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H OME / BL OG / ADV ANTAGE S OF CONV E R TING PDF TO X ML , U S E OF X ML

ADVANTAGES OF CONVERTING PDF TO XML, USE OF XML

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ADVANTAGES OF CONVERTING PDF TO XML, USE OFXMLPosted 10 March 2016 In Blog

SEVERAL ORGANIZATIONS NEED TO CONVERT PDF TO EXCEL ANDSCRAP INFORMATION FROM THE WEB TO FEED FINANCIALMODELING OR GENERATING EXCEL SPREADSHEET TEMPLATES.It is also advantageous to convert pdf to xml format. While this type of conversion is less obvious it doeshave its advantages when the file to be converted needs to be processed, stored and shared acrosscomputers, applications and locations.

In this article we discuss a general framework for convert pdf to xml and xml usage in these sectors.Companies that need to incorporate many disparate systems including legacy systems when dealingwith format for data storage and handling.

For companies that :

Need to incorporate many lines of business.remain competitive by entering into new areas of growth.

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Domestic and International markets, implying exchanges of data across geographiesNeed for interoperability and streamlined processes.Need to interoperate inside and outside of corporate walls

In liu of these general needs it will happen that the data acquired by an analyst that is web scraping infoto create financial models in one location would be needed by an automated modeling software in adifferent location. Therefore if you can convert pdf to xml you can make the data and data formatavailable across the organization. Some of the distinct advantages of XML and to convert pdf to xml are:

XML can be used to describe and identify information accurately and unambiguously, in a way that computerscan be programmed to ‘understand’ your information. Thus is you convert pdf to xml you can have automatedprocesses run onto the xml file.XML allows sets of documents which are all the same type to be created and handled consistently and withoutstructural errors, because it provides a standardized way of describing, controlling, or allowing/disallowingparticular types of document structure.XML provides a robust and durable format for information storage and transmission. Robust because it isbased on a proven standard, and can thus be tested and verified; durable (persistent) because it uses plain-text file formats which will outlast proprietary binary ones. This is particularly relevant when you intent toconvert pdf to xml to transfer information and store it over a long time.XML provides a common syntax for messaging systems for the exchange of information between applications.Previously, each messaging system had its own format and all were different, which made inter-systemmessaging unnecessarily messy, complex, and expensive. If everyone uses the same syntax it makes writingthese systems much faster and more reliable.XML is free. Not just free of charge,but free of legal encumbrances.

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XML information can be manipulated programmatically (under machine control), so XML documents can bepieced together from disparate sources, or taken apart and re-used in different ways. They can be convertedinto any other format with no loss of information. This means once more that if you convert pdf to xml as a ruleof business, you can later invoke several xml files from several machines and location and build financialmodels.

In some institutions that deal with a variety of forms, for example loan and credit processing, the xmlformat is very useful. Suppose you want to build a routine to check if there is a tendency of a certaintype of customers to default on credit, you will need to gather data from both digital and canned form.In this respect

Financial institutions often deal with the need to convert pdf to excel andscrap information from theweb to feed financial modelingor generating excelspreadsheet templates.

It is also advantageous to convert pdf to xml format for a variety of financial institutions. While this typeof conversion is less obvious it does have its advantages when the file to be converted needs to beprocessed, stored and shared across computers, applications and locations.

In this article we consider investment banks, retail banks, investment management, loan processorsand generally credit processors. We discuss a general framework for convert pdf to xml and xml usagein these sectors. Financial services need to incorporate many disparate systems including legacysystems when dealing with format for data storage and handling.

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Additionally financial services :

Need to incorporate many lines of business.Financial institutions remain competitive by entering into new areas of growth.Domestic and International markets, implying exchanges of data across geographiesNeed for interoperability and streamlined processes.Need to interoperate inside and outside of corporate walls

In liu of these general needs it will happen that the data acquired by an analyst that is web scraping infoto create excel models in one location would be needed by an automated modeling software in adifferent location. Therefore if you can convert pdf to xml you can make the data and data formatavailable across the organization. Some of the distinct advantages of XML and to convert pdf to xml are:

XML can be used to describe and identify information accurately and unambiguously, in a way that computerscan be programmed to ‘understand’ your information. Thus is you convert pdf to xml you can have automatedprocesses run onto the xml file.XML allows sets of documents which are all the same type to be created and handled consistently and withoutstructural errors, because it provides a standardized way of describing, controlling, or allowing/disallowingparticular types of document structure.XML provides a robust and durable format for information storage and transmission. Robust because it isbased on a proven standard, and can thus be tested and verified; durable (persistent) because it uses plain-text file formats which will outlast proprietary binary ones. This is particularly relevant when you intent toconvert pdf to xml to transfer information and store it over a long time.XML provides a common syntax for messaging systems for the exchange of information between applications.

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Previously, each messaging system had its own format and all were different, which made inter-systemmessaging unnecessarily messy, complex, and expensive. If everyone uses the same syntax it makes writingthese systems much faster and more reliable.XML is free. Not just free of charge,but free of legal encumbrances.XML information can be manipulated programmatically (under machine control), so XML documents can bepieced together from disparate sources, or taken apart and re-used in different ways. They can be convertedinto any other format with no loss of information. This means once more that if you convert pdf to xml as a ruleof business, you can later invoke several xml files from several machines and location and build financialmodels.

In some organizations that deal with a variety of forms, the xml format is very useful. Suppose you wantto build a routine to check if there is a tendency of a certain type of customers to default on credit, youwill need to gather data from both digital and canned form. In this respect Tabex is an ideal solution foryour data ingestion process to convert pdf to xml and than automate that data handling in xml. It allowsyou to ingest tabular data from web, digital data bases via screen capture and scanned forms such asPDF forms. Aproprietary algorithm allows you to recognize tabular structures and transfer this info intothe xml file. As a result when you convert pdf to xml with Tabex you have a powerful tool to help yourautomation and productivity in financial modeling, credit analysis, fraud analysis, logistics and otherrelevant processes.

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