Focus Universal Announces SEC Financial Reporting Software Achieves Thousand Times Faster Than Traditional Manual Approach and Launches Nationwide Non-Deal Roadshow

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 [e-mail] 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.