Leveraging Large Language Models for Few-Shot KPI Extraction from Financial Reports

We explore the use of Large Language Models (LLMs) for automating the extraction of Key Performance Indicators (KPIs) from diverse financial reports without any additional fine-tuning. We focus on evaluating various proprietary and open-source LLMs to address the joint named entity recognition and relation extraction tasks essential for accurately linking KPIs to their corresponding values and attributes. Our study highlights the technical challenges involved in the extraction process and presents a comprehensive evaluation of the models’ effectiveness. Our results reveal significant insights into handling these LLMs in such a crucial environment and showcase the transformative potential of LLMs in enhancing financial analysis and decision-making.

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Publication Details

Published
2024-12-15
DOI
https://doi.org/10.1109/bigdata62323.2024.10825458
Citations
3
Primary Topic
Stock Market Forecasting Methods
Type
article
Field-Weighted Citation Impact
1.47

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article

Leveraging Large Language Models for Few-Shot KPI Extraction from Financial Reports

Tobias Deußer, Christian Bauckhage, Cong Zhao, Rafet Sifa et al.
3 citations
Stock Market Forecasting Methods
1.47
article

Leveraging Large Language Models for Few-Shot KPI Extraction from Financial Reports

Tobias Deußer, Christian Bauckhage, Cong Zhao, Rafet Sifa, Lars Hillebrand, Daniel Uedelhoven, Lorenz Sparrenberg
article en
3 citations

Abstract

We explore the use of Large Language Models (LLMs) for automating the extraction of Key Performance Indicators (KPIs) from diverse financial reports without any additional fine-tuning. We focus on evaluating various proprietary and open-source LLMs to address the joint named entity recognition and relation extraction tasks essential for accurately linking KPIs to their corresponding values and attributes. Our study highlights the technical challenges involved in the extraction process and presents a comprehensive evaluation of the models’ effectiveness. Our results reveal significant insights into handling these LLMs in such a crucial environment and showcase the transformative potential of LLMs in enhancing financial analysis and decision-making.

University of Bonn (DE), Fraunhofer Institute for Intelligent Analysis and Information Systems (DE)
Ministry of Education
Openalex Percentile: Top 15%
Stock Market Forecasting Methods
1.47
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