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Finansi.bg faced the formidable task of developing a platform that could efficiently extract and present critical financial data from a vast and diverse set of documents. The primary challenge was dealing with inconsistently structured data across __2 million documents__, where not all pages held relevant information. This required a sophisticated solution to accurately sift through the noise and extract only the most pertinent data. Additionally, the platform needed to maintain high Google rankings, deliver exceptional site speed, and ensure a seamless user experience across all major browsers, all while controlling costs in processing and managing this extensive data.

Challenge

To address these challenges, we employed a data-driven approach leveraging __advanced AI__ and __data processing tools__. We integrated a monolithic architecture using Laravel and employed AI-driven data processing to efficiently manage and categorize the vast datasets, which included over __2 million records__ in the document database.

Key technologies included __Retrieval Augmented Generation (RAG)__ for enhanced data retrieval and __VoyageAI__, which provided superior results compared to traditional __OpenAI embeddings__. These tools, combined with __Azure OpenAI Service__ for deploying and scaling AI models and __ChromaDB__ for vector-based data retrieval, allowed us to streamline the process of extracting, organizing, and analyzing financial information with unprecedented accuracy and efficiency.

Finansi case study solution

Solution

By using __VoyagerAI__ and __ChromaDB__, we automated the extraction of key financial data from over half a million documents, significantly reducing manual effort and ensuring high accuracy. An entire pipeline was developed __to sanitize and normalize the data__, which was then processed by multiple algorithms to produce standardized outputs. 

Throughout the process, __error detection algorithms__ flagged documents or pages for manual review, ensuring the highest level of data integrity. Out of all processed documents (__over than 2 million__), __fewer than 8k__ required human intervention, highlighting the efficiency and accuracy of the automated system.

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AI-Powered Document Classification

Our innovative approach reduced the expected data processing costs by __80%__ through the application of various resource optimization techniques, making the solution __highly cost-efficient__. By calculating the wages of manual data processors, it was evident that handling this volume manually would have been prohibitively expensive and time-consuming.

In contrast, our AI-driven solution slashed costs by __99.1%__, reducing the expense from an estimated __2 million euros__ to just __18k euros__. This automation accomplished in a fraction of the time what would have taken a team of employees __over a year__ to process manually. This not only made the project financially viable but also ensured timely and scalable data handling for ongoing operations.

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Cost-Effective Data Processing

The team achieved a __98-speed rating__ by leveraging modern tools like __Next.js, React and TailwindCSS__, optimizing the platform for rapid performance across all major browsers. This focus on cross-browser compatibility ensures a seamless and responsive experience on any device or browser. The result is a highly efficient platform that exceeds industry standards for speed and usability, driving user engagement and satisfaction.

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High-Performance Web Architecture

Discover how Finansi.bg leveraged AI to revolutionize financial data extraction, achieving __40x__ the speed of manual methods. While competitors processed __10k__ companies per month with errors, our solution analyzed __416,000__ companies monthly. This breakthrough led to rapid user growth and an __80%__ reduction in operational costs.

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210,000

Discover how Finansi.bg leveraged AI and advanced data processing to create a high-performance financial information platform, achieving 160K users in one year and reducing data processing costs by 80%. Learn how innovative technology solutions can drive growth and efficiency in FinTech.

Transforming FinTech: How Finansi.bg Used AI to Achieve 160K Users and Cut Costs by 80% 

Emil-Popov

Finansi.bg Leveraged AI to Transform Financial Data Processing, Achieving 250k Users in Just One Year

In an increasingly competitive marketplace, businesses often struggle with managing online reviews across multiple platforms, such as Google, Yelp, and Facebook. Manual review management leads to missed opportunities, particularly with unfair negative reviews and under-leveraged positive reviews. ReviewHero set out to address these challenges with a data-driven approach, using AI to automate key processes like review collection, response generation, and market analysis.

The goal was to provide businesses with a tool that not only simplifies review management but also enhances customer satisfaction and increases sales through improved online visibility.

Lexis Solutions worked closely with ReviewHero to develop a cutting-edge, AI-powered platform that automates the entire review lifecycle. Key features include:

- __Rating Radar with AI Analytics__: Tracks reviews in real time across 20+ review portals and leverages AI to analyze sentiment trends and detect patterns, helping businesses stay on top of customer feedback
- __Review Collection__: A personalized campaign page automates the process of collecting reviews from customers via email, QR code, widgets, and NFC stickers, using machine learning to optimize engagement.
- __AI-Powered Commenting__: Our advanced AI automatically generates personalized, authentic responses to reviews with just one click. The system learns from each business’s preferred tone and customer engagement style, ensuring consistent and meaningful interactions.

app.reviewhero.io dashboard

ReviewHero’s dashboard provides businesses with real-time, actionable insights into customer sentiment and feedback. By analyzing thousands of reviews, the platform surfaces trends and offers data-backed recommendations to help businesses refine their offerings and customer service strategies.

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Data-Driven Insights

ReviewHero uses data-driven automation to market positive reviews effortlessly. Businesses can showcase their best customer feedback using rating seals, widgets, and video testimonials, with AI ensuring the content stays updated and relevant. This feature boosts visibility and customer trust while requiring minimal manual intervention.


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Automated Review Marketing

Each business is equipped with a fully SEO-optimized profile page, which is constantly updated by AI to improve search engine rankings and maximize visibility. This digital “shop window” allows potential customers to discover businesses quickly, enhancing their online presence.

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SEO-Optimized Profiles

ReviewHero is building a one-of-a-kind online reputation management platform for SMBs in Germany that gathers customer review insights, boosts engagement, and automates engagement on popular platforms using AI.

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65M+

20M+

500+

Nicolas Capri Avatar

ReviewHero creates the first AI-powered online reputation platform for Germany

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balans.bg resources attached to law article 

2019 was the year Kreston BulMar - the most prominent Bulgarian accounting and consulting agency in the last 25+ years, went to create a unique platform for further sharing its vast knowledge. The critical part was managing the thousands of documents accumulated over the last three decades. Lexis Solutions rose to the challenge. An abundant administration with sophisticated document parsing algorithms and a responsive, SEO-optimized client application was created, offered, and successfully implemented.

Balans.bg has nearly 4 000 unique resources separated into 13 categories - calculators, articles, legal acts, videos, news, textbooks, etc. With such a rich database, the platform offers its users a solution for every business case.

solution-balance

Each resource has connections to other resources, and their sum accounts for well over 10 000 links. By visualizing and organizing linked resources, users can seamlessly acquire a complete understanding of the issue and hand and solve their professional case.

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Resources are interconnected

Balans.bg detects whenever law articles are updated and notifies admins of potentially outdated resources. The process has been guaranteed by the links between resources and legal acts and guarantees.

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Constant updates

Because of the fantastic architecture, feature planning, and caching for quick access, each user can find their needed solutions as fast as the speed of light.

speed

Performance as fast as the speed of light

Kreston BulMar is the most prominent Bulgarian accounting and consulting agency, which, over the last 25+ years, has authored thousands of articles, analyses, commentaries, videos, handbooks, and a dozen textbooks. By 2019 they came to the idea of establishing a long-term partnership with an IT company to help them create a custom knowledge management platform to organize and monetize their professional expertise.

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15K+

24K+

120%

Kreston BulMar teamed with Lexis for a custom platform, making 25 years of expertise accessible. Now reaching over 15K users.

Balans.bg surpasses 15K users on legal-tech platform with a knowledge base spanning 25 years

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