Ocrolus

Document processing automation and human-in-the-loop review.

About Ocrolus

Ocrolus is a document automation software that helps businesses leverage human-in-the-loop review capabilities to retrieve data from any document and transform it into actionable insights. Our software automatically provides and uses the best OCR data extraction engines to detect altered documents, generate results quickly and optimize the document workflow with accuracy.

Pricing starting from:

Not provided by vendor

  • Free Version
  • Free Trial
  • Subscription

Top 5 alternatives to Ocrolus

Typical Customers

  • Freelancers
  • Small Businesses (2-50)
  • Mid-size Companies (51-500)
  • Large enterprises (500 and more)

Deployment

  • Cloud-based
  • On-premise

Markets

United States

Supported Languages

English

Pricing starting from:

Not provided by vendor

  • Free Version
  • Free Trial
  • Subscription

Top 5 alternatives to Ocrolus

Images

Ocrolus Software - Leverage file tampering detection and arithmetic checks to identify suspicious documents and missing pages.
Ocrolus Software - Transform bank statements of any format or quality into clean, structured data. Leverage bank transactions to assess cash-flow trends and credit risk.
Ocrolus Software - Transform PDFs and images automatically into structured JSON output, with human-in-the-loop review.
Ocrolus Software - Automatically classify a limitless variety of document images and prepare them for analysis.
Ocrolus Software - Create the smoothest borrower experience by accepting any form of income and employment documentation.
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Ocrolus video
Ocrolus Software - Leverage file tampering detection and arithmetic checks to identify suspicious documents and missing pages.
Ocrolus Software - Transform bank statements of any format or quality into clean, structured data. Leverage bank transactions to assess cash-flow trends and credit risk.
Ocrolus Software - Transform PDFs and images automatically into structured JSON output, with human-in-the-loop review.
Ocrolus Software - Automatically classify a limitless variety of document images and prepare them for analysis.
Ocrolus Software - Create the smoothest borrower experience by accepting any form of income and employment documentation.

Features

Total features of Ocrolus: 48

  • AI/Machine Learning
  • API
  • Access Controls/Permissions
  • Activity Dashboard
  • Audit Trail
  • Auto Extraction
  • Batch Processing
  • Compliance Management
  • Configurable Workflow
  • Data Aggregation and Publishing
  • Data Capture and Transfer
  • Data Connectors
  • Data Extraction
  • Data Import/Export
  • Data Mapping
  • Data Transformation
  • Data Verification
  • Data Visualization
  • Document Automation
  • Document Conversion
  • Document Extraction
  • Document Imaging
  • Document Review
  • Email Address Extraction
  • Full Text Search
  • ID Scanning
  • Image Extraction
  • Image Pre-processing
  • Indexing
  • Invoice Management
  • Invoice Processing
  • Multiple Data Sources
  • Multiple Format Support
  • Multiple Output Formats
  • Natural Language Search
  • Optical Character Recognition
  • PDF Conversion
  • Phone Number Extraction
  • Process Control
  • Real Time Analytics
  • Reporting & Statistics
  • Reporting/Analytics
  • Role-Based Permissions
  • Search/Filter
  • Secure Data Storage
  • Text Extraction
  • Third Party Integrations
  • Workflow Management

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Reviews

Overall rating

4.6 /5
(16)
Value for Money
4.3/5
Features
4.4/5
Ease of Use
4.5/5
Customer Support
4.5/5

Already have Ocrolus?

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Showing 5 reviews of 16
Jim
Overall rating
  • Industry: Financial Services
  • Company size: 10,000+ Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Overall, A Very Positive Experience

Reviewed on 22/06/2022

My overall experience with Ocrolus has been a positive one. All of the people that work for Ocrolus...

My overall experience with Ocrolus has been a positive one. All of the people that work for Ocrolus that I have interacted with have been top tier. Their customer support is very responsive and quick to provide solutions.

Pros

What I like most about Ocrolus is the analytics that they provide for their bank statement product. Without reliable, accurate analytics, we would be unable to properly service the loans.

Cons

What I like least about Ocrolus is that there has sometimes been a lack of communication. I was not notified when Ocrolus would release new analytics and the corresponding analytics guide. I have had to request an updated analytics guide and only then would I notice that they released new analytics.

Leah
Overall rating
  • Industry: Financial Services
  • Company size: 201-500 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 6.0 /10

Speed Leaves much to be desired

Reviewed on 23/05/2022

The time it takes to wait for OC to process slows my productivity leaving much to be desired! The...

The time it takes to wait for OC to process slows my productivity leaving much to be desired! The program often misses crucial information too. If the purpose is to increase my productivity then it is failing. I work twice to double check the missing information on missed lenders on financial documents and I wait twice as long to process information. Ocrolus gives me a clean data sheet but slows me down considerably - Needs improvement considering the cost to use it!The time it takes to wait for OC to process slows my productivity leaving much to be desired! The program often misses crucial information too. If the purpose is to increase my productivity then it is failing. I work twice to double check the missing information on missed lenders on financial documents and I wait twice as long to process information. Ocrolus gives me a clean data sheet but slows me down considerably - Needs improvement considering the cost to use it!

Pros

I like getting all the data I need in a clean spreadsheet

Cons

The time it takes to wait for OC to process slows my productivity leaving much to be desired! The program often misses crucial information too. If the purpose is to increase my productivity then it is failing. I work twice to double check the missing information on missed lenders on financial documents and I wait twice as long to process information. Ocrolus gives me a clean data sheet but slows me down considerably - Needs improvement considering the cost to use it!

LeErin
Overall rating
  • Industry: Financial Services
  • Company size: 501-1,000 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 4.0 /10

What's happened with OC?

Reviewed on 20/05/2022

In the beginning it was like an amazing dream come true to make our role efficient and effective!!!...

In the beginning it was like an amazing dream come true to make our role efficient and effective!!! BUT now I feel like OC is a burnt out toaster not wanting to toast anymore.

Pros

alert of fraud altered documents, extraction of balances, lenders, transfers pulled and other grouped useful information merchants, max deposits outside deposits.

Cons

The time in extracting the documents from ALL statements. I dont know how long it will take anymore. Chase, Bank of AM, Wells Fargo took no time, NOW it could take 30-1 hour to extract. Credit Unions and other unknown banks could take time i get that but when i pull up the bank statements and finish before OC has even completed one month something has gone wrong.

Response from Ocrolus

Hi LeErin, we really appreciate this feedback! Speed is one of our top priorities and we are actively working to improve turnaround time. Please reach out to your account manager for further assistance.

Jarett
Overall rating
  • Industry: Financial Services
  • Company size: 51-200 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Great Product to Streamline Bank Statement Review Efficiency

Reviewed on 02/09/2021

Ocrolus has been a great resource for our company over the last several years. It has sped up our...

Ocrolus has been a great resource for our company over the last several years. It has sped up our underwriting process, requires less resources than hiring additional employees and keeps our bank statement review process consistent.

Pros

Easy to use
Increases efficiency
Speeds up time to underwrite
Consistency

Cons

Could use better reporting
Turn time on improvements and error investigations
Needs more transparent process to review Suspicious Activity Flags

Response from Ocrolus

Thanks for your candid feedback, Jarett! We're happy to hear that you find Ocrolus easy to use, and we're working on the cons you listed.

Michail
Overall rating
  • Industry: Financial Services
  • Company size: 51-200 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Best in the industry

Reviewed on 02/06/2022

The experience has been great and I would recommend Ocrolus to any fintech that has a similar use...

The experience has been great and I would recommend Ocrolus to any fintech that has a similar use case.

Pros

Ocrolus is definitely the industry leader in bank statement verification. The great API and data accuracy are what we rely on the most.

Cons

Waiting times can be longer for more complicated bank statements.

Showing 5 reviews of 16 Read all reviews

Ocrolus FAQs

Below are some frequently asked questions for Ocrolus.

Ocrolus offers the following pricing plans:

  • Free Trial: Available

Ocrolus has the following typical customers:

51-200

Ocrolus supports the following languages:

English

Ocrolus supports the following devices:

We do not have any information about what integrations Ocrolus has

Ocrolus offers the following support options:

FAQs/Forum, Knowledge Base

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