Bankstmtconverter VS CapyParse

Bankstmtconverter Pricing

CapyParse Pricing

Bankstmtconverter

• Table Detection: Automatically identifies tables within invoices, receipts, bank statements, and credit card documents.
• OCR: Transforms table detections into Optical Character Recognition (OCR) output. Supported Formats - Excel, CSV and Google Sheets.
• Word Accuracy: Word accuracy assessed on a row-by-row and column-by-column basis.
• Structured Format: Convert unstructured data into a structured format.
• Advanced Training: The AI model is trained on over 1 million financial documents.
• GPU-Powered Processing: Utilizes powerful GPU machines for efficient bulk processing.

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.

Bankstmtconverter Use Cases

• Converting bank statements from PDF to Excel for analysis.
• Extracting data from scanned images of financial documents.
• Automating the entry of financial data into accounting software.
• Streamlining financial data processing for businesses.
• Converting unstructured financial data into a structured, usable format.

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.

Bankstmtconverter FAQs

• Is my financial data secure?

  Yes, we take data security very seriously. We use bank-grade encryption for all data transfers and storage. Our system is compliant with industry-standard security protocols.
• Do you store my bank statements after processing?

  No, we do not store your bank statements. Extracted files are automatically deleted from our servers based on pricing plan Data Retention.
• Can it handle statements from multiple banks?

  Yes! Our AI is trained on a vast array of bank statement formats and can adapt to statements from virtually any bank or financial institution.
• What if my bank changes its statement format?

  BankStmtConverter AI is designed to adapt to new formats automatically. In most cases, you won't notice any difference. If you encounter any issues, our support team is ready to assist and update our model if necessary.
• Can I cancel my plan?

  Yes, you can cancel your subscription at any time.

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).

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