Ocrolus: Intelligent Document Automation Software for Faster Financial Decisions
Ocrolus is an AI-powered document automation software that helps lenders and financial institutions manage risk, avoid fraud, and make faster, more accurate financial decisions. It uses machine learning to classify, extract, and analyze data from various financial documents, providing deep insights into cash flow and income.
Key Features
- Classification: Accurately sorts financial documents using machine learning.
- Capture: Extracts and structures data using computer vision and human validation.
- Detection: Identifies suspicious activity with tampering detection and validation.
- Analysis: Provides deep insights into cash flow and income with clean, normalized data.
Use Cases
Ocrolus serves a variety of industries and use cases, including:
- Small business lending: Evaluating the financial health of small businesses.
- Consumer lending: Assessing the income and creditworthiness of consumers.
- Mortgage lending: Verifying income and assets for mortgage applications.
- Auto lending: Evaluating the financial stability of auto loan applicants.
- Equipment leasing: Assessing the creditworthiness of equipment leasing applicants.
- Forensic accounting: Detecting fraud and financial irregularities.
- Medicaid: Verifying income and assets for Medicaid eligibility.
- Multifamily lending: Evaluating the financial health of multifamily properties.
Supported Documents
Ocrolus supports a wide range of document types, including:
- Bank statements
- Paystubs
- W2s
- 1040s
- Driver's licenses/IDs
- Passports
- Mortgage statements
- 1008s
Benefits of Using Ocrolus
- Increased Accuracy: Make smarter decisions with trusted data extracted from documents.
- Accelerated Processes: Eliminate manual review and "stare and compare" work, saving time and resources.
- Scalability: Easily scale operations up or down on demand.
- Enhanced Compliance: Protect your data with bank-level security and a robust audit trail.
Ocrolus vs. Competitors
While several other document processing solutions exist, Ocrolus distinguishes itself through its advanced AI capabilities, comprehensive document support, and focus on financial applications. Unlike simpler OCR solutions, Ocrolus goes beyond basic text extraction to provide in-depth analysis and insights.
Conclusion
Ocrolus offers a powerful and efficient solution for automating document processing in the financial industry. Its AI-driven capabilities enable faster, more accurate decisions, leading to improved risk management and increased efficiency.
