This video tutorial demonstrates how ByteFlow simplifies and automates the complex task of extracting and analyzing data from bank statements using its Generative Process Automation (GPA) engine within seconds. Whether it’s PDF or scanned copies, ByteFlow accurately captures transaction details, account numbers, balances and dates across varying formats and structures.
ByteFlow turns raw bank statements into clean, structured data which empowers finance, lending and audit teams to work efficiently and faster.
The bank statement data extraction process can be applied in multiple fields, such as:
- Loan application processing
- Financial audits and reporting
- Income verification
- Expense tracking and budgeting
- Fraud detection and compliance checks