Bank Statement Extract vs CapyParse Detailed comparison features, price

Bank Statement Extract

Bank Statement Extract is an AI-powered solution designed to streamline financial data processing. This tool eliminates the need for manual data entry by automatically converting PDF bank statements into ready-to-use Excel files.

By leveraging advanced AI, Bank Statement Extract achieves a 99.8% accuracy rate, significantly reducing the risk of human error. The platform prioritizes data security, processing files and immediately deleting them to ensure complete privacy.

CapyParse

CapyParse utilizes advanced artificial intelligence to automatically extract, organize, and analyze data from bank statements. Users can upload PDF statements (with CSV and image support planned), and the AI processes the information, categorizing transactions efficiently. The tool aims to save users significant time typically spent on manual data entry, facilitating tasks like tax preparation, business expense tracking, and investment analysis.

Currently optimized for US financial institutions, including major banks, regional banks, credit unions, and online banks, CapyParse offers flexible export options. Data can be exported in JSON, CSV, or viewed in an interactive spreadsheet. Compatibility with QuickBooks is provided, along with options for custom field mapping and UTF-8 support for special characters. Future updates include support for international banks and additional languages.

Pricing

Bank Statement Extract Pricing

Paid

From $30

Bank Statement Extract offers Paid pricing with plans starting from $30 per month .

CapyParse Pricing

Free Trial

From $12

CapyParse offers Free Trial pricing with plans starting from $12 per month .

Features

Bank Statement Extract

Custom Data Extraction: Select what data to extract to Excel in simple words
Multi-PDF Processing: Upload multiple statements at once with unlimited pages
Lightning-Fast Results: Get your formatted data in seconds with 99.8% accuracy
Maximum Flexibility: Define custom schemas to get data exactly how you need it
Complete Privacy: Files are processed and immediately deleted - your data stays secure

CapyParse

AI-Powered Data Extraction: Automatically extracts and categorizes transactions from bank statements.
Multiple Export Formats: Export data to JSON, CSV, Excel, or QuickBooks compatible formats.
Interactive Spreadsheet Viewer: Explore processed data within the platform.
US Bank Support: Optimized for statements from major US banks, regional banks, credit unions, and online banks.
Automatic Transaction Categorization: AI identifies and categorizes transactions, including potential tax deductions.
Custom Field Mapping: Customize export fields to match specific accounting software needs.
Time Savings: Reduces manual data entry time significantly.

Use Cases

Bank Statement Extract Use Cases

Converting bank statements to Excel for accounting
Automating data entry for financial analysis
Reconciling bank statements with financial records
Extracting specific transaction data for reporting

CapyParse Use Cases

Automating bank statement data entry.
Streamlining tax preparation by identifying deductions and organizing statements.
Tracking business expenses efficiently.
Analyzing investment performance from bank statements.
Converting PDF bank statements to CSV, Excel, or QuickBooks formats.
Sharing organized financial data with accountants.

FAQs

Bank Statement Extract FAQs

Does it work for all bank statements from different banks?

Yes, it is designed to work with statements from any bank.
How accurate is the extraction?

The extraction boasts a 99.8% accuracy rate.
How do you handle my sensitive financial data?

Files are processed and immediately deleted to ensure your data stays secure.
Can I process multiple bank statements at once?

Yes, the tool supports multi-PDF processing.
Can I export to formats other than Excel?

Currently, the primary export format is Excel.

CapyParse FAQs

How does the free trial work?

All plans come with a 14-day free trial. You can cancel anytime during the trial period and you won't be charged.
Can I change plans later?

Yes, you can upgrade or downgrade your plan at any time. Changes will be reflected in your next billing cycle.
What payment methods do you accept?

We accept all major credit cards including Visa, Mastercard, and American Express. We also support payment via PayPal.
Is there a setup fee?

No, there are no setup fees or hidden charges. You only pay the advertised price for your subscription.
Which banks are currently supported?

CapyParse is currently optimized for US financial institutions, including major banks (Chase, Bank of America, Wells Fargo), regional banks (PNC, US Bank, Capital One), credit unions (Navy Federal, USAA, State Employees' Credit Union), and online banks (Ally Bank, Chime, Discover Bank).