Challenge
Income verification made simple, accurate and risk-free
- Securely extract income data from diverse document types, such as Paystubs and W-2s with pre-trained AI/ML models.
- Mitigate manual review errors via automated validation against supporting documents and databases.
- Analyze crucial financial health metrics to assist companies in determining creditworthiness and risk profile.
No credit card required
Preferred by Leaders from
Finance
Insurance
Real estate
Healthcare
Logistics
Biagi Bros is saving more than 500 hours per month on their Bill of Lading processing.
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
Manual review of application documents and banking data can lead to oversights and errors, exposing companies to fraud, credit loss, and competition.
What docs do we handle?
W-2 or other wage statements
Pay stubs
Bank statements
Proof-of-income letter
IRS Form 1099s
Attestation from an employer
Employment Contracts
Pension statements
Trust fund income statements
Tax returns
Worker’s Compensation Letter
Make more closures with automated income verification
RISK MITIGATION
Minimize risk and standardize income documents
Set up field-level confidence thresholds across diverse documents like Paystubs, Bank statements to minimize your risk of mortgage underwriting or risky loan sanctions.
INTELLIGENT CRE AUTOMATION
Go beyond plain vanilla OCR
Docusumo’s AI scans, understands, and categorizes income data contextually irrespective of its placement on the document.
Solution
Results
See how we can help your finance and operations team
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.
