. They went through each CIM manually and created a go/no-go investment memo. They were paying $80,000 a year to an analyst to do the above mentioned tasks.
The Solution
We built an AI Automation which goes through the CIM and extracts information, be it text, graphs, tables or images. This information is processed and sent to an LLM which processes and segregates data. The segregated data is sent to a google sheet which creates a dashboard. This dashboard gives a go/no-go view for each parameter.
How It Works
STEP 1: They upload the CIM with some information into a simple-to-use Tally form.
Step 2: This information is sent to a Google sheet, which triggers the automation.
Step 3: The CIM is downloaded on our server as a temp file.
Step 4: Each page of the CIM is converted from a pdf file to png images. We’re using the ‘pdftoppm’ command line utility for the conversion.
Step 5: These images are then looped through an OCR to extract text.
Step 6: If the page contains an unlabeled bar graph or chart, it segregates that page and sends it to an AI agent which parses information using an LLM model that has visual capabilities.
The pages are segregated based on two criteria; 1) if the page has words like “exhibit” and 2) the page has more than 20% digits. If these two criteria are met, we know that there is a graph on that page.
Step 7: All the extracted data is sent to another LLM which goes through it and finds/calculates the information needed to make a decision.
Step 8: All the calculated/extracted fields are sent to a google sheet which calculates and shows a dashboard for different metrics the company needs to track.
Inputs tab: This is where the extracted fields from the CIM are filled in.
KPI Dashboard tab: This is where they see if this deal is a go/no-go based on different parameters.
Step 9: Based on all the calculated data, the AI agent creates an investment memo and sends it via email.
The Result:
514 Equity Group now saves $80,000 per year.