For rapid processing of bank data and extraction of financial data like revenue and COGs, Ntropy is a great option. This AI-based system extracts financial data from bank statements and can produce profit and loss statements in a matter of milliseconds. It's flexible and can handle different formats, with features like data integration, real-time summaries and export modeling. By using Ntropy, companies can lower underwriting costs without sacrificing speed or accuracy.
Another great option is Finpilot, an AI copilot designed to automate financial analysis workflows. It can rapidly extract information from financial documents and the web, answer specific questions, and visualize trends. Finpilot's abilities free financial professionals to spend more time on higher-level analysis and decision-making by automating data gathering and analysis.
Ocrolus classifies, extracts, detects and analyzes financial documents with high accuracy using AI. It uses machine learning-based classification, computer vision and human validation to extract data from many file formats, even with low image quality. The platform is great for assessing cash flow, calculating income and extracting employment data, making it a great tool for many financial services.
If you're looking for an accounting system, the Fortune App could be helpful. It automates financial analysis across multiple banks, sends instant transaction alerts and tracks cash flow and expenses. With multi-currency support and forecasting, it helps you manage your finances and cut manual accounting work.