TAAMUL CREDIT REVIEW SERVICES

Client Overview: Taamul Credit Review Services specializes in financial documentation, risk review, and credit profiling. To enhance accuracy and efficiency in high-volume financial data handling, Taamul partnered with Yantrikas Technologies to automate one of its most time-consuming tasks—bank statement processing.

Project: Bank Statements Extractor (BSE)

Objective: To automate the extraction, validation, and structuring of financial data from scanned and PDF bank statements—reducing manual effort, improving accuracy, and enabling faster financial decision-making.

🔹 Benefits

1. Automation of Manual Data Entry

   • Eliminates tedious, error-prone manual entry of bank statement data.

   • Saves significant time and operational cost.

2. Speeds Up Financial Processing

   • Enables real-time or near-real-time data extraction and storage.

   • Accelerates accounting, reconciliation, audit preparation, and financial analysis.

3. Intelligent Data Extraction via OCR

   • Uses Optical Character Recognition (OCR) to handle scanned and image-based PDFs.

   • Capable of extracting unstructured data from various bank formats accurately.

4. Structured Data Storage

   • Extracted data is organized into a structured database (SQL, NoSQL, etc.), enabling easy querying, filtering, and reporting.

   • Ensures consistency across financial records.

5. Improved Accuracy and Data Validation

   • Reduces human errors with built-in rules or AI models for pattern recognition and validation.

   • Can flag anomalies or missing data for review.

6. Enables Analytics & Reporting

   • Makes it easy to generate insights on cash flow, expenses, and transactions.

   • Integrates with BI tools (e.g., Power BI, Tableau) for dashboards and reports.

7. Enhances Security and Compliance

   • Securely stores financial data in compliance with regulations (e.g., GDPR, SOX).

   • Audit trails and access control ensure data integrity.

8. Scalable for Volume

   • Can process hundreds or thousands of PDF statements from multiple banks automatically.

   • Supports batch processing and multi-format extraction.

9. Easy Integration

   • Integrates with ERP, accounting, and CRM systems for seamless data flow.

   • API-ready for system-to-system automation.

10. Customizable for Business Logic

• Can be tailored to extract only relevant data fields like date, amount, narration, account number, etc.

• Rules-based filtering for specific transaction types (e.g., income vs. expenses).