Ocrolus
Document AI for faster and more accurate financial decisions
Description:
Ocrolus is an AI-driven document processing automation software that helps lenders manage risk and avoid fraud. It uses machine learning, computer vision, and human validation to classify, capture, detect, and analyze financial documents. Ocrolus can be used to evaluate cash flow, calculate income, extract address information, retrieve employment data, and establish identity. It is a powerful tool that can help lenders make faster and more accurate financial decisions.
For Tasks:
For Jobs:
Features
- Classifies financial documents with precision using machine learning.
- Extracts and structures data using computer vision and human validation.
- Identifies suspicious activity with tampering detection and validation.
- Provides deep insights into cash flow and income with clean, normalized data.
- Offers a modern back-office infrastructure that allows users to quickly retrieve data from any file, regardless of format or image quality.
Advantages
- Increased accuracy for smarter decision-making.
- Elimination of manual review and "stare and compare" work.
- On-demand scalability 24x7x365.
- Bolstered compliance with bank-level security and a robust audit trail.
- Improved borrower experience with streamlined document processing.
Disadvantages
- May require additional training for users to become proficient.
- Can be expensive for small businesses or startups.
- May not be suitable for all types of documents or data.
Frequently Asked Questions
-
Q:What types of documents can Ocrolus process?
A:Ocrolus can process a wide variety of financial documents, including bank statements, pay stubs, W2s, 1040s, driver's licenses/IDs, passports, mortgage statements, and 1008s. -
Q:How does Ocrolus ensure the accuracy of its data?
A:Ocrolus uses a combination of machine learning, computer vision, and human validation to ensure the accuracy of its data. The company's AI models are trained on a large dataset of financial documents, and they are constantly being updated to improve their accuracy. -
Q:Is Ocrolus secure?
A:Yes, Ocrolus is secure. The company uses bank-level security measures to protect its data, and it is SOC 2 Type II certified.
Alternative AI tools for Ocrolus
Similar sites
ChainAware.ai
AI-Powered fraud detection, intention calculation and analytics for Ethereum, Polygon, BSC and TON
ChatWithPDF
Summarise your documents, instantly answer questions, and understand research easily with AI
For similar tasks
Automaited
Free up time and increase the productivity of your team using AI - fast, effortless and cost-efficient!
For similar jobs
ChainAware.ai
AI-Powered fraud detection, intention calculation and analytics for Ethereum, Polygon, BSC and TON
