source to stateFinancial state compilerState compiler

Zator compiles financial reality.
Source becomes executable state.
Zator compiles
financial reality.

Zator turns filings, contracts, markets, loans, narratives and workflows into executable economic state for models, agents, simulations, APIs and decisions.

The financial system is society's resource-allocation machine.
Zator makes its state legible, programmable, and reviewable.

Source compiler
filings · markets · contracts
search · web · customer systems · source lineage
capture → preserve → compile → project
Identity + time spine
CIK · CRD · LEI · RSSD · ticker
entity · instrument · period · revision time
entity spine locks every downstream claim
Typed financial compilers
GAAP / IFRS · ownership · funds · credit
macro · structured finance · regulatory forms
standards compile into executable state
Claim lifecycle
asserted · candidate · conflicting
stale · retracted · reviewed
status is a lifecycle, not a badge
Agent workflow runtime
monitor · reconcile · draft
route · update · write back
agents operate through state, not chat
Atlas projections
cockpit · API · report · deck
replay world · model ledger · terminal
same state, different surface
§01 · The missing layer

Most AI tools jump from source to output.
The durable layer is in between.

PDF in, memo out. Data room in, deck out. Transcript in, bullet points out. Useful, but it skips the layer that makes financial work compound: the maintained workflow state behind the output — entities, claims, sources, periods, units, assumptions, dependencies, controls and monitoring rules.

① · Sources
Raw evidence.

10-K footnotes, trustee reports, loan tapes, remittance files, county assessor records, call reports, central-bank speeches, market prints, customer documents, vendor feeds.

  • filings · exhibits
  • credit agreements
  • servicer reports
  • web · news · hiring
  • onchain · microstructure
② · Workflow state
The compiled middle.

Source-preserved memory of financial reality: typed claims, canonical entities, reconciled facts, dependency graph, review history, monitoring rules. The asset that makes outputs trustworthy and re-runnable.

  • typed claims · lineage
  • entity · instrument · period
  • constraint solver · audit trails
  • review & assumption capture
  • stale-dependency monitor
③ · Workflows / projections
Projections.

Memos, comps, screens, decks, dashboards, alerts, monitors, regulatory packs, agent tasks, API payloads. Once the state exists, every output is a projection — regenerable, updatable, auditable.

  • credit memo · IC deck
  • covenant monitor · alert
  • comp model · valuation
  • regulatory report
  • API · agent task
The memo is not memory.
The maintained state behind the memo is the asset.
§02 · The claim

The atom of financial AI is not the prompt. It is the sourced claim.

A number can be true and unusable. “Revenue was $10B” is not a financial fact until it is bound to an entity, period, unit, source, concept and context. Every output Zator emits ships as a typed claim with its lineage open.

Claim · fact_0007421 source-preserved
EntityABC Corp · CIK 0000320193
StatementRevenue increased 12.4% YoY.
SourceFY2025 10-K · p. 84 · table 3
Conceptus-gaap:RevenueFromContractWithCustomer
PeriodFY2025
UnitUSD
StatusReconciled
Dependenciessegment rollup · restatement check · constraint tie
Used incredit memo · comp model · alert rule
Why the claim is the unit

Prompt-centric AI does not survive production finance. Claim-centric systems do. A claim binds the value to its entity, period, unit, concept, source span, dependency graph and downstream uses. Auditability is structural, not optional.


  • true the value is correct in its own frame.
  • usable entity, period, unit and concept are bound.
  • authoritative the source has standing for this concept.
  • fresh nothing upstream has changed.
  • reviewed the human decision is captured against the object.

a number can be true and unusable. financial facts are typed objects, not strings.

§03 · Lifecycle

Stale truth is one of the most expensive hallucinations.

Most AI systems can answer a question. Zator knows when yesterday’s answer became wrong. Source updates propagate through the dependency graph and invalidate the projections they touched — with the reason attached and the next action queued.

When the world changes

A serious financial AI system needs source-update propagation as a first-class behavior. Restatement → stale fact. Amendment → stale covenant capacity. New filing → stale comp set. New macro print → stale forecast. Each one routes to the projection, the workflow, the reviewer and the next action.

a system owns the lifecycle of the answer.

  • restatement upstream concept revised → downstream claims re-derive.
  • amendment new contract clause → capacity model re-runs.
  • new filing peer 10-Q lands → comp set re-ranks.
  • macro print CPI revision → forecast field re-projects.
  • analyst review override captured → rule promoted.
Stale dependency · alert_2031 propagation · graph
Claim used inCRE underwriting memo · v3.1
Dependencycounty assessor record · parcel 04-217-09
Changeassessed value revised — +18%
Statusstale · review required
Actionre-run valuation workflow →
AffectsDCF model v7 · IC deck slide 4 · covenant scenario · watchlist row 17
Agents are temporary. State is the institution.
§04 · What we build

Six commercial surfaces. One compiled state underneath.

The compiled state layer is the asset. The surfaces are the work product — built around your sources, your controls, and the workflows that already exist in your firm.

01
Contact

A focused first conversation. We map the workflow end-to-end and identify where AI fits, what is review-ready, and what infrastructure is required first.

02
Source-grounded agents

Private agents over your own sources. Permission-aware, claim-citing, exception-routing. Built in your environment, against your controls.

03
Filing & regulatory compilers

Custom compilers for the forms your team works with: 10-K · 10-Q · ADV · 13F · NPORT · Form D · Y-9 · Call Reports · ABS-EE. Typed objects, calc-arc reconciliation, amendment chains.

04
Monitoring & alerting

Stale-dependency monitors over filings, holdings, contracts, language, ownership, macro. Typed events, deduped, with the diff in plain view.

05
Data & API access

Source-resolved facts, lineage-bearing claims, typed event streams. Used directly by quant, data, ops and downstream agent teams.

06
Cockpit panels

Browseable belief surfaces — debt walls, holdings deltas, covenant trips, IPO mechanics — with the evidence open. Built for customer-controlled deployment.

Contact workflow trace

Maps a workflow into source inventory, control points, hidden dependencies and first deployable surface.

source mapcontrol gatesfirst surface
§05 · Use cases

Source-heavy workflows that have to be correct.

Six concrete shapes. Each is a workflow, not a category — with its inputs, its compiled state, and the projections that fall out the other side.

A · Structured finance
Surveillance

ABS-EE · 10-D · trustee reports · loan tapes · TRACE · ratings docs → loan→pool→tranche→trigger state → delinquency alerts, prepayment state, collateral drift.

B · CRE
Sourcing & underwriting

Listings · parcels · assessor · recorder · zoning · debt · brokers · tenants · comps → property state → opportunity feed, valuation state, stale-comp alerts.

C · Filings
Regulatory compilers

10-K · 10-Q · ADV · 13F · NPORT · Form D · Y-9 · Call Reports → typed claims → screens, APIs, regulatory packs, monitoring alerts.

D · Credit
Covenant state

Credit agreements · indentures · amendments · financials → clauses → baskets → triggers → covenant monitor, capacity model, amendment diff, distress alerts.

E · Research
Investment memory

Filings · calls · notes · holdings · macro · news · price → thesis state → thesis tracker, memo regeneration, watchlist alerts, falsifier monitor.

F · Private
Private knowledge & agents

Customer documents · vendor feeds · CRM · warehouse → permissioned retrieval → private agents, exception queues, reports, APIs.

See full use-case detail six workflows · concrete inputs · concrete outputs
§06 · Failure modes

Where AI pilots fail in financial workflows.

A diagnostic taxonomy from working sessions: the demo passed, production did not, and each failure points back to the missing state layer.

Mode 01

The answer exists, but the source chain is broken.

No source span, no lineage, no review trail. The output cannot be checked, defended or improved.

Mode 02

The model summarizes the document. The workflow needs 17 reconciled documents.

Summary is not synthesis. Real work spans cross-references that no single document carries.

Mode 03

The pilot works on yesterday’s static folder. The world changes tomorrow.

No dependency graph, no staleness signal. The answer rots silently and the desk doesn’t know.

Mode 04

The team wants an analyst agent. They have no typed memory of analyst work.

Every agent restarts as an intern. Reviews aren’t captured. Scar tissue does not accumulate.

Mode 05

The data vendor delivers the value. Not the meaning.

Clean data without context is dead data. Period, unit, segment, revision and source all matter.

§07 · How it works

From raw source to workflow state.

The compiler preserves the original evidence, projects it into canonical objects, applies deterministic checks where structure exists, uses models where ambiguity remains, and maintains the resulting claims as versioned state.

Read the architecture deterministic checks where structure exists · models where ambiguity remains
§08 · Console

A workflow you can review.

Sources on the left, the workflow in the middle, the inspector on the right. Every step carries its evidence; every output ships with its lineage. This is what the surface looks like in practice.

Workflow Console — Competitive Monitoring · Specialty Lenders 42 source changes queued

Sources

  • Client CRM · target list
  • Vendor credit feed
  • SEC + state filings
  • Company websites
  • News + research endpoints
  • Hiring + web signals
01 · Resolve
Entity + license match
CRM ⋈ NMLS
02 · Compile
Filings → typed claims
10-Q · 8-K · S-1
03 · Map
Product + rate sheet
site change-detect
04 · Score
Competitive heat
deterministic + ML
05 · Review
Analyst exceptions
3 routed
06 · Emit
Brief · alert · API
audit trail

Inspector

Sources42 source changes
Evidence18 source-backed
Validationlicenses passed
Schemasproducts passed
Review3 exceptions
Outputsbrief · alert · API
Lineagecomplete
§09 · Engagement

How we work.

A focused first conversation. A 2–4 week working prototype on real data. A deployed system you operate. Then we extend.

01 · Contact
Map the workflow

A focused session on the actual work: inputs, sources, controls, decisions, exceptions. We leave with a typed scope and a written workflow map.

02 · Map
Sources & controls

Where the data lives, who can see what, what counts as “right.” Permissions and review points are designed in, not bolted on.

03 · Build
Working prototype

A real system on real data, end-to-end. Verifiable, lineage-bearing, exception-routable. Usable in week three.

04 · Deploy
In your environment

Built for customer-controlled data, customer hardware and bring-your-own APIs. Client-licensed sources stay client-licensed.

05 · Operate
Run & extend

We monitor the workflow, route exceptions, and harden the parts that pay off. Each pass turns probabilistic work into deterministic rules.

06 · Reuse
Inside your system

Verified work becomes a reusable module — composable into the next workflow without re-discovering the substrate underneath.

§10 · Engage

Tell us the workflow you want AI to get right.

We’re running introductory conversations with financial teams applying AI to source-heavy workflows: filings, research, structured finance, CRE, credit, market monitoring and regulatory reporting.