Underwriters and operations team spend half of their time manually extracting and processing data from bank statements to verify income. Not only this process is slow, but it is prone of manual errors as well. With thousands of different formats, traditional rule based software is unable to convert bank statements to data reliably.
Moreover, extracted data needs to be categorized for deriving key attributes such as monthly income, average balance and previous loans for underwriting. This becomes a huge bottleneck to providing a better customer experience.
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Docsumo is one of the most efficient and best-performing software for bank statements data capture. Let’s take a look at how Docsumo can be used for extracting structured data from bank statements in a matter of Seconds.
Security and Accuracy in bank statements processing is what we strive for. Let's have a look into what you are ensured to have with Docsumo.
Our built-in intelligent OCR engine allows you to extract text from scanned bank statements as well as images.
Advanced image preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.
Extract multipage tabes from PDF bank statements and convert them to excel or JSON data for downstream processing.
Apply filters for dates, numbers and other regular expressions to extract data in desired format.
Docsumo comes with presets for processing invoices and extracting header data (invoice ID, date, totals, net, tax amounts) out of the box and without any training.
Auto-forward emails with attachments to a dedicated Docsumo email address. Docsumo captures text data from emails along with attachments.
Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.
It takes less than a minute to import a document, process it, extract all data fields from it and send the data to other apps.
Simply drag and drop documents from your local disk to upload your files in batches. You can also use our API or cloud integrations to automatically import your documents.
Docsumo converts PDF to CSV, Excel, JSON and XML files formats. You can download extracted data for any date range in the format you like.
You can easily add, delete and move any field.
We’d love to show you how you can increase your productivity, process your documents faster and save operations cost!