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Hitachi Reconciles Data Capture 2x Faster For 3k+ Bank Statements Monthly
Explore how this Indian subsidiary of Hitachi processes over 36k+ bank statements across 50+ varying layouts while saving 6k hours for the accounting team.
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Impact Achieved
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“As a white label ATM provider, we were completely overburdened with monthly reconciliation from bank statements sent by our ATM operators. With Docsumo, we are able to process bank statements in less than 2 mins with an accuracy rate over 99%.”
What You’ll Find in the eBook
2-Fold Challenges
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Accounting team manually processed 3,000+ bank statements monthly
Categorization of transactions in the documents took up to 2 to 3 hours for a single bank statement
What They Achieved with Document AI
Reducing document processing time from 2 hours to 2 minutes
Identifying complex data labels across 50+ bank statement templates via advanced AI and NLP algorithms
How Docsumo Works
Uncover how Hitachi Payments auto-ingests bank statements as PDFs or JPGs to reconcile payments to ATM operators
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