The accounting sector serves as a vital backbone for various industries, offering support to their financial operations. The banking industry operation team spends half of their time delivering and processing data from bank statements to verify Incomes, KYC documents, loan processing, Statements and Cheques. Making a record of such standardised documents can be exhausting and tedious as well. Chances of human error can be higher when these statements are recorded in a physical format. The job of processing bank and credit card statements may seem easy but it takes a lot of manual effort.If the data is in a physical statement, Image or raw paper then it requires manual work, If the statement records in a PDF format then only copy and paste does not work. In this scenario, We need software that can read the data and effectively extract file items and legibility.
DOCBrains – an automated solution capable of liberating data trapped within PDF-format in bank statements and physical images.
It can extract text from scanned bank statements, images and tables. In view of processing KYC documents, DOCBrains supports AI powered data extraction and can search individual customer’s data within a few seconds. You can save files on cloud storage with end to end encryption so you do not need to worry about security and it would be easy to access any information within a minute. It reduces the cost of keeping and storing the data by simply extracting files. It takes no time to import documents and extract all data from other applications.