Ocrolus

What is Ocrolus?

Ocrolus is an intelligent document automation software tailored for the fintech industry. It leverages AI-driven technology to expedite lending decision-making processes by converting physical documents into digital data and conducting data analytics. By automating document processing, Ocrolus enables quicker and more precise lending decisions, offering features like document classification, data capture, relevant information detection, and data analysis. It supports various tasks such as cash flow analysis, income verification, address verification, employment verification, and identity verification across industries like small business lending, mortgage lending, consumer finance, and property management. Ocrolus enhances operational efficiency, provides developer resources for integration, and offers a resource hub with educational content. Overall, Ocrolus is an AI-powered solution that enhances lending processes, boosts decision accuracy, and transforms physical documents into actionable digital data.

Who created Ocrolus?

Ocrolus was founded by its co-founder and CEO, who was honored as a top CEO in 2022 by Business Insider. The company revolutionizes digital lending with AI-driven document automation, providing trusted data and actionable analytics for confident credit decisions across small business, mortgage, and consumer lending. Ocrolus was launched on June 10, 2023, aiming to level the playing field for borrowers and expand access to credit at a lower cost.

What is Ocrolus used for?

• Employment verification
• Address verification
• Identity verification
• Cash flow analysis
• Income verification
• Sort financial documents with precision using machine learning
• Extract and structure data using computer vision and human validation
• Identify suspicious activity with tampering detection and validation
• Gain deep insights into cash flow and income with clean, normalized data
• Evaluate financial health using bank data and cash flow analytics
• Calculate income for consumers with diverse employment profiles
• Extract and validate address information from any document
• Quickly retrieve employment data from disparate sources
• Establish and confirm identity using multiple document types
• Build on Ocrolus to create innovative and streamlined customer experiences

Who is Ocrolus for?

• Lenders
• Small Business Owners
• Mortgage lenders
• Consumer finance professionals
• Property Managers
• Small Business Lending
• Mortgage Lending
• Consumer Finance
• Property Management

How to use Ocrolus?

To use Ocrolus, follow these steps:

1. Sign Up and Schedule a Demo:

   • Fill out the form on the Ocrolus website to request a demo.

2. Document Processing:

   • Utilize Ocrolus for document classification, data capture, detection of suspicious activity, and data analysis.

3. Supported Documents:

   • Check the current list of supported documents on the Ocrolus website and contact them for additional requirements.

4. Free Trial:

   • Take advantage of a two-week trial offering 100 free pages of processing for bank statements, identification, income verification, tax forms, and other documents.

5. Pricing:

   • Access all features in the free trial with additional document types, easy accessibility via Dashboard, API, or integrations, early access to new products, and save up to 40% with volume commitment.

6. API Integration:

   • Explore Ocrolus API to create innovative and streamlined customer experiences.

7. Developer Program:

   • For developers, Ocrolus provides a developer program and comprehensive documentation for integration and customization.

8. Resource Hub:

   • Access informative content like whitepapers, eBooks, guides, and videos on intelligent document processing and more in the resource hub.

9. Subscription:

   • Subscribe to the Ocrolus newsletter for access to additional resources.

10. Industry Applications:

    • Ocrolus is suitable for small business lending, mortgage lending, consumer finance, and property management due to its automation capabilities.

11. Efficiency and Accuracy:

    • By automating document processing, Ocrolus helps make faster and more accurate lending decisions.

12. Operational Benefits:

    • Streamline workflows and improve operational efficiency with Ocrolus's automation features.

By following these steps, you can effectively utilize Ocrolus for document automation and financial decision-making processes with enhanced speed and accuracy.