Product Introduction
- Overview: AI-powered financial data extraction tool that converts bank statement PDFs into structured Excel (XLSX) and CSV formats with transaction validation.
- Value: Eliminates manual data entry by automatically digitizing financial statements while ensuring arithmetic accuracy through balance verification.
Main Features
- Multi-Bank Parsing: Advanced OCR and NLP algorithms process statements from any financial institution globally, supporting all languages and currency formats.
- Transaction Validation: Automatically verifies extracted amounts against opening/closing balances to prevent data discrepancies.
- Batch Processing: Upload and merge multiple statements into consolidated reports with automatic filename organization by date, bank, and account holder.
Problems Solved
- Challenge: Manual bank statement data entry consumes hours and risks human error in financial reporting.
- Audience: Accountants, bookkeepers, financial analysts, and SMB owners handling recurring financial documentation.
- Scenario: Automating monthly expense categorization by converting raw bank PDFs into audit-ready spreadsheets for QuickBooks/Xero integration.
Unique Advantages
- Vs Competitors: Unlike basic converters, provides mathematical validation and handles complex multi-page statements from any bank without templates.
- Innovation: Proprietary comparison engine enables side-by-side verification of original PDFs against extracted data for audit confidence.
Frequently Asked Questions (FAQ)
- What banks do you support? Processes statements from any financial institution worldwide, including non-English formats and regional banks.
- How secure is my data? Bank-level security with AES-256 encryption at rest and in transit, plus automatic file deletion after 72 hours.
- Can it handle scanned statements? Yes, advanced OCR accurately processes both digital and scanned image-based PDF statements.
