Ocrolus

Ocrolus is a document automation platform that simplifies financial document handling. It merges cutting-edge optical character recognition (OCR), machine learning, and human oversight to ensure exceptionally precise data capture and evaluation. Tailored for the financial sector, it automates the assessment of documents like bank statements, pay slips, and tax forms, helping organizations cut down on manual tasks, identify fraud, and speed up loan approvals. The system integrates smoothly with current infrastructure, adapts to varying demands, and offers in-depth cash flow insights to enhance risk control and regulatory adherence.

Key Features

High-Precision Data Capture: Leverages OCR, AI, and human verification to achieve over 99% accuracy in processing a wide range of financial documents.

Fraud Identification and Risk Reduction: Spots anomalies and document alterations using algorithmic checks and authenticity ratings.

Adaptable and Scalable Processing: Manages high document volumes on demand, allowing financial firms to handle peak periods efficiently.

In-Depth Cash Flow Analysis: Automates computation of income and expenses for diverse borrowers, such as salaried employees, freelancers, and property investors.

Effortless Integration: Connects readily with loan origination software, customer relationship management (CRM) tools, and other systems to feed structured data directly into workflows.

Strong Compliance and Security: Upholds stringent security standards and generates comprehensive audit logs to meet regulatory requirements.

Use Cases

Mortgage Lending: Speeds up loan underwriting by automating document checks, income verification, and fraud screening for home loans.

Small Business and Consumer Lending: Allows lenders to rapidly confirm applicant details and evaluate credit risk using trustworthy financial data.

Financial Workflow Automation: Optimizes operations by minimizing manual input and facilitating quicker, more reliable financial judgments.

Fraud Mitigation: Early detection of fraudulent patterns during document analysis helps reduce financial exposure and safeguard business reputation.

Accounting and Auditing: Aids professionals by automating the extraction and validation of financial records for audit and compliance purposes.