Customers on one topic
How Lenders Use AI Bank Statement Analysis (Customer Stories)
Chapters
Transcript
What each customer said on camera, by chapter. Captions are lightly corrected for product and company names.
Full transcript
Capital Solutions Providers: the true cash flow
I like the bank statement analysis, honestly, because I can look at the inflows, outflows, debt service coverage and also check the fraud of the bank statement. That's kind of tells you the true cash flow of the business.
Eagle Crusher: hours → minutes
The spreadsheet analysis, like the bank statement analysis and the financial statement analysis, which usually took us hours to do, is in a matter of minutes. Like I said, that's just on full financials deals. That takes us literally no time at all to review them. We still have to go through and look at them, of course, but it reduces an hour to two hours worth of work on that and on full financial deals. Regarding the write-ups, it saves, again, so much time that we can go out and get other business and not have to add another person to the overhead.
The Funding Booth: no more scrolling statements
Within a couple minutes, I'm able to spread the file out and look at everything right out of the get-go. So I don't have to manually pull credit. I don't have to look up the SOS. If I have bank statements, I don't have to, you know, scroll through the banks to see everything's analyzed there. And those are things that have been advanced. Like when we first started, I don't know if the bank statement stuff was, you know, was as useful as it is now. But it's just super helpful to have all that stuff right then and
Finance Pros Inc: balances and borrowing
So the AI analytics up front, the summary, first thing, second thing, bank analytics tells me a lot about loans they have, how they manage your money, what kind of balances they
Hub Funding Solutions: pre-qualified in five minutes
But even when we just need bank statements, people upload them, they run credit automatically, which is something I would like to touch on. And then, my gosh, we have a profile ready to go, ready to submit, ready for us to pre-qualify in five minutes. Instead of two hours of processing, it's, or overnight, it's five
