Focus Universal announces ‘faster’ operation of SEC financial reporting software

Focus Universal announced that its SEC financial reporting software operates thousands of times faster than traditional manual methods. Financial reporting is the process through which an organization communicates its financial performance to stakeholders. Companies regularly file reports such as 10-K and 10-Q with the SEC to provide a comprehensive view of their financial health. Meeting reporting deadlines is crucial, as late filings or errors can lead to regulatory review, enforcement action, and penalties. Moreover, the manual entry of hundreds or thousands of financial numbers poses significant challenges and risks of human error. Preparing these reports is not only costly but also time-consuming, often straining resources and interfering with other reporting deadlines. In contrast to the manual approach used by current SEC financial reporting providers, Focus’ software represents a revolutionary advancement. With a single click, the Focus software can generate new comprehensive financial reports within about 20 minutes-an efficiency thousands of times faster than traditional manual processes, which typically takes a team of professionals several weeks to complete. Our technology enables unmanned document processing, allowing hundreds or thousands of documents to be processed continuously, 24 hours a day, 7 days a week, effectively utilizing time beyond standard working hours without human involvement and eliminating the risk of human error.