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How to Use AI in Bank Statement Processing

Nanonets

In this article, we’ll explore applications of AI and automation for bank statement processing. In recent years, AI-powered software tools using natural language processing (NLP) and machine learning (ML) have revolutionized this process.   💡 Best practices:  1. 💡 Best practices:  1.

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How to extract tabular data from PDF documents?

Nanonets

In this article, we will review various solutions to extract tables from PDFs and compare their pros and cons to select the best fit for specific use cases. Relying on AI-driven cognitive intelligence, Nanonets can handle semi-structured and even unseen documents while improving over time. Schedule a demo to learn more about Nanonets.

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How to Extract Data From PDF Documents

Nanonets

Check out Nanonets' pre-trained data extraction AI for bank statements , invoices, receipts, passports, driver's licenses & or any tabular data! PDFs are most commonly converted to Excel (XLS or XLSX) or converted to CSV formats as they present tables in a neat way; PDF to XML converters are also popular.

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How to Rename PDF Files Based on Content

Nanonets

Looking to convert bank statements or other documents from PDF to Excel or PDF to XML ? Nanonets leverages AI & ML capabilities to only extract relevant data accurately from documents - essentially turning a flat scan into a searchable PDF with structured data. Here's a slide summarizing the findings in this article.

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OCR for data extraction from bank statements

Nanonets

How zonal OCR works In recent times, OCR tools such as Nanonets are equipped with AI and ML capabilities and can intelligently convert text into categorized data and check for errors that may occur during the conversion. Zonal and AI-enabled OCRs can hasten the process and eliminate the occurrence of errors.

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How to Convert Image to Text in Microsoft Word

Nanonets

In this article, we will learn how to convert an image to text using Microsoft Word. Check out Nanonets' pre-trained data extraction AI for bank statements , invoices , customer orders , purchase orders , receipts , passports , driver's licenses & or PDFs!   This is where AI-enabled OCR software comes to the rescue.

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Best OCR Software of 2023

Nanonets

OCR software that leverage AI/ML capabilities can also help automate data capture from scanned documents/images. AI-based OCR can digitize the data in convenient, editable formats that fit into organizational workflows. Automate manual data entry using Nanonet's AI-based OCR software.