VeriFast Redefines Verification: 2x Faster, 125% More Accurate Income Data Capture
Explore how this Canadian identity and income verification company solved the complexities in manually processing 100s of monthly bank statements using Document AI.
Impact Achieved
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“When we first got our hands on the solution, what impressed us was the interface for the review screen, and it instantly clicked to us that we hadn’t seen anything like it before. The Docsumo UI made it easier for the team to navigate across the entire platform and get onboarded faster.”
What You’ll Find in the eBook
2-Fold Challenges
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The legacy OCR tool extracted data with 40% accuracy, delaying decision-making
Four sales executives took charge of manually refining the data across 70-80 pages of bank statements monthly
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What They Achieved with Document AI
Reducing document processing time from 60 minutes to 1.5 minutes
Achieving 90% accuracy in data extraction from complex bank statements with Document AI
How Docsumo Works
Read through to find what inspires Verifast to partner up with Docsumo and achieve their north-star metric
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