A closer look at how Ziligence works

by ziligence

Ziligence has built a reliable platform, optimizing the cost benefits of open-source software and cloud hosting. Our platform is designed from the back-end forward to support our premise of being the affordable solution for financial research. We aim to enable better decision making by providing useful and reliable information as quickly as possible. This is how we are doing it:

Software: Linux, Apache, mySQL, PHP
Hardware: Amazon EC2 Servers

Ziligence runs a proprietary algorithm that completely processes a full set of financial statements in less than 20 seconds. Processing times range from as little as 10 seconds to 30 seconds, depending on how much processing is required. A filing for Bank of America may require 30 seconds to abstract and process. For every Bank of America filing, there are 50 smaller companies whose filings are processed in just 10 seonds. Over the course of 18 months, our algorithm was developed and extensively tested. We delicately balanced speed with accuracy, as we assembled our process that effectively works across all U.S. public companies, for both Text and HTML filings.

Our algorithm is contiguous, meaning we are simultaneously extracting values and generating all of the derived datasets. Thus, our current and trailing twelve month values in each dataset are updated simultaneously. All the meanwhile, values are validated through several multi-step processes, comparing it against records that are already in our database. In our “as filed” statements, we maintain the appropriate sequence, as new line items are introduced. By maintaining the appropriate order, we ensure our users are reading the statements as if they were overlaying eachother accross time.

About Ziligence:
Ziligence is the affordable solution for financial research, providing subscribers with web-based access to detailed earnings and valuation data for all U.S. public companies. Joe Miller founded the company in February 2011, and was released in a private beta launch on May 1, 2012.