A powerful tool that helps individuals and businesses understand and optimize their financial
information by automating the processing and analysis of bank statements. Provides actionable
insights and a better understanding of financial standing, enabling users to track spending,
identify areas for improvement, and make informed financial decisions.
Problem Statement
Client analyzes bank statements, financial statements, and GST data for their credit score.
The credit scoring is done manually by looking at various type of analysis from different
data sources
The tool should classify transactions into various categories based on historical data and
generate relevant charts and analyses.
The tool should be easily customizable adding new formats as and when required without
assistance of developer
Key Requirements
High accuracy for extracting bank and financial statements and GST data
Comprehensive analysis of data and generation of multiple reports
User customization for adding new formats
Solution Advantages
The solution runs offline and does not require an internet connection.
On-premise deployment in client’s infrastructure
Fully customizable bank statement formats and analysis output
Output Accuracy
90%
Extraction of Bank Statement
90%
Correct classification of transactions
90%
Extraction of GST data from GST Statements
Client Engagement
Data For Training:
Bank Statements – 100 bank statements from 30 banks
GST Reports – 50
Financial Statements – 20
Testing By Client For Goal Achievement:
Bank Statements (300), Efficiency Result = 90% (Improved from 60%)
GST Reports (100), Efficiency Result = 90% (Improved from 60%)
Financial Statements (100), Efficiency Result = 90% (Previously unimplemented)
Deployment:
OpenShift, Docker Deployment, On-Premise, Offline
Benefit Achieved:
Improved Accuracy
Classification of transactions for comprehensive analysis of bank statements
Comprehensive Analysis of the GST and financial statements
Usage since:
August 2020
