Bankstmtconverter vs Bank Statement Extract Detailed comparison features, price

Bankstmtconverter

Bankstmtconverter is an advanced tool designed to streamline the process of converting bank statements into editable formats. It utilizes artificial intelligence and Optical Character Recognition (OCR) technology to accurately extract data from various sources, including PDF documents and scanned images (JPG, JPEG, PNG).

The platform offers a user-friendly interface where users can upload their documents and receive converted files in formats such as Excel, CSV, and Google Sheets. It supports handling statements from multiple banks and financial institutions due to its advanced training on a wide variety of statement layouts.

Bank Statement Extract

Bank Statement Extract is an AI-powered solution designed to streamline financial data processing. This tool eliminates the need for manual data entry by automatically converting PDF bank statements into ready-to-use Excel files.

By leveraging advanced AI, Bank Statement Extract achieves a 99.8% accuracy rate, significantly reducing the risk of human error. The platform prioritizes data security, processing files and immediately deleting them to ensure complete privacy.

Pricing

Bankstmtconverter Pricing

Freemium

From $2

Bankstmtconverter offers Freemium pricing with plans starting from $2 per month .

Bank Statement Extract Pricing

Paid

From $30

Bank Statement Extract offers Paid pricing with plans starting from $30 per month .

Features

Bankstmtconverter

Table Detection: Automatically identifies tables within invoices, receipts, bank statements, and credit card documents.
OCR: Transforms table detections into Optical Character Recognition (OCR) output. Supported Formats - Excel, CSV and Google Sheets.
Word Accuracy: Word accuracy assessed on a row-by-row and column-by-column basis.
Structured Format: Convert unstructured data into a structured format.
Advanced Training: The AI model is trained on over 1 million financial documents.
GPU-Powered Processing: Utilizes powerful GPU machines for efficient bulk processing.

Bank Statement Extract

Custom Data Extraction: Select what data to extract to Excel in simple words
Multi-PDF Processing: Upload multiple statements at once with unlimited pages
Lightning-Fast Results: Get your formatted data in seconds with 99.8% accuracy
Maximum Flexibility: Define custom schemas to get data exactly how you need it
Complete Privacy: Files are processed and immediately deleted - your data stays secure

Use Cases

Bankstmtconverter Use Cases

Converting bank statements from PDF to Excel for analysis.
Extracting data from scanned images of financial documents.
Automating the entry of financial data into accounting software.
Streamlining financial data processing for businesses.
Converting unstructured financial data into a structured, usable format.

Bank Statement Extract Use Cases

Converting bank statements to Excel for accounting
Automating data entry for financial analysis
Reconciling bank statements with financial records
Extracting specific transaction data for reporting

FAQs

Bankstmtconverter FAQs

Is my financial data secure?

Yes, we take data security very seriously. We use bank-grade encryption for all data transfers and storage. Our system is compliant with industry-standard security protocols.
Do you store my bank statements after processing?

No, we do not store your bank statements. Extracted files are automatically deleted from our servers based on pricing plan Data Retention.
Can it handle statements from multiple banks?

Yes! Our AI is trained on a vast array of bank statement formats and can adapt to statements from virtually any bank or financial institution.
What if my bank changes its statement format?

BankStmtConverter AI is designed to adapt to new formats automatically. In most cases, you won't notice any difference. If you encounter any issues, our support team is ready to assist and update our model if necessary.
Can I cancel my plan?

Yes, you can cancel your subscription at any time.

Bank Statement Extract FAQs

Does it work for all bank statements from different banks?

Yes, it is designed to work with statements from any bank.
How accurate is the extraction?

The extraction boasts a 99.8% accuracy rate.
How do you handle my sensitive financial data?

Files are processed and immediately deleted to ensure your data stays secure.
Can I process multiple bank statements at once?

Yes, the tool supports multi-PDF processing.
Can I export to formats other than Excel?

Currently, the primary export format is Excel.