Name: Ocrolus Product Demo
Uploaded: 2019-08-27T15:54:35.000Z
Duration: 5 min 50 s
Description: Ocrolus Product Demo

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### Document Processing Efficiency
Users generally express mixed opinions about Ocrolus's document processing efficiency capabilities. While some users appreciate the quick production turnaround and the ability to analyze bank statements efficiently, others highlight concerns about sporadic turnaround times for PDF bank statements and the need for faster extraction times for documents other than bank statements. The consensus seems to be that while Ocrolus offers some efficiency benefits in document processing, there are areas where improvements could enhance overall processing speed and effectiveness.

### Financial Document Management
User feedback on Ocrolus's financial document management functionality varies significantly. While some users appreciate the efficiency and accuracy in analyzing bank statements and extracting essential information, others express concerns about the time it takes for document processing and the occasional missed information. The consensus seems to be that Ocrolus offers a convenient solution for managing financial documents, but there are areas where improvements could enhance overall user experience and productivity.

### Data Extraction and Analysis
Users consistently highlight Ocrolus's efficiency in data extraction and analysis, emphasizing the quick turnaround time and the accuracy of the extracted data. While some users appreciate the customized analytics and fraud detection capabilities, others express concerns about occasional delays in the analysis process. Despite some mixed feedback regarding processing speed and missed information, Ocrolus generally receives positive reviews for its ability to streamline bank statement analysis and provide reliable, accurate data for various financial purposes.

### Fraud Detection and Security
Users have highlighted the operational efficiencies gained through Ocrolus's automated detection of altered bank statements, leading to enhanced fraud recognition and data consistency in their underwriting processes. While the system excels in alerting users to fraudulent documents and extracting valuable information, there are calls for improved reporting, faster turnaround on enhancements, and a more transparent review process for Suspicious Activity Flags. Despite these areas for enhancement, Ocrolus's fraud detection capabilities are generally seen as a valuable asset in combating fraudulent activities.

False Positive Rate: Several users have expressed dissatisfaction with the false positive rate associated with suspicious activity flags in Ocrolus's fraud detection capabilities. According to these reviewers, they feel that the system generates too many false positives, which can be time-consuming and frustrating to address.

Unclear Ownership and Customer Focus: Some users have found the ownership of Ocrolus unclear, leading them to perceive that the company mostly caters to smaller customers. This lack of clarity about ownership creates uncertainty for potential clients and may limit their confidence in choosing Ocrolus as a solution provider.

Processing Limitations for Large Documents: A significant number of users have encountered difficulties when processing documents that exceed 100 pages. These limitations can pose challenges when dealing with lengthy files, potentially causing delays and inefficiencies in document analysis.

Ocrolus is an AI-based document processing software that aims to streamline and automate document classification, data extraction, fraud detection, and data analysis. According to the vendor, this solution is designed to cater to small, medium, and large enterprises across various industries, including financial institutions, lenders, mortgage companies, insurance companies, and accounting firms.

## Key Features

**Classify**: According to the vendor, the software utilizes AI and machine learning to quickly and accurately sort documents. It combines machine learning with human validation to ensure precise data extraction. The vendor claims that this feature eliminates the need for manual document pre-sorting and provides structured, indexed output for all document types.

**Capture**: The software is said to instantly extract and structure data using computer vision and human validation. The vendor claims that it can generate over 99% accurate results on every file and accelerate processing speed with instant or near-instant analysis. Additionally, the software is designed to scale dynamically based on demand and provide a comprehensive audit trail of key data fields to bolster compliance.

**Detect**: According to the vendor, this feature enables the rapid identification of suspicious activity and potential fraud through file tampering detection and algorithmic validation. The software is said to provide alerts on fraud and document tampering, and it claims to integrate new data by connecting data points from multiple sources. The vendor states that the algorithms used in this feature continuously learn and improve over time.

**Analyze**: The software is designed to provide instant insights into cash flow and income by leveraging clean, normalized data. According to the vendor, it allows for the combination of document data in all formats with digital sources for comprehensive analysis. The vendor claims that the software can calculate cash flow and income metrics with higher precision than traditional data sources alone. Additionally, the software can integrate directly into CRM or LOS for confident decision-making.

Ocrolus is a document automation platform in financial services, aiming to power the digital lending ecosystem with trusted data, from the company of the same name in New York.

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Detect Fraud to Keep Your Lending Business Safe - Discover File Tampering Detection with Ocrolus

Ocrolus Product Demo

See Ocrolus in action. Explore the only platform that analyzes bank statements, regardless of format and quality, with 99+% accuracy. In this demo, we will walk through an application workflow end-to-end. The borrower uploads documents, they are automatically routed to Ocrolus for extraction, validation, and analysis, and actionable data is returned into the lender’s Loan Origination System within minutes. Watch Ocrolus transform PDFs of bank statements into hyper-accurate risk scoring analytics such as average daily balance, estimated revenue, insufficient funds analysis, loan stacking detection, and more!

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What is Ocrolus?