Challenge
Extract data from debt letters to guide smarter settlements
- Automatically ingest debt settlement letters from any source to extract information like creditor names and payment data.
- Validate extracted data against records or other debt letters to avoid negotiation mistakes when contacting creditors.
- Analyze debt, payment terms, and creditor information to gain insights that accelerate settlement processing.
No credit card required
Preferred by Leaders from
Finance
Insurance
Real estate
Healthcare
Logistics
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Jones document processing time reduced from minutes to seconds for their ACORD forms.
Valtatech turned their invoice processing time from a few hours to < 5 minutes with 99% accuracy.
Hitachi reduced reconciliation time of bank statements to under 30 minutes. Saving around 200 hours/month.
PayU processed 7 financial statement types across 100+ banks enabling 95% straight-through processing for income & ID verification.
National Debt Relief got a straight through processing rate of over 95% for their financial documents.
Arbor Powers 95%Straight-Through Processing on 1 Billion documents for CRE lending and risk assessment.
Westland processes 2000+ utility bills in 6 formats from 6 vendors, achieving 99% data accuracy.
Problem statement
Debt relief companies manage complex debt documents daily, but tedious work and mistakes lead to failed negotiations and damaged creditor relationships.
What docs do we handle?
Debt Settlement Letter/Agreement
Settlement in Full (SIF)
Proof of Income Documents
Hardship Letter
Financial Reports
Bank statements
Creditor Documents
Legal Documents
Solution
Results
See how we can help collection teams and debt relief companies
Let's talk.
Docsumo's intelligent document processing enables you to extract data easily, efficiently, and accurately. Fill up the form to speak with an automation expert.
