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NavBot - Bank Statement Extractor


Business Problem

Credit officers analyze bank account statements for transaction categories such as credits, debits, balances & standing instructions. In the case of physical statements, this process is carried out by eyeballing which leads to errors & high TAT(Turn Around Time). Credit officers are also required to track missed EMIs which again requires manual inspection.

Business Challenges

Increased Error Rate

Increase in Backlogs

Data Transparency issues

What does the Bank Statement Extractor do?

This software robot named will be using 3rd party template based OCR extraction mechanism in order to extract the Bank Account transactions and perform calculation to collect various set of information such as Top 3 credits, Top 3 debits, Annual Monthly Balance and many more.


Increase in Operational efficiency

Enhanced data collection

Increase in Data Accuracy

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