How We Cut PDF Bank Statement Extraction Time by 50%
At ReceiptsAI, we're committed to making financial document processing seamless and efficient. We're excited to announce a major upgrade to our extraction technology—enhancing both the accuracy and speed of bank statement and credit card statement processing.
What’s New?
✅ Higher Accuracy – Our AI now extracts data from statements with even greater precision, reducing errors and improving reliability.
✅ Faster Processing – Get your financial data in record time, making reconciliation and reporting smoother than ever.
✅ Better Handling of Complex Statements – Whether your statements have intricate layouts, multiple columns, or varying formats, our AI adapts to extract the right information efficiently.
What This Means for You
These enhancements translate to real-world benefits:
🔹 For Businesses & Accountants – Spend less time manually entering data and more time making strategic financial decisions.
🔹 For Individuals – Easily track spending, manage budgets, and analyze financial patterns with accurate statement extraction.
🔹 For Developers & Integrations – Enjoy more reliable API outputs with reduced error rates and improved processing speeds.
How We Achieved This
This breakthrough was made possible through a combination of:
🚀 Advanced AI Models – We integrated cutting-edge machine learning models designed specifically for financial document extraction. These models improve text recognition, layout understanding, and contextual interpretation.
🧠 Dynamic Model Selection – Instead of a one-size-fits-all approach, ReceiptsAI now intelligently selects the best model based on the specific structure of each statement. This ensures higher accuracy across different banks, formats, and regions.
⚡ Optimized Processing Pipelines – We’ve streamlined our backend to minimize latency, allowing statements to be processed faster than ever before while maintaining top-tier accuracy.
Try It Now
Upload your bank and credit card statements today and experience the difference. We’re committed to continuously improving Receipts AI to help you extract and analyze financial data with ease!
