10BE5 products are designed with input from legal practitioners and use a range of technologies, including state-of-the-art machine learning algorithms. This helps free up capacity to undertake other complex work and reduce risks through the elimination of mechanical errors.
10BE5 seeks to cut by half or more the time and cost lawyers and in-house teams spend to achieve the disclosure standards required by Rule 10b-5 under the U.S. Exchange Act of 1934 (10 becoming 5 or less). N2N (standing for Numbers to Narrative) is 10BE5’s first product that processes and converts raw financial information into narrative disclosure suitable for MD&A or OFR disclosures in prospectuses and periodic filings.
This allows users to generate an advanced draft of the results of operations section with detailed description of the financial trends with just a few clicks. In addition, N2N flags any issues with the input and identifies points to follow up with the issuer.