Usecase
Bank Statement Data Extraction
Accurately extract bank statement data. Do hours of work in seconds.
Fast Track Your Bank Statement Data Extraction with Astera Intelligence
Bank statements have an abundance of valuable data, but are unstructured and typically come in varying schema, formats, and file types. For the financial services sector, it’s common to deal with hundreds, if not thousands, of bank statements. By letting AI take over the data extraction tasks, you can save precious time and resources. Here’s how:
Specify What You Need. AI Does the Rest.
With Astera’s AI-powered document processing, all you have to do is specify the fields you need, and AI does all the work. Documents in different formats? No worries. Our AI can do it all accurately, and that too in seconds!
AI That Adapts to Changing Formats & File Types.
Our AI can handle different file types and changing formats. No pre-defined templates are necessary. You can extract all your data accurately in seconds without any manual input.
Consolidate All Your Data Extraction in One Place.
Why extract data separately in hundreds or thousands of iterations? Merge all the variations in just a handful of workflows. Let AI streamline your data extraction in one place so you can focus on what really matters.
The Astera Advantage
90X
Faster Data Extraction
8X
Faster Document Processing
97%
Reduction in Errors
Frequently Asked Questions
Why should I automate bank statement data extraction?
Manual bank statement data extraction takes up a lot of resources, is prone to errors and inefficient, especially when working with hundreds or thousands of bank statements, all in varying formats. Automating this process with AI saves time, reduces errors, and allows your team to focus on tasks that create value for the clients and the business.
What kind of data can I extract from bank statements?
With Astera, you can extract a wide range of data fields, such as transaction details, dates, amounts, balances, account numbers, and more. Just specify the field you need, and we’ll get it for you.
How fast is the bank statement data extraction process with Astera?
Our AI-powered solution can extract data up to 90 times faster than manual processes. Astera does hours of work in seconds, so you can leverage insights instead of manually extracting data.
Can Astera help reduce errors in data extraction?
Yes. Our solution is designed to significantly reduce human errors. With AI-powered processing, Astera ensures 97% fewer mistakes compared to manual data entry, providing reliable and accurate results.
Do I need to create templates for each bank statement format?
No templates are required! Astera handles unstructured documents and changing formats like a champ, without the need for pre-built templates, making the process seamless and adaptable.
Can this solution consolidate data extraction into one workflow?
Yes. You can merge data from various sources and formats into a single, streamlined workflow, eliminating the need for separate data extraction processes for each bank statement. You save time and IT resources by centralizing all your data extraction tasks in one place.
How does Astera’s AI-powered solution improve productivity in financial services?
By automating recurring tasks like bank statement data extraction, your team can dedicate more time to strategic activities such as financial analysis, reporting, and decision-making, leading to enhanced productivity and faster insights.
Is Astera suitable for high-volume bank statement processing?
Yes, our enterprise-grade solution is designed to handle large data volumes, making it ideal for financial institutions that need to process thousands of bank statements immediately and accurately.
