Financial analysis solution startup IC announced on the 7th that it has launched “Aicy,” Korea’s first artificial intelligence-based monthly financial analysis platform.

IC is a monthly subscription financial analysis service platform that provides financial analysis reports for companies through AI and RPA-based technologies.

IC adopts the artificial intelligence method and provides professional financial analysis reports monthly while reducing the time and cost required for existing financial analysis only by uploading Excel files.

An IC official said, “We drastically lowered the threshold for companies to enter financial analysis by adding ERP development technology and accounting and financial expertise to use the developed service at 50,000 won per month.” The time required for financial analysis is three minutes.

When using the service, startups can systematically manage their financial information and financial statements in the early stages of the business to increase confidence in future investors. You can also accurately grasp your financial status before receiving investment or in the process of attracting investment.

Small and medium-sized companies can immediately use financial information necessary for each situation, such as IC’s return on equity (ROE) 4-WAY analysis and corporate value evaluation, instead of external consulting that is burdensome. It can also reduce resources required for working-level workers to work overtime.

Investors such as venture capital (VC) can use it for follow-up management after investing in startups. The director, the source information of the company, can be immediately reported without modification to provide reliable management performance.

CEO Amy Lee of IC said, “The financial information of the company is all made up of numbers, and overseas companies can provide services immediately,” adding, “We will push to enter overseas markets after securing rapid demand in the domestic market.”