What is CapyParse?
CapyParse utilizes advanced artificial intelligence to automatically extract, organize, and analyze data from bank statements. Users can upload PDF statements (with CSV and image support planned), and the AI processes the information, categorizing transactions efficiently. The tool aims to save users significant time typically spent on manual data entry, facilitating tasks like tax preparation, business expense tracking, and investment analysis.
Currently optimized for US financial institutions, including major banks, regional banks, credit unions, and online banks, CapyParse offers flexible export options. Data can be exported in JSON, CSV, or viewed in an interactive spreadsheet. Compatibility with QuickBooks is provided, along with options for custom field mapping and UTF-8 support for special characters. Future updates include support for international banks and additional languages.
Features
- AI-Powered Data Extraction: Automatically extracts and categorizes transactions from bank statements.
- Multiple Export Formats: Export data to JSON, CSV, Excel, or QuickBooks compatible formats.
- Interactive Spreadsheet Viewer: Explore processed data within the platform.
- US Bank Support: Optimized for statements from major US banks, regional banks, credit unions, and online banks.
- Automatic Transaction Categorization: AI identifies and categorizes transactions, including potential tax deductions.
- Custom Field Mapping: Customize export fields to match specific accounting software needs.
- Time Savings: Reduces manual data entry time significantly.
Use Cases
- Automating bank statement data entry.
- Streamlining tax preparation by identifying deductions and organizing statements.
- Tracking business expenses efficiently.
- Analyzing investment performance from bank statements.
- Converting PDF bank statements to CSV, Excel, or QuickBooks formats.
- Sharing organized financial data with accountants.
FAQs
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How does the free trial work?
All plans come with a 14-day free trial. You can cancel anytime during the trial period and you won't be charged. -
Can I change plans later?
Yes, you can upgrade or downgrade your plan at any time. Changes will be reflected in your next billing cycle. -
What payment methods do you accept?
We accept all major credit cards including Visa, Mastercard, and American Express. We also support payment via PayPal. -
Is there a setup fee?
No, there are no setup fees or hidden charges. You only pay the advertised price for your subscription. -
Which banks are currently supported?
CapyParse is currently optimized for US financial institutions, including major banks (Chase, Bank of America, Wells Fargo), regional banks (PNC, US Bank, Capital One), credit unions (Navy Federal, USAA, State Employees' Credit Union), and online banks (Ally Bank, Chime, Discover Bank).
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