Bank data extraction software can help make data extraction a whole lot easier. This is made possible with the use of Optical Character Recognition (OCR) and AI to efficiently scan and understand documents and images.

In this way, document data extraction software can help you turn images and other files into usable, actionable data seamlessly. But with the wealth of options available in the market, how do you know which one is right for you?

To make your search easier, we have found the top 5 best bank data extraction software available in the market today.

Without further ado, here they are, in no particular order -

Top Bank Statement Data Extraction Software in 2021

1. Klippa

Top Features

• Scan PDFs, legal documents, bank statements, and more
• Metadata Extraction
• Mobile Receipt Upload
• Zone Selection Tool
• Image Pre-Processing
• Intelligent Data Extraction
• Data Extraction from images

Cons

• Rare inaccuracies can occur while scanning unclear or obscure data.

Price

Price is available upon request.

2. Docsumo

Top Features

• Data Extraction
• Electronic Data Capture
• Data Extraction from Images
• Audit Trail
• Data Quality Control
• Data Aggregation
• Easy to Use Interface

Cons

• Improved integration features coming soon

Price

Free Trial

Growth - Up to 10,000 Documents / month

Enterprise - ‍More than 10,000 Documents / month

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3. Capturefast

Top Features

• Scans PDF's emails, legal documents, bank statements, and more
• Collaboration Tools
• Compliance Tracking
• Forms Automation
• Archiving And Retention
• Data Extraction from images

Cons

• Steep learning curve.
• Comparatively more complex User Interface.

Price

CaptureFast does have a lifetime free version that lets you process a limited number of documents. These are their paid plans -

Basic: $69 / month

Professional: $299 / month

Business: $799 / month

4. Docparser

Top Features

• Layout Parsing Presets
• Data Extraction from images
• QR Scanning
• Filters for Invoice Processing
• Tabular Data Extraction
• Document Publishing
• Document Sharing

Cons

• Lack of advanced User Interface
• Lack of search function within parsed documents can make it harder to find specific files.
• No way to sort/filter files.

Price

Starter: $39 / month

Professional: $69 / month

Business: $149 / month

Enterprise: Ask for price.

5. DocuClipper

Top Features

• Data extraction from images, bank statements, legal documents, and more
• Document sharing
• Annotations
• Robotic Process Automation
• Data Entry
• Audit Trail
• Phone number extraction, bank details extraction and more
• Document publishing via Quickbooks, Excel, and more

Cons

• No Free Demo.

Price

Starter: $29 / month

Business: $99 / month

Enterprise: Ask for price.

Key Takeaway

Among the competition, there is little doubt that Docsumo offers the best value in terms of features and added benefits.

Docsumo makes it possible to easily extract data from images and share or publish them. You can effortlessly process large amounts of data with the advantages of AI and Optical Character Recognition. The amount of flexibility that Docsumo offers means that you receive an all in one solution for all your bank data extraction needs. Schedule a free demo with us and let's find out how Docsumo can help you automate bank statement processing.

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