Automated W9 form extraction for hassle-free compliance
- Capture key details from W9 forms with ready-to-use AI models to ensure accurate tax reporting and compliance.
- Automate payee verification checks to accurately match IRS records, minimizing compliance risk.
- Decrease processing time for client-submitted W9 forms from days to hours to accommodate higher intake volumes.
No credit card required
Take a spin around our invoice API
Learn how the Docsumo Document AI platform simplifies data extraction for invoices.
Mitigate risk through accurate extraction of W9 form data
Whether you're looking to process W9 forms for tax compliance or to generate 1099 form - Docsumo's intelligent algorithms help you extract the data you need.
General information
Individual's Name
Business Name
Exempt Payee Code
FATCA code
Address
Related information
Account Details
Requester Details
Tax Classification Details
W9 Version
Social Security Number
Other
Employer Identification Number
Signature
Date
Limited Liability Company Details
Other Details
See how it works
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5 Reasons to get the Docsumo Advantage Now!
<60sec
Reduce turnaround time for document processing from days and months to seconds
10x
Increase efficiency by 10X even as you process 10k+ documents a month
99% plus
Reduce manual and repetitive errors with intelligent automation and get accurate data from documents
Smart AI
Algorithms that self-learn based on new document formats and on the go or from manual corrections
Analytics
Make rapid decisions with easy validation and granular analytics
Readymade APIs for bank statement analysis
Approve more loans and mortgages with automated bank statement processing
Whether you underwrite personal loans, mortgages or commercial loans, process customer bank statements in real time with our readymade APIs. Docsumo's AI-based software detects changes in header/column/table positions, and subtle alterations in bank statements.
Get analytics
Make rapid decisions with AI-based transaction categorization
Measure creditworthiness by categorize transactions for your underwriting decisions. Get granular analytics on debits, credits and previous loans in the same API call.
Smart review with human-in-the-loop
Ensure 99%+ data accuracy with AI-powered review screen
Verify extracted data with our smart review screen without changing your workflow. Use Excel-like formulae to validate page totals and get better accuracy over time.
Easy integration
See bank statement data automatically on Salesforce, Quickbooks, Excel, or any financial software
Pull data from bank statement PDFs and convert them into CSV, JSON, or Excel for easy analysis and income verification. Moreover, Docsumo's intelligent processing lets you store your data securely in your existing accounting systems and financial software.
Bank statement automation case study
Learn how PaySense processed bank statements in <30 seconds
The Situation
PaySense, a multinational fintech company, processes 100,000 loan applications a month. As part of customer onboarding, the client had to examine bank statements (amongst other documents) from 100+ banks in 1,000 formats. As a result, processing each application manually would take 24 to 48 hours.
Solution
Our Document AI platform recognized document types (passport vs bank statement) based on image characteristics and send to respective API. We helped them categorize bank transaction data to figure out gross incomes, average monthly balances etc. for underwriting loans.
<30sec
Reduced processing time of unstructured data to <30 seconds
95%+
Touchless processing using smart validation rules
70%+
Processing cost reduced by automating workflow end to end
See how Docsumo can help your compliance teams
Let's talk.
Docsumo's intelligent document processing enables you to extract data easily, efficiently, and accurately. Fill up the form to speak with an automation expert.