Account Statement OCR Data Extractor.

Accurately extract over 20+ data fields from multiple account statements all at once, including line items, in 56 languages.

500+

customers

30,000+

monthly users

50M+

documents processed

10+ years

of document IP

Affinda is trusted by some of the world's leading organisations

See our Account Statement parser in action.

Our easy-to-use parser's interface is designed for everyone, with no training required for use.

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Open this web page on a desktop device to upload your documents and see how it works for yourself.

What is an Account Statement OCR data extractor?

An account statement optical character recognition (OCR) data extractor is a tool or software that is used to extract and digitise data from account statements. These tools use OCR technology to read text from images or scanned documents and convert them into editable and searchable data. Once the data has been extracted, artificial intelligence (AI) technology then kicks in to turn the data into a structured format, which can then be used in any way a business requires. This technology is especially useful in industries like banking and finance where there is a need to process large amounts of data from account statements.

There are numerous benefits of using an account statement OCR data extractor. Firstly, this technology significantly improves time and cost efficiency by reducing the resource-heavy task of manual data entry by accounts payable (AP) teams. Secondly, AI technology ensures a high level of data accuracy by minimising potential human errors, thereby enhancing overall data integrity. This technology also enables easy data retrieval, making audits or historical analysis considerably more manageable. Additionally, the digitised data retrieved by using an Account Statement OCR on AP account statements can be easily integrated with existing digital systems such as CRM, ERP, or accounting systems for further processing or analysis.

Automatically process your account statements in four simple steps.

Step 1

Upload your documents to Affinda directly to our app, or by integrating with email or document management platforms

Step 2

Our OCR Account Statement extractor will automatically scan, extract, label and categorise the data on the account statements in seconds

Step 3

Export the data in a structured and usable format. Integrate our Account Statement parser with any downstream system or platform to use your data where you need it most

Step 4

Need an AI data extractor customised to your specific business needs? Our expert team can build a model tailored to your business workflows that integrates seamlessly with existing processes.

Extract data from dozens of fields.

Our AI Account Statement OCR solution automatically extracts data from over 20+ fields.

Account statement details:

Statement Number
Statement Date

Supplier details:

Supplier Company Name
Supplier Address

Supplier Business Number

Customer details:

Customer Company Name
Customer Billing Address

Payment details:

Payment Date Due
Payment Amount Due
Payment Reference
Bank Account Number

Line-item details:

Date
Activity
Reference
Due Date
Invoice Amount
Payments
Balance

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Don’t see the fields you need above?

Affinda makes it easy to add custom fields according to your bespoke requirements.

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Innovative features that set us apart from the rest.

Superior accuracy

Over 20+ fields extracted

Supports multiple file formats: PDF, JPG, PNG

Highly flexible and customisable

Supports over 56 languages

Upload and extract in bulk

Self-learning models improve over time

Seamless upstream and downstream integration

Businesses around the world use our Account Statement OCR Extractor in different industries and use cases.

Accountants and Auditors utilise our account statement OCR extractor to cut down on time-consuming manual data entry and improve the accuracy of their financial reports.

Financial software developers integrate our account statement OCR extractor via API. This transforms the typically troublesome operation of reading and extracting data from account statements into a smooth process for their users.

Financial management teams employ our AI-based account statement OCR extractor to automate data extraction from account statements, optimising the efficiency of their workflows and promoting data-driven decision making.

Need to automate your Account Statement workflows? Contact us.

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We can build a solution for any document workflow within weeks.

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