What is AI financial data extraction?
It involves using AI technology and advanced OCR to automatically pull essential information from various financial documents, such as financial statements, 10-K or other financial reports.
This process not only speeds up data processing but also enhances accuracy and reduces the need for manual data entry, facilitating more reliable financial reporting.
How to extract data from financial statements with AI?
Set up your AI parser within minutes in 3 simple steps.
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1. Upload your financial statement
Send your PDF financial statements to Parseur via email or directly upload them.
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2. AI data processing
The financial data is instantly extracted with our AI tool.
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3. Automated export
The financial data is then seamlessly integrated into QuickBooks, MS Excel or your custom database.
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What fields can Parseur extract from financial statements?
Below is a list of the most commonly extracted fields from a balance sheet. With Parseur, you have the flexibility to customize this list by adding, renaming, or removing fields as needed.
Parseur is designed to support financial data extraction in any language and format.
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Sample value
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Text (multi-lines)
Company Name
The name of the company.
Rocket Lab USA INC.
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Date
Fiscal Year Ending
The end date of the fiscal year.
2023-12-31
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Number
Turnover Revenue
The total revenue generated by the company.
244,592,000
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Number
Cost of Sales
The direct costs associated with the production of goods.
193,183,000
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Number
Gross Profit
The difference between revenue and cost of sales.
51,409,000
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Number
Operating Expenses
The costs incurred in the day-to-day operations of the business.
229,327,000
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Number
Net Profit Before Tax
The profit before tax deductions.
-178,921,000
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Number
Tax Expense
The amount of tax paid by the company.
3,650,000
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Number
Net Profit After Tax
The profit after tax deductions.
-182,571,000
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Number
Total Assets
The total assets owned by the company.
941,211,000
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Number
Total Liabilities
The total liabilities owed by the company.
386,667,000
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Number
Total Equity
The total equity of the company.
554,544,000
Why choose Parseur for financial statement OCR?
Parseur sets your financial statement management on autopilot, allowing you to focus on your core business.
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Reduced Processing Time
Speed up the preparation of financial reports and analysis.
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Increased Accuracy
Minimize financial errors with our state-of-the-art AI-powered OCR technology, designed for high accuracy.
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Cost Savings
Lower operational costs through automation of manual data entry tasks and reduce the need for additional staffing, even during peak periods.
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Enhanced Data Security
Trust Parseur to protect your sensitive information with robust data security measures.
It works perfectly. The support is really quick and helps me with regex.
FAQ about financial document processing
All your questions about our advanced OCR model for financial statements
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Parseur has native integrations with Zapier, Make and Power Automate that enable you to export data effortlessly.
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No coding skills are required to use Parseur. Our AI and visual editor allows you to create custom templates and parsers with ease.
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Our OCR engine was extensively trained to recognize text in more than 60 languages, including English, Spanish, French, German, Dutch, Russian, Japanese, Korean, Chinese, Hebrew, Arabic, Hindi, and more. Furthermore, it has experimental support for another 160+ languages.
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Parseur can easily extract data from income statements, balance sheets, bank statements, cash flow statements (CFS), 10-K and statement of retained earnings.
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Security is our top priority. Parseur uses advanced encryption standards to protect your data. We adhere to strict data privacy regulations and implement best practices to ensure your financial information is secure and confidential.
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Definitely! Parseur can process thousands of financial statements within minutes.
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You can review our pricing plans here.
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