Retrieve data from IRS Form 1065 regardless of format or image quality
Ocrolus’ Human-in-the-Loop document automation solution captures and extracts data from form 1065 to help you make more accurate lending decisions, faster.
Why should lenders use Ocrolus for form 1065 data capture and processing?
Form 1065 is an IRS form that documents a business’s profits, losses, deductions, and credits. Lenders use the information contained within form 1065 to help assess an individual or an organization’s eligibility for a loan. This form can be delivered in multiple file formats, such as doc, PDF or txt files and via different sources, such as hard copy, email or mobile attachment. This can create problems for traditional OCR solutions. A reliable intelligent document processing solution can address these problems through automation, eliminating the need for lending professionals to manually process form 1065 data, a monotonous, time-consuming task that can lead to errors, further delaying loan approvals. In some cases, mistakes or mismatched data can even lead to loan rejections.
Ocrolus’ automation solution lets you capture, review, and analyze form 1065 documents in real-time from multiple file formats. It precisely captures key data and identifies any potentially fraudulent activity, enabling rapid, data-driven loan decision-making.
Advantages of Ocrolus’ form 1065 processing
Retrieve data from form 1065 documents regardless of format or quality. With Ocrolus you can:
- Speed up time from loan application to approval
- Process multiple form 1065 documents with over 99% accuracy
- Quickly verify an individual or organization’s eligibility for a loan
Ocrolus’ 2021 document processing stats
financial pages analyzed
documents flagged for suspicious activity
business loan applications analyzed