Updated Version of Pesseract
Wednesday, May 30, 2018 at 08:31AM
Charlie in Digital Financial Reporting

The software developer and I that are creating Pesseract have made an updated version and license available.  You can get that new version and/or license here on the "Get Started/Download" tab.

The new version fixes bugs, adds some new functionality, and has a license that will work until December 31, 2018.  (If you only want the new license to use with your current verion of Pesseract, please contact me.)

We know of about 25 people that have been using Pesseract.

As far as we know, Pesseract is the first GUI level software application intended to be used by accounting professionals that leverages artificial intelligence to create financial reports.  Pesseract works with US GAAP, IFRS, or other reporting schemes or for general business reporting.  Pesseract can be used for accounting process automation and/or robotic finance.

Stay tuned.  More updated versions of Pesseract will be made available between now and the end of the year.

Here are some interesting examples and samples you can play with:

  1. General Profile, Dynamic Rules (dynamically add model structure, disclosure mechanics, and reporting checklist rules by linking the rules to the XBRL instance)
  2. Lorem Ipsum General Profile, Five Different Sets of Labels (labels are connected to schema; note that the labels are gibberish)
  3. Lorem Ipsum General Profile, APPEND LINKBASE (only EN labels are connected, other four sets of labels can be APPENDED to XBRL instance via "append linkbase"; again, note that the labels are gibberish)
    1. ES
    2. HU
    3. KO
    4. JA
  4. Here are 250 XBRL-based reports that use IFRS that have been submitted to the SEC which you can fiddle with. (See column with title 'XBRL instance')
  5. Load this XBRL instance that makes use of the IFRS taxonomy.  Then, APPEND this references linkbase which adds examples to the text blocks.  Go to the report element information for any text block to see the link to the examples.)
  6. Load this XBRL instance. Now, append each of these XBRL instances:
    1. 2011
    2. 2012
    3. 2013
    4. 2014
    5. 2015
    6. 2016


Article originally appeared on Intelligent XBRL-based structured digital financial reporting using US GAAP and IFRS (http://xbrl.squarespace.com/).
See website for complete article licensing information.