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Solutions for scanning of bank statements to CSV

What solutions are practices using for scanning of bank statements to CSV?

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Hello all.

I am interested to hear what practices are using as a solution to scan bank statements to csv files? This is something that I'm interested in developing here with a view to either analysing the produced spreadsheet or more useful (and now frequently) importing into Kashflow.

OCREX's AutoRec seems to be the gold standard but I'm interested in looking at alternatives as well, particularly those that might not have a number of pages allowance as none of AutoRec's pricing models fit neatly into our potential usage.

Thanks in anticipation!

Andy

Replies (7)

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By morgani
03rd Mar 2017 11:19

We use Statement Rec by OCREX (same company as autorec).
It works really well. Ignore the pricing on the website. Phone them up and discuss your needs and they will sort pricing for you.

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By Manchester_man
05th Mar 2017 12:04

For infrequent use, pdftables gives you 25 pages free and you don't even need to make an account. Accurate software aswell and takes c. 3 seconds to turn à PDF bank statement into an Excel file.

Thanks (2)
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By JD
08th Mar 2017 12:06

Try Able2Extract - No over priced monthly/usage charges or PDF2CSV from Money thumb.

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By yaakovgrant
08th Mar 2017 12:39

If the client knows how to log on to their bank, why not get them to download into csv format. You can either show them how to do it yourself, or send them a link to the instructions?

Downside is that some accounts only allow a short period for downloads eg Barclays current a/c csv is 42 days max, you need to send reminders to the client each month.

(NB the way technology seems to be going is towards direct bank feeds, which obivates the need for csv imports altogether)

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Replying to yaakovgrant:
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By llysty
08th Mar 2017 12:56

Thanks for the reply.

Agreed (re bank feeds) and this is definitely our focus. It will take us time though so this question is more about how we use statements better since we generally already have them here. Any client who has access to online banking we're hoping will be a straightforward move to a bank feed.

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Replying to yaakovgrant:
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By Briar
08th Mar 2017 14:51

Barclays used to be limited in time. But it isn't as much now. They actually listened to protests and suggestions for improvement!

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By Swiftphil
01st Aug 2019 15:12

All good and well about bank feeds, but how do you load legacy information of a new client? If all that you have available are a bunch of PDF bank statements you need to convert them. Try swiftcsv.com - a cloud based system that converts PDF bank statements to CSV files in minutes with every line balanced. Back office fixes all small errors and you can try 5 pages for free. Its based in South Africa so they may have to create an interface for your bank

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