Automate data extraction from IRS Tax Returns with 99%+ accuracy

  • Speed underwriting decisions by extracting all required data with 95%+ automation.
  • Increase loan originations with speedier underwriting via automated validation checks
  • Save hundreds of hours on review with self-learning AI/ML model.
No credit card required
Bank Statement Processing with AI

Put our IRS Tax Return OCR to test

Upload your Tax Return file, to see how it works.

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June-july 2020 Statement convertes.xlsx
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Make smarter lending decisions with accurate borrower data

Whether you're looking to process Tax Return documents for underwriting decisions or credit profile verification - Docsumo's intelligent algorithms gets the data within seconds
General information
Filing status
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Social security number
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Standard deduction
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Healthcare coverage
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Address
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Related information
Dependent information
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Wages, salaries, tips
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Pensions and annuities
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Capital gain or loss
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Adjustments to income
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Other
Standard deduction
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Self-employed Tax
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Child Tax Credit
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Earned Income Credit (EIC)
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Routing Number
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See how it works

Get to know how Docsumo simplifies data extraction for any Tax Return document

See how it works

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Document ingestion
Auto-classify documents
Auto-split & convert documents
Pre-trained models (MOST USED)
Train your model
Smart table extraction
Human in the Loop
Straight Through Processing (STP)
Validation Checks
Reporting
Integration
Export
Best in class for capturing data from financial documents.
We are using Docsumo’s APIs for automating data capture from bank statements and identity cards while onboarding customers. It has  reduced the time our operations team spends on data entry by manifoldswhile providing a much better customer experience. "
Prashanth Ranganathan
Chief Executive Officer, PaySense (A PayU company)
Prashanth Ranganathan from Paysense

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.
Automated Bank Statement Processing for Loan Approvals
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.
Automatic Transaction Categorization with Artificial Intelligence
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.
AI powered validation of extracted data
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.
Automatically Export Bank Statements to Financial Softwares
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.
Bank Statement Case Study of PayU
<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 we can help your Accounts and Finance teams.
Let's talk.
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Docsumo's intelligent document processing enables you to extract data easily, efficiently, and accurately. Fill up the form  to speak with an automation expert.
G2 & Capterra Ratings for Docsumo