
The Financial Document Processing Challenge
Why Traditional OCR Falls Short for Bank Statements
The Current Reality for Financial Teams:
- Financial staff spend 5-10 hours weekly on manual data entry
- Traditional OCR solutions fail with complex table structures
- Frequent errors require extensive human verification
- Month/quarter-end creates processing bottlenecks
- Reconciliation problems delay financial reporting
Multimodal AI Offers a Superior Approach:
- Processes documents as humans do—visually understanding context
- Correctly interprets tables, columns, and financial data
- Formats output exactly as needed without post-processing
- Runs at a fraction of the cost of premium OCR services
- Reduces processing time by up to 95%