Bankstmtconverter vs Rocket Statements Detailed comparison features, price

Bankstmtconverter

Bankstmtconverter is an advanced tool designed to streamline the process of converting bank statements into editable formats. It utilizes artificial intelligence and Optical Character Recognition (OCR) technology to accurately extract data from various sources, including PDF documents and scanned images (JPG, JPEG, PNG).

The platform offers a user-friendly interface where users can upload their documents and receive converted files in formats such as Excel, CSV, and Google Sheets. It supports handling statements from multiple banks and financial institutions due to its advanced training on a wide variety of statement layouts.

Rocket Statements

Rocket Statements offers a fast, simple, and secure way to convert bank statements, eliminating manual data entry. This tool seamlessly transforms PDF bank statements into formats compatible with leading accounting software such as QuickBooks, Xero, and FreshBooks. It supports conversions from PDF and image files to Excel, CSV and JSON.

With enterprise-grade encryption and support for over 100 major banks worldwide, the platform ensures data security and provides clean, structured output. The built-in AI copilot ensures high accuracy and efficiency, streamlining financial workflows.

Bankstmtconverter

Pricing

Freemium

From 2$

Rocket Statements

Pricing

Freemium

From 15$

Bankstmtconverter

Features

Table Detection: Automatically identifies tables within invoices, receipts, bank statements, and credit card documents.
OCR: Transforms table detections into Optical Character Recognition (OCR) output. Supported Formats - Excel, CSV and Google Sheets.
Word Accuracy: Word accuracy assessed on a row-by-row and column-by-column basis.
Structured Format: Convert unstructured data into a structured format.
Advanced Training: The AI model is trained on over 1 million financial documents.
GPU-Powered Processing: Utilizes powerful GPU machines for efficient bulk processing.

Rocket Statements

Features

Data Transforms: Seamlessly convert PDF bank statements into formats supported by accounting software like QuickBooks, Xero, and FreshBooks.
Bulk Processing: Upload and convert batches of statement PDFs at once.
Multiple Export Options: Export converted statements into Excel, CSV, or JSON formats.
Secure Encryption: Enterprise-grade encryption to keep data and files encrypted at rest and in transit.
AI Copilot: Built-in AI ensures smooth and flawless conversions.
Global Bank Support: Compatibility with over 100 major banks worldwide.
Clean Data Formatting: Structures statement data cleanly, with key fields formatted for readability.

Bankstmtconverter

Use cases

Converting bank statements from PDF to Excel for analysis.
Extracting data from scanned images of financial documents.
Automating the entry of financial data into accounting software.
Streamlining financial data processing for businesses.
Converting unstructured financial data into a structured, usable format.

Rocket Statements

Use cases

Streamline accounting workflows by automating data entry.
Prepare financial reports and analyses.
Integrate bank statement data with accounting software.
Bulk convert historical bank statements for auditing.
Securely manage and archive financial data.

Bankstmtconverter

FAQs

Is my financial data secure?

Yes, we take data security very seriously. We use bank-grade encryption for all data transfers and storage. Our system is compliant with industry-standard security protocols.

Do you store my bank statements after processing?

No, we do not store your bank statements. Extracted files are automatically deleted from our servers based on pricing plan Data Retention.

Can it handle statements from multiple banks?

Yes! Our AI is trained on a vast array of bank statement formats and can adapt to statements from virtually any bank or financial institution.

What if my bank changes its statement format?

BankStmtConverter AI is designed to adapt to new formats automatically. In most cases, you won't notice any difference. If you encounter any issues, our support team is ready to assist and update our model if necessary.

Can I cancel my plan?

Yes, you can cancel your subscription at any time.

Rocket Statements

FAQs

Is my data safe with the Rocket Statement bank statement converter?

Yes, Rocket Statement utilizes enterprise-grade encryption so your data and files are encrypted at rest and in transit.

How fast are conversions normally?

Conversions are very quick. In a flash, your statement will be converted for download.

Can your app really convert any bank statement into csv or excel sheet?

The app supports over 100 major banks worldwide and can convert PDF and image bank statements into CSV or Excel formats.

How do I use the Rocket Statement bank converter app?

Upload your bank statement file, click Export, and then download the converted file in your chosen format (Excel, CSV, or JSON).