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Large Language Models (LLMs) have demonstrated remarkable performance on a wide range of Natural Language Processing (NLP) tasks, often matching or even beating state-of-the-art task-specific models. This study aims at assessing the…

Computation and Language · Computer Science 2023-10-16 Ethan Callanan , Amarachi Mbakwe , Antony Papadimitriou , Yulong Pei , Mathieu Sibue , Xiaodan Zhu , Zhiqiang Ma , Xiaomo Liu , Sameena Shah

Financial statement auditing is essential for stakeholders to understand a company's financial health, yet current manual processes are inefficient and error-prone. Even with extensive verification procedures, auditors frequently miss…

Information Retrieval · Computer Science 2025-06-24 Rushi Wang , Jiateng Liu , Weijie Zhao , Shenglan Li , Denghui Zhang

This study introduces a benchmark framework for evaluating the financial decision-making capabilities of large language models (LLMs) through portfolio optimization problems with mathematically explicit solutions. Unlike existing financial…

Portfolio Management · Quantitative Finance 2026-05-28 Hanyong Cho , Jang Ho Kim

Advanced intelligent systems, particularly Large Language Models (LLMs), are significantly reshaping financial practices through advancements in Natural Language Processing (NLP). However, the extent to which these models effectively…

Computation and Language · Computer Science 2025-06-27 Jatin Gupta , Akhil Sharma , Saransh Singhania , Mohammad Adnan , Sakshi Deo , Ali Imam Abidi , Keshav Gupta

The proliferation of complex structured data in hybrid sources, such as PDF documents and web pages, presents unique challenges for current Large Language Models (LLMs) and Multi-modal Large Language Models (MLLMs) in providing accurate…

Information Retrieval · Computer Science 2025-08-22 Shivani Upadhyay , Messiah Ataey , Syed Shariyar Murtaza , Yifan Nie , Jimmy Lin

Large Language Models (LLMs), consisting of 100 billion or more parameters, have demonstrated remarkable ability in complex multi-step reasoning tasks. However, the application of such generic advancements has been limited to a few fields,…

Computation and Language · Computer Science 2023-06-27 Guijin Son , Hanearl Jung , Moonjeong Hahm , Keonju Na , Sol Jin

Large Language Models (LLMs) have demonstrated exceptional capabilities in various natural language tasks, often achieving performances that surpass those of humans. Despite these advancements, the domain of mathematics presents a…

Computation and Language · Computer Science 2024-04-02 Ankit Satpute , Noah Giessing , Andre Greiner-Petter , Moritz Schubotz , Olaf Teschke , Akiko Aizawa , Bela Gipp

Large language models (LLMs) are increasingly reshaping learning paradigms, cognitive processes, and research methodologies across diverse domains. As their adoption expands, effectively integrating LLMs into professional fields and…

Computation and Language · Computer Science 2026-02-10 Jie Zhou , Xin Chen , Jie Zhang , Zhe Li

Large Language Models (LLMs) exhibit remarkable capabilities across a spectrum of tasks in financial services, including report generation, chatbots, sentiment analysis, regulatory compliance, investment advisory, financial knowledge…

Computational Engineering, Finance, and Science · Computer Science 2025-06-02 Hariom Tatsat , Ariye Shater

Large language models (LLMs) show promise for natural language tasks but struggle when applied directly to complex domains like finance. LLMs have difficulty reasoning about and integrating all relevant information. We propose a…

Computation and Language · Computer Science 2023-11-15 Zhixuan Chu , Huaiyu Guo , Xinyuan Zhou , Yijia Wang , Fei Yu , Hong Chen , Wanqing Xu , Xin Lu , Qing Cui , Longfei Li , Jun Zhou , Sheng Li

Better understanding of Large Language Models' (LLMs) legal analysis abilities can contribute to improving the efficiency of legal services, governing artificial intelligence, and leveraging LLMs to identify inconsistencies in law. This…

Computation and Language · Computer Science 2023-06-13 John J. Nay , David Karamardian , Sarah B. Lawsky , Wenting Tao , Meghana Bhat , Raghav Jain , Aaron Travis Lee , Jonathan H. Choi , Jungo Kasai

Business Process Management (BPM) aims to improve organizational activities and their outcomes by managing the underlying processes. To achieve this, it is often necessary to consider information from various sources, including unstructured…

Computation and Language · Computer Science 2023-07-20 Michael Grohs , Luka Abb , Nourhan Elsayed , Jana-Rebecca Rehse

Large Language Models (LLM), which have developed in recent years, enable credit risk assessment through the analysis of financial texts such as analyst reports and corporate disclosures. This paper presents the first systematic review and…

Risk Management · Quantitative Finance 2025-06-10 Muhammed Golec , Maha AlabdulJalil

Context: Large Language Models (LLMs) enable automation of complex natural language processing across domains, but research on domain-specific applications like Finance remains limited. Objectives: This study explored open-source and…

Software Engineering · Computer Science 2025-09-30 Theo Koraag , Niklas Wagner , Felix Dobslaw , Lucas Gren

Financial large language models (FinLLMs) have been applied to various tasks in business, finance, accounting, and auditing. Complex financial regulations and standards are critical to financial services, which LLMs must comply with.…

Computational Engineering, Finance, and Science · Computer Science 2025-01-14 Keyi Wang , Jaisal Patel , Charlie Shen , Daniel Kim , Andy Zhu , Alex Lin , Luca Borella , Cailean Osborne , Matt White , Steve Yang , Kairong Xiao , Xiao-Yang Liu Yanglet

Large Language Models (LLMs) have shown remarkable capabilities across a wide variety of Natural Language Processing (NLP) tasks and have attracted attention from multiple domains, including financial services. Despite the extensive…

Computation and Language · Computer Science 2025-01-14 Jean Lee , Nicholas Stevens , Soyeon Caren Han , Minseok Song

Numerical reasoning is an important task in the analysis of financial documents. It helps in understanding and performing numerical predictions with logical conclusions for the given query seeking answers from financial texts. Recently,…

Computation and Language · Computer Science 2026-01-13 Aryan Mishra , Akash Anil

Large Language models (LLMs) usually rely on extensive training datasets. In the financial domain, creating numerical reasoning datasets that include a mix of tables and long text often involves substantial manual annotation expenses. To…

Artificial Intelligence · Computer Science 2024-01-22 Ziqiang Yuan , Kaiyuan Wang , Shoutai Zhu , Ye Yuan , Jingya Zhou , Yanlin Zhu , Wenqi Wei

The rapid advancement of Large Language Models (LLMs) in the realm of mathematical reasoning necessitates comprehensive evaluations to gauge progress and inspire future directions. Existing assessments predominantly focus on problem-solving…

Computation and Language · Computer Science 2024-06-05 Xiaoyuan Li , Wenjie Wang , Moxin Li , Junrong Guo , Yang Zhang , Fuli Feng

As financial institutions increasingly adopt Large Language Models (LLMs), rigorous domain-specific evaluation becomes critical for responsible deployment. This paper presents a comprehensive benchmark evaluating 23 state-of-the-art LLMs on…

Computation and Language · Computer Science 2025-09-23 Pranam Shetty , Abhisek Upadhayaya , Parth Mitesh Shah , Srikanth Jagabathula , Shilpi Nayak , Anna Joo Fee