StatementSheet

Product Introduction

1. StatementSheet is a specialized tool designed to convert PDF bank statements into Excel (XLS) and CSV formats automatically. It supports over 1,000 global banks, ensuring compatibility for users worldwide.
2. The core value lies in its ability to simplify financial data management by transforming unstructured PDF statements into structured, editable formats for seamless integration with accounting software or analysis tools.

Main Features

1. Secure Processing: All uploaded PDF files are encrypted with SSL during transit and automatically deleted from servers every 24 hours, ensuring compliance with data privacy standards.
2. High Accuracy: Utilizes advanced algorithms combined with AI and OCR technologies to accurately extract transaction details. Users can request adjustments if results are unsatisfactory.
3. Scalable Solutions: Offers customizable conversion workflows to handle bulk or complex requests, with a commitment to rapid response times for enterprise-level needs.

Problems Solved

1. Eliminates manual data entry errors and time-consuming processes by automating the extraction of transactions, dates, and balances from PDF statements.
2. Targets accountants, financial analysts, and businesses requiring streamlined data processing for audits, budgeting, or reconciliation tasks.
3. Ideal for scenarios like tax preparation, expense tracking, or integrating bank data into ERP systems without manual formatting.

Unique Advantages

1. Supports a broader range of global banks compared to similar tools, with continuous updates to accommodate new statement formats.
2. Combines OCR for scanned statements with AI-driven pattern recognition to handle both digital and digitized PDFs effectively.
3. Standout security protocols, including automatic file deletion and SSL encryption, address common concerns about cloud-based financial data handling.

Frequently Asked Questions (FAQ)

1. How does StatementSheet ensure data security? All files are encrypted during upload/download and permanently removed from servers within 24 hours, with no third-party data sharing.
2. Can it process scanned bank statements? Yes, the OCR technology extracts text from scanned PDFs, though accuracy may vary based on document quality.
3. What if my converted file has errors? Users can contact support for manual adjustments, and the team prioritizes algorithm updates based on feedback.
4. Is there a limit on file size? PDFs must be under 3MB for free conversions, with larger file handling available through scalable paid plans.