Focus Universal Announces SEC Financial Reporting Software Achieves Thousand Times Faster Than Traditional Manual Approach and Launches Nationwide Non-Deal Roadshow
Focus Universal (NASDAQ:FCUV) has announced a groundbreaking advancement in SEC financial reporting software. The company's new technology operates thousands of times faster than traditional manual methods, generating comprehensive financial reports (10-K, 10-Q, S-1) in about 20 minutes with a single click. This efficiency significantly reduces the time and resources typically required for financial reporting, which can take weeks using conventional approaches.
The software enables unmanned document processing, operating 24/7 and eliminating human error risks. Focus Universal plans to expand its application to accounting, freight forwarding, insurance, and tax filing. The company is conducting nationwide non-deal roadshows to showcase this technology to potential investors. The financial reporting software market is projected to grow from $13.9 billion in 2022 to $36.6 billion by 2030, with a CAGR of 12.8% from 2024 to 2030.
Focus Universal (NASDAQ:FCUV) ha annunciato un'innovazione rivoluzionaria nel software di reporting finanziario per la SEC. La nuova tecnologia dell'azienda funziona migliaia di volte più veloce rispetto ai metodi manuali tradizionali, generando report finanziari completi (10-K, 10-Q, S-1) in circa 20 minuti con un solo clic. Questa efficienza riduce notevolmente il tempo e le risorse normalmente richieste per la reportistica finanziaria, che possono richiedere settimane utilizzando approcci convenzionali.
Il software consente un elaborazione documentale automatizzata, operando 24 ore su 24, 7 giorni su 7, ed eliminando i rischi di errore umano. Focus Universal prevede di espandere la propria applicazione a contabilità, spedizioni, assicurazioni e dichiarazioni fiscali. L'azienda sta conducendo roadshow nazionali senza accordo per presentare questa tecnologia a potenziali investitori. Si prevede che il mercato del software di reporting finanziario crescerà da 13,9 miliardi di dollari nel 2022 a 36,6 miliardi di dollari entro il 2030, con un CAGR del 12,8% dal 2024 al 2030.
Focus Universal (NASDAQ:FCUV) ha anunciado un avance revolucionario en el software de informes financieros de la SEC. La nueva tecnología de la compañía opera miles de veces más rápido que los métodos manuales tradicionales, generando informes financieros completos (10-K, 10-Q, S-1) en aproximadamente 20 minutos con un solo clic. Esta eficiencia reduce significativamente el tiempo y los recursos que normalmente se requieren para la elaboración de informes financieros, que pueden tardar semanas utilizando enfoques convencionales.
El software permite un procesamiento de documentos sin intervención humana, operando las 24 horas del día, los 7 días de la semana y eliminando los riesgos de errores humanos. Focus Universal planea ampliar su aplicación a contabilidad, logística, seguros y declaraciones fiscales. La compañía está realizando roadshows nacionales sin acuerdos para mostrar esta tecnología a posibles inversores. Se prevé que el mercado de software de informes financieros crecerá de 13,9 mil millones de dólares en 2022 a 36,6 mil millones de dólares para 2030, con una tasa compuesta de crecimiento anual del 12,8% de 2024 a 2030.
Focus Universal (NASDAQ:FCUV)는 SEC(증권거래위원회) 재무 보고 소프트웨어의 획기적인 발전을 발표했습니다. 회사의 신기술은 전통적인 수작업 방법보다 수천 배 더 빠르게 작동하며, 약 20분 만에 단 한 번의 클릭으로 포괄적인 재무 보고서(10-K, 10-Q, S-1)를 생성합니다. 이러한 효율성은 일반적으로 몇 주가 걸리는 재무 보고에 필요한 시간과 자원을 크게 줄여줍니다.
이 소프트웨어는 무인 문서 처리를 가능하게 하여 24시간 연중무휴로 운영되며 인간 오류의 위험을 제거합니다. Focus Universal는 회계, 화물 운송, 보험 및 세금 신고로의 적용을 확장할 계획입니다. 회사는 잠재적 투자자에게 이 기술을 소개하기 위해 전국적인 비거래 로드쇼를 진행하고 있습니다. 재무 보고 소프트웨어 시장은 2022년 139억 달러에서 2030년까지 366억 달러로 성장할 것으로 예상되며, 2024년부터 2030년까지 연평균 성장률(CAGR)은 12.8%입니다.
Focus Universal (NASDAQ:FCUV) a annoncé une avancée révolutionnaire dans le logiciel de rapport financier de la SEC. La nouvelle technologie de l'entreprise fonctionne des milliers de fois plus rapidement que les méthodes manuelles traditionnelles, générant des rapports financiers complets (10-K, 10-Q, S-1) en environ 20 minutes d'un seul clic. Cette efficacité réduit considérablement le temps et les ressources généralement nécessaires pour la rédaction des rapports financiers, qui peuvent prendre des semaines avec des approches conventionnelles.
Le logiciel permet un traitement des documents sans intervention humaine, fonctionnant 24 heures sur 24, 7 jours sur 7 et éliminant les risques d'erreurs humaines. Focus Universal prévoit d'étendre son application à la comptabilité, à l'expédition, aux assurances et aux déclarations fiscales. L'entreprise réalise des roadshows nationaux sans offre pour présenter cette technologie aux investisseurs potentiels. Le marché du logiciel de rapport financier devrait passer de 13,9 milliards de dollars en 2022 à 36,6 milliards de dollars d'ici 2030, avec un taux de croissance annuel composé (CAGR) de 12,8 % de 2024 à 2030.
Focus Universal (NASDAQ:FCUV) hat einen bahnbrechenden Fortschritt in der SEC-finanziellen Berichtsoftware angekündigt. Die neue Technologie des Unternehmens arbeitet tausendmal schneller als traditionelle manuelle Methoden und erstellt umfassende Finanzberichte (10-K, 10-Q, S-1) in etwa 20 Minuten mit einem einzigen Klick. Diese Effizienz reduziert erheblich die Zeit und Ressourcen, die normalerweise für die Finanzberichterstattung benötigt werden, die mit herkömmlichen Ansätzen Wochen in Anspruch nehmen kann.
Die Software ermöglicht unbemannte Dokumentenverarbeitung, die 24/7 arbeitet und das Risiko menschlicher Fehler eliminiert. Focus Universal plant, ihre Anwendung auf Buchhaltung, Speditionswesen, Versicherungen und Steuererklärungen auszudehnen. Das Unternehmen führt nationale Non-Deal-Roadshows durch, um diese Technologie potenziellen Investoren vorzustellen. Der Markt für Finanzberichterstattungssoftware wird voraussichtlich von 13,9 Milliarden US-Dollar im Jahr 2022 auf 36,6 Milliarden US-Dollar bis 2030 wachsen, mit einer CAGR von 12,8% von 2024 bis 2030.
- Developed SEC financial reporting software that is thousands of times faster than traditional methods
- New software generates comprehensive financial reports in about 20 minutes with a single click
- Technology enables 24/7 unmanned document processing, eliminating human error risks
- Plans to expand application to accounting, freight forwarding, insurance, and tax filing
- Conducting nationwide non-deal roadshows to showcase technology to potential investors
- None.
Insights
Focus Universal's SEC financial reporting software represents a significant leap forward in efficiency, potentially disrupting the financial reporting landscape. The claimed 1000x speed improvement over manual methods is extraordinary, if accurate. This could lead to substantial cost savings and reduced errors for public companies.
However, the market should approach these claims with caution. The software's ability to generate comprehensive reports in 20 minutes is impressive, but questions remain about the accuracy and completeness of such rapid processing. Regulatory bodies may scrutinize this technology closely before widespread adoption.
If proven effective, this software could capture a significant portion of the
The launch of Focus Universal's SEC financial reporting software comes at an opportune time, given the projected growth of the financial reporting software market to
The company's nationwide non-deal roadshow is a strategic move to generate investor interest and showcase their technology. However, the success of this product will largely depend on its ability to gain regulatory approval and market acceptance, particularly from large corporations and financial institutions who are typically cautious about adopting new financial technologies.
While the potential is immense, investors should closely monitor early adoption rates and regulatory responses to gauge the long-term viability and market impact of this technology.
ONTARIO, CA AND LOS ANGELES, CA / ACCESSWIRE / August 12, 2024 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today 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 (10-K, 10-Q, S-1) 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.
"We're extremely excited to announce this new product, which we believe will be highly valuable in the workplace," said Focus Universal Chief Executive Officer Dr. Desheng Wang. "We are expanding our sales and engineering teams to apply this technology to accounting, freight forwarding, insurance, and tax filing, aiming to eliminate labor-intensive manual data entry and achieve the same efficiency demonstrated in SEC financial reporting."
Focus Universal is eager to showcase this groundbreaking technology to prospective investors. Interested parties are encouraged to email ir@focusuniversal.com or call or text 626-272-3883 to schedule a meeting as early as possible. Focus Universal will be conducting non-deal roadshows in major cities nationwide this month. These events will offer investors the chance to experience firsthand the power, effectiveness, and potential applications of our technology.
The financial reporting software market size was estimated at
About Focus Universal:
Focus Universal Inc. (NASDAQ:FCUV) is a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. The company has developed five disruptive patented technology platforms with 28 patents and patents pending in various phases and 8 trademarks pending in various phases to solve the major problems facing hardware and software design and production within the industry today. These technologies combined to have the potential to reduce costs, product development timelines and energy usage while increasing range, speed, efficiency, and security. Focus currently trades on the Nasdaq Markets.
Forward-Looking Statements:
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and Focus Universal specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
For investor and media inquiries, please contact:
Skyline Corporate Communications Group, LLC
Lisa Gray
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
lisa@skylineccg.com
For company inquiries, please contact:
Investor Relations
626-272-3883
ir@focusuniversal.com
SOURCE: Focus Universal Inc.
View the original press release on accesswire.com
FAQ
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