The Brief

Client Profile: A prominent bank in India needing a solution for efficient scanning and processing of client bank statements.
Challenge Faced: The manual processing of 30-14 page documents took 8 to 9 hours, with no analytics or dashboard generation involved. The client required a streamlined process to improve efficiency and reduce processing time.
Project Objective: To automate the entire data extraction process from various financial documents, thereby improving speed and accuracy.

The Solution

Backoffice Pro, an expert in Big Data challenges, developed a Big Data platform-based automated solution:

Automation Process: Automated the scanning and extraction of text and amounts from e-statements, PDFs, and other financial documents.
Output Generation: The solution generated comprehensive outputs in MS Excel spreadsheet and summary workbook formats, facilitating precise assessment of creditworthiness.

Backoffice Pro delivered a successful automated solution:

Efficiency Improvement: Greatly reduced the time required for processing documents.
Client Satisfaction: The client was extremely satisfied with the results and considered outsourcing future projects to Backoffice Pro.