AI Account Statement Processing & Data Extraction Software

Automating their processes with AI

Affinda has removed the laborious workload from our accounts staff, who now focus on quality assurance and management of any outliers.

- Nathaniel Barrs, CTO, PSC Insurance

95%

reduction in manual work

10×

more invoices processed with no added staff

Enhanced auditability and tracking of invoice approvals

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Customer satisfaction is always our top priority, and Affinda has helped us achieve that by eliminating phone calls, manual handling, and delays.

- Jorg Both, Head of Business Systems, Northline

120,000

proof of delivery documents processed annually

82%

of documents straight-through processed in the first weeks

Automatic validation of documents against ERP system

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Two recruitment specialists reviewing a list of candidates

Affinda's ongoing improvements in its AI models demonstrate its innovative approach in Document AI.

– Michael Zhao, AI Product Manager, SEEK

High accuracy parsing across multiple languages
Improved customer experience thanks to better structured data
Stronger compliance with international data security and software standards

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Affinda’s support and expertise were invaluable… The experience working with Affinda was excellent.

- Nick Tran, Business Analyst, StateCover Mutual

300,000

documents processed annually

80

different document types

60%

Enhanced auditability and tracking of invoice approvals

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Logistics manager reviewing paperwork onsite

The results have spoken for themselves. I recommend Affinda to anyone looking to enhance their product or business with AI capability.

- Steve O’Keeffe, CTO, Felix

76%

reduction in manual data input

30%

reduction in compliance data errors

85,000

compliance documents processed annually

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Frequently asked questions

What is account statement processing?

Account statement processing is the workflow organizations use to receive, extract, validate and reconcile data from bank and financial account statements. Our AI account statement processing software automates this entire process to reduce manual effort, errors and processing times. It ensures that transactions, balances and account details are accurate, verified and recorded correctly in accounting, audit and banking systems.

What is account statement data extraction?

Account statement data extraction is the process of reading account statements and extracting key financial data – including account holder details, account numbers, transaction records, balances and reference numbers. Affinda's AI automates account statement data extraction, transforming both digital and scanned statements into structured data ready for your accounting, audit and banking systems.

What is account statement extraction?

Account statement extraction is the automatic capture of key financial data from account statements using AI. Our account statement extraction software combines reading order models, OCR, LLMs, RAG and more to convert statements into structured data with high accuracy and faster processing times.

What is an account statement parser?

An account statement parser is a software tool that automatically reads and extracts data from account statements. It converts statements – digital or scanned – into structured, machine-readable formats. Our AI account statement parser handles multi-page documents, complex tables and grouped transactions with ease, learning from every interaction to deliver precisely formatted output ready for your accounting, audit and banking systems.

What is account statement line extraction?

Account statement line extraction captures transaction-level data from tables within your statements, preserving the relationships between each row. Our platform handles everything from simple transaction lists to complex multi-page statements with grouped entries, converting them into structured data ready for reconciliation and analysis.

What data fields can Affinda’s AI account statement processing software extract?

Affinda's AI account statement processing software can extract data from any field on an account statement. Standard data fields include:

Account & Statement Details

Account Holder Name: Individual or organization name associated with the account.
Account Number: Unique identifier for the account, including IBAN for international accounts.
Bank Details: Financial institution name, branch information, SWIFT/BIC code and routing numbers.
Statement Period: Start and end dates defining the reporting period.
Opening & Closing Balance: Account balance at the start and end of the period.
Currency: Account denomination and currency code.
Statement Date / Issue Date: Date the statement was generated.

Transaction Lines

Transaction Date / Posting Date: Date the transaction occurred and when it was processed.
Value Date: Date funds are actually debited or credited to the account.
Description / Transaction Details: Narrative description of the transaction.
Reference Number / Transaction ID: Unique identifier or reference code for each transaction.
Debit Amount / Credit Amount: Transaction values for withdrawals and deposits.
Balance After Transaction: Running balance following each transaction.
Payee / Beneficiary: Name of the recipient or payment source.
Transaction Type / Category: Classification of the transaction such as transfer, payment, or withdrawal.
Check Number: Cheque reference when applicable.
Fees & Charges: Service fees, bank charges or interest applied to transactions.
Foreign Currency Details: Original amount and exchange rate for international transactions.

Other Fields

Account Holder Address: Customer's registered address when included on the statement.
Bank Contact Information: Bank's address, phone number and customer service details.
Page Numbers: Page identification for multi-page statements.
Statement Number: Unique identifier for the statement document.

Need to extract a field that's not listed here? Define it in the platform using plain language and Affinda will capture it automatically.

What file types does Affinda’s AI account statement processing solution support?

Our AI agents can process any file type.Supported file types include PDF, JPG/JPEG, PNG, TIFF, DOC/DOCaccount statement (Word), account statementLSaccount statement (Excel), HTML and Taccount statementT/CSV.

How does Affinda process account statements and extract account statement data?

Affinda's AI agents read, extract and validate account statement data. Our platform is intuitive to set up and easily integrates into your systems. Simply:

Upload your account statements via drag-and-drop, email or API.
Configure business logic to match your organization's rules and workflows.
Let Affinda check and validate extracted data against your business logic and accounting, audit or core banking systems to ensure accuracy.
Access structured account statement data directly within your systems.

The result? Faster, more accurate account statement processing with minimal manual input.

Can Affinda extract data from scanned or image-based account statements?

Yes. Our AI account statement processing platform combines OCR with retrieval augmented generation (RAG), LLMs, agentic workflows, proprietary reading order algorithms and more, to automatically detect and process data from scanned or photographed invoices (PDF, JPG, PNG). Even low-quality images are automatically enhanced for reliable data capture and processing.

What language does Affinda’s AI account statement automation platform support?

Our AI account statement processing platform can automatically detect and process account statements in 50+ languages, including multilingual account statements containing more than one language.Supported languages include: Afrikaans, Albanian, Amharic, Arabic (Standard, Egyptian, Sudanese, Algerian, Moroccan, Levantine), Bahasa Indonesian, Bengali, Bhojpuri, Bulgarian, Burmese, Chinese (Mandarin [PRC/Taiwan], Cantonese, Wu, Min Nan, Jinyu, Xiang, Hakka), Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Gujarati, Hebrew, Hindi, Hungarian, Italian, Japanese, Javanese, Kannada, Korean, Latvian, Lingala, Lithuanian, Macedonian, Malayalam, Marathi, Nepali, Norwegian, Odia, Persian (Farsi), Polish, Portuguese, Punjabi (Western and Eastern), Romanian, Russian, Slovak, Slovenian, Somali, Spanish, Swahili, Tagalog, Tamil, Telugu, Thai, Turkish, Ukrainian, Urdu, Vietnamese, Yoruba.

Does Affinda integrate with accounting, audit and core banking systems?

Yes. Our AI account statement processing platform integrates with 400+ systems, including major accounting software, audit platforms and core banking systems. Build no-code integrations using our AI integrations agent, or use our APIs to create custom connections – whatever suits your workflow best.

What are some examples of AI account statement workflow automations?

AI account statement processing helps automate and streamline financial operations across teams such as:

Accounting & Finance: Speed up reconciliation by extracting transaction data, balances and reference numbers from any account statement format. Validation rules flag discrepancies, missing transactions and balance mismatches before they reach your ledger.
Audit Services: Support compliance reviews with accurate, structured data from client statements. Our platform handles multi-page statements and complex transaction tables, reducing preparation time and improving audit trail documentation.
Banking Operations: Feed structured account statement data into core banking systems to improve customer service, enhance reporting accuracy and scale operations without adding headcount.

What is an account statement OCR data extractor?

An account statement optical character recognition (OCR) data extractor scans and accurately captures information from account statements, regardless of format or language. Upload account statement documents in PDF, JPG or PNG formats. The OCR technology first converts the documents into a text layer, ensuring all text (even from scans, photos or low-quality images) is captured. Affinda's AI models then identify and extract key fields such as account holder details, account numbers, statement periods, transaction lines, balances and reference numbers, transforming them into structured, usable data.This automation eliminates manual data entry, reduces errors and saves time. Once the account statement data is captured and structured, our AI account statement processing pipeline can apply machine validation and post-processing to enable seamless integration with accounting, audit and core banking systems.Organizations in banking, finance, accounting and audit services rely on Affinda's AI for their reconciliation, compliance and financial operations processes, streamlining workflows and improving overall accuracy.

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The AI platform for account statement processing

How to automate account statement processing with Affinda's AI

Upload your account statements, your way

Watch as it extracts your account statement data

Automatically route the data to your systems

Extract any information from any document, fast

Create models in seconds

Cleanse and transform data

Apply business logic

Pathway 1: Use our AI integrations agent

Pathway 2: Write your own code

Get AI agents to process your account statements

Automate account statement processing with 99%+ accuracy

See ROI in weeks, not months

AI that instantly learns from your account statement and adapts

Easy integration, zero disruption

Configure your account statement model, customize and maintain control

Enterprise-grade security

Combine the best of artificial and human intelligence

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Automating their processes with AI

95%

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120,000

82%

300,000

80

60%

76%

30%

85,000

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