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Utility bill processing

Capture data from utility bills to verify identity and address

Ocrolus’ Human-in-the-Loop document automation solution captures and classifies data from utility bills to speed up address verification and provide insights into borrower expenses.

Utility bill

Why should lenders use Ocrolus for utility bill data capture and form processing?

Utility bills arrive in different layouts and templates based on a borrower’s service provider. Manually extracting information and performing analysis can be tedious and time-consuming and result in high rates of human error. At the same time, template-based OCR technology struggles with service providers’ multiple formats. In these cases, delays can be common due to incorrect data entering. 

Ocrolus’ automation solution lets you capture, review, and analyze utility bill data in real-time from multiple formats. This, in turn, helps you make more accurate lending decisions and expedites the loan process.

Advantages of Ocrolus’ automated utility bill processing

Retrieve data from utility bills regardless of format or quality
  • Verify identities and addresses in minutes
  • Reduce manual errors and get precise data
  • Cut turnaround time
  • Process multiple utility bills with high accuracy
  • Reduce the risk of fraud
Ocrolus’ 2021 document processing stats
91M

financial pages analyzed

344K

documents flagged for suspicious activity

8.8M

business loan applications analyzed

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Find out how we can help you automate utility bill processing.

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