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Turn Bank Statements Into Meaningful Data

Tools for your finance function to work smarter, not harder.
Overview
Overview

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.

 Unlock the Data within Bank Statements and Do More
Trained knowledge bases and dictionaries for popular banks

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

Business user-friendly interface

A simplified user interface supports manual validation of extraction results that may not have been confidently extracted before.

True Integration

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.

Benefits
Benefits

Unlock the Data Within Bank Statements and Do More

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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.

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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.

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Accelerate your time to value

Leverage out-of-the-box resources to accelerate implementation, realize a faster ROI and reduce total cost of ownership.

Capabilities
Capabilities

World-Class Bank Statement Automation

Organizations that work like tomorrow use Kofax intelligent automation to re-imagine transactional and high touch processes such as bank statement processing and realize greater levels of operational efficiency. 

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.

Case Studies
Case Studies

What's Your Tomorrow?

Union Bank
By implementing Kofax RPA and streamlining some of our business processes, we have been able to reduce the turnaround time for digitizing loan documents from 15 days to five days.
Reginald Brown
Consumer Lending Electronic Imaging Manager
One of the major reasons we selected Kofax is that Kofax has an install base of about 600 companies overseas, including the Department of Defense and major enterprises in the United States.
Mr. Kazuma Yabuki
Digital Strategy Department
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Ready to get started?

Whether you need to digitally transform a simple task or an end-to-end process, we can help you do it.