Turn Bank Statements Into Meaningful Data
Tools for your finance function to work smarter, not harder.
Optimize Processing Data Found in Bank Statements
The Kofax Bank Statement Package Framework (BSP) utilizes prebuilt extraction procedures and knowledge bases to help identify and extract bank statement data. It intelligently extracts data to support banking processes such as expense categorization, lending assessment, know your customer (KYC), anti-money laundering (AML) or fraud.
Trained knowledge bases and dictionaries for popular banks
Leverage a robust library of prebuilt templates to more rapidly capture header and transaction data within bank statements. Further configuration options are available to support more variations of bank statements.
Business user-friendly interface
A simplified user interface supports manual validation of extraction results that may not have been confidently extracted before.
True integration
Leverage APIs to manage document ingestion and retrieval of extracted and validated data (JSON format) for easy integration with other line of business applications.
Unlock the Data Within Bank Statements and Do More
Automated bank statement processing
Reduce manual efforts and data entry so employees to focus on higher value-add activities. Realize substantial efficiencies and cost savings by employing a single solution across multiple sites.
Greater process transparency
Leverage robust workflows to streamline validation and approval processes. Reporting and audit features allow you to gain insight into who is leveraging sensitive bank statement data.
Accelerate your time to value
Leverage out-of-the-box resources to accelerate implementation, realize a faster ROI and reduce total cost of ownership.
World-Class Bank Statement Automation
Artificial Intelligence
With embedded AI such as natural language processing (NLP), machine language and low-code development capabilities, Kofax makes it easy to streamline document processing.
Process Orchestration
With a set of low code and no-code development capabilities, business users and citizen developers can design, build and run dynamic and resilient business workflows.
Robotic Process Automation
Kofax RPA makes task automation happen. Streamline system integration and automate time-consuming manual tasks with end-to-end automation better than any other solution.
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