Automating Bank-Statement Reconciliation for Hitachi Payment Services
A 100% subsidiary of Hitachi Ltd, Hitachi Payment Services empowers financial institutions and merchant aggregators with a comprehensive array of technology-led payment solutions that includes installation of ATMs and POS devices throughout India.
With Docsumo, we are now able to save more than 200 hours per month.
As a whitelabel ATM provider, we were completely overburdened with monthly reconciliation from bank statements sent by our ATM operators. Manually processing them was just not cutting it for us with our growing volume. With Docsumo, we are able to process bank statements in less than 30 mins with an accuracy rate over 99%.
Dhananjay Manjrekar
Head, Revenue Assurance, Hitachi Payment Services, India
How Docsumo helps Hitachi Payment Services in reconciling payouts
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By capturing unstructured data from documents with 99% accuracy By classifying bank statements based on transaction types recorded in real-time By producing 95%+ straight through processing for document processing
Case Study

Automating Bank-Statement Reconciliation for Hitachi Payment Services

A 100% subsidiary of Hitachi Ltd, Hitachi Payment Services empowers financial institutions and merchant aggregators with a comprehensive array of technology-led payment solutions that includes installation of ATMs and POS devices throughout India.
With Docsumo, we are now able to save more than 200 hours per month.
As a whitelabel ATM provider, we were completely overburdened with monthly reconciliation from bank statements sent by our ATM operators. Manually processing them was just not cutting it for us with our growing volume. With Docsumo, we are able to process bank statements in less than 30 mins with an accuracy rate over 99%.
Dhananjay Manjrekar
,
Head, Revenue Assurance, Hitachi Payment Services, India
Challenge
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