Issues
Accounting and Financial data are the backbone for any financial decision. It is exceedingly rare that an entity passes a perfectly clean set of data.Some of it is inevitably invalid, incomplete or inaccurate – in other words, “dirty data”.
Helping Customers For Better Decisions
Independent
In present time of fast technological changes, our brains are governed by more than fifty cognitive biases that push us towards decision based not on logic and facts, but on instincts.
Clear – Sighted Analysis
Q3 Veni helps in taking decisions that are based on logic and facts. Flooding of information in the annual report, financial statement, and 3rd party information, makes facts difficult to apply for clear logic. With so many information, it is difficult to know, what information is needed and what is not, for a logic to be correct.
Q3 Veni provides independent, clear sighted analysis of financial information of what is there on ground. This will result into increase in efficiency of the decision, which are based on information – i.e. informed decision.
Some of it is inevitably invalid, incomplete or inaccurate – in other words, “dirty data”.
Role of Q3 Veni
Q3 Veni uses AI-based modules to clean up dirty data, ensuring valid, complete, and accurate financial and accounting data for quality business decisions and insights.It is the data that makes machine smarter
Issues
“There is an urgent need to introspect and take a hard close look at whether there is a surfeit of disclosures that loads the investor with so much data and noise that the real content necessary to make an informed decision may be lost.” - From the report of Supreme Court appointed expert panel on Adani-Hindenburg row – made public on 20th May, 2023.
Role of Q3 Veni
This issue has long been identified by Q3 Veni, as One of the important issues affecting the quality of decision.Q3 Veni has designed the structure of information in a unique format, which provide all the relevant details, wherever they are provided in crowded annual report.
Issues
The various financial information are provided in the financial statement to meet the requirements of large different segments and also to comply with regulatory requirements. Therefore, it is but natural that all the relevant information may not be possible to provide at one place.Role of Q3 Veni
Q3 Veni has visualized this major issue and all the relevant details and information has been combined and shown at one place together – data and the context. Based on intensive research carried out over the period of past several years, a new format has been designed on “Togetherness Principle” – in order to accomplish the object of Q3 Veni – “That Heading without complete details are Empty.”Issues
Spillover from one balance sheet to another balance sheet - due to a change in the financial year is another difficulty in immediately identifying the history of such accounting. Investors and stakeholders of financial details are normally impatient and short of time and thus, do not look at the history of 4 to 5 years.Role of Q3 Veni
Q3 Veni provide all the relevant details at appropriate place for a period of 5 years to mitigate this risk, as an attempt to provide both Quality data in Quantity.Issues
Yearly financial statements are equally important but cannot be taken seriously for the business cycle.Role of Q3 Veni
Q3 Veni considers business cycle for the purpose of proper evaluation of the business. This business cycle is evaluated for a period of 5 years.Issues
Most of the data stakeholders work with is unstructured, for which there is no one-fit-for-all solution.Role of Q3 Veni
Q3 Veni has developed a common extending taxonomy to make the data structured and useful for better decisionIssues
Financial statements are extremely flexible. Different organizations can have dramatically different reports. Even sometimes one company can have two different reports for two years.Accounting standards provide significant choice for accounting professionals.