What is Statement2Excel?
Statement2Excel leverages artificial intelligence to streamline financial data extraction from bank statements. The software processes PDF documents, including encrypted files from various banks, and converts transaction data into organized CSV formats suitable for import into financial management tools.
Using intelligent document recognition and structure analysis, the system achieves high accuracy rates for text descriptions, dates, and amounts. It automatically reconciles balances, merges results from multiple PDFs, and handles common formatting variations like missing dates on transactions. The platform supports over 500 different bank statement types from 26 countries, making it a versatile solution for global financial data processing.
Features
- Encrypted PDF Support: Handles PDFs with encryption restrictions added by banks
- Intelligent Document Recognition: Uses document structure analysis for accurate data extraction
- Balance Reconciliation: Ensures accuracy and completeness of extracted financial data
- Merged Results: Automatically combines outputs when multiple PDFs are selected
- Client Management Tools: Interface for clients to upload PDFs for processing
- Easy Imports: CSV files compatible with most financial management tools
Use Cases
- Converting bank statements to spreadsheet format for accounting
- Automating financial data entry for bookkeeping
- Preparing transaction data for import into financial software
- Processing multiple bank statements from different institutions
- Extracting transaction history for tax preparation
- Streamlining client document processing for financial services
FAQs
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What types of bank statements does it support?
The software has been verified to work with over 500 different bank statement types from 26 countries worldwide. -
Does it work with scanned documents?
No, the system currently does not support scanned bank statements. -
How does it handle transactions that span multiple lines?
The system reconstructs transaction information into single lines where possible, particularly for rows with text aligned to the top or bottom. -
What happens if my statement doesn't have dates on each transaction?
The software automatically adds missing dates for statements that only display the date on the first transaction of the day. -
What is the accuracy rate for data extraction?
The system achieves 99.95% accuracy for text descriptions and 99.98% accuracy for dates and amounts extracted.
