Rapidly and accurately process payroll report data to analyze cash flow
Ocrolus’ Human-in-the-Loop document automation solution captures and classifies data from payroll reports to help you make smarter, faster lending decisions.
Why should lenders use Ocrolus for payroll reports data capture and form processing?
Loan underwriters determine the financial health of a business, manage risk, and make lending decisions by processing payroll data and conducting cash flow and expense analysis. Payroll data exists in multiple formats, which traditional OCR technology struggles to process, resulting in inaccuracies. Furthermore, manually extracting key information from payroll documents and streamlining it for analysis is tedious and time-consuming, often resulting in human error.
Ocrolus’ automation solution lets you capture, review, and analyze data in real-time from payrolls delivered in multiple formats. It rapidly and accurately processes payroll report data to help you analyze cash flow so that you can better manage risk, make faster loan decisions, and provide an improved borrower experience.
Advantages of Ocrolus’ automated payroll processing
Retrieve data from payroll reports regardless of format or quality
- Help develop robust, data-driven cash flow assessments
- Reduce manual error and get precise data
- Process multiple payroll documents with over 99% accuracy
Ocrolus’ 2021 document processing stats
financial pages analyzed
documents flagged for suspicious activity
business loan applications analyzed