Ocrolus

RATING:

4.6

(16)

About Ocrolus

Ocrulus is the leading document automation solution with human-in-the-loop review that retrieves data from any document and transforms it into actionable data. With Ocrolus, you can automatically leverage the best OCR data extraction engines for the task at hand - generating results instantaneously or in minutes, detect altered documents, & optimize the document workflow with over 99+% accuracy. That's why partners like PayPal, Plaid, & Square work with Ocrolus. See why Ocrolus is named by Inc. Magazine as the #1 fastest-growing Fintech nationwide and the #1 fastest-growing software company in NY.

Ocrolus Pricing

Free trial: 

Available

Free version: 

Not Available

Transform bank statements of any format or quality into clean, structured data. Leverage bank transactions to assess cash-flow trends and credit risk.
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Ocrolus Reviews

Overall Rating

4.6

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

4.5

Value for money

4.5

Functionality

4.5

Most Helpful Reviews for Ocrolus

1 - 5 of 16 Reviews

Jim

Financial Services, 10,000+ employees

Used daily for less than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

4

FUNCTIONALITY

5

Reviewed June 2022

Overall, A Very Positive Experience

My overall experience with Ocrolus has been a positive one. All of the people that work for Ocrolus that I have interacted with have been top tier. Their customer support is very responsive and quick to provide solutions.

PROS

What I like most about Ocrolus is the analytics that they provide for their bank statement product. Without reliable, accurate analytics, we would be unable to properly service the loans.

CONS

What I like least about Ocrolus is that there has sometimes been a lack of communication. I was not notified when Ocrolus would release new analytics and the corresponding analytics guide. I have had to request an updated analytics guide and only then would I notice that they released new analytics.

Leah

Financial Services, 201-500 employees

Used daily for less than 6 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

3

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed May 2022

Speed Leaves much to be desired

The time it takes to wait for OC to process slows my productivity leaving much to be desired! The program often misses crucial information too. If the purpose is to increase my productivity then it is failing. I work twice to double check the missing information on missed lenders on financial documents and I wait twice as long to process information. Ocrolus gives me a clean data sheet but slows me down considerably - Needs improvement considering the cost to use it!The time it takes to wait for OC to process slows my productivity leaving much to be desired! The program often misses crucial information too. If the purpose is to increase my productivity then it is failing. I work twice to double check the missing information on missed lenders on financial documents and I wait twice as long to process information. Ocrolus gives me a clean data sheet but slows me down considerably - Needs improvement considering the cost to use it!

PROS

I like getting all the data I need in a clean spreadsheet

CONS

The time it takes to wait for OC to process slows my productivity leaving much to be desired! The program often misses crucial information too. If the purpose is to increase my productivity then it is failing. I work twice to double check the missing information on missed lenders on financial documents and I wait twice as long to process information. Ocrolus gives me a clean data sheet but slows me down considerably - Needs improvement considering the cost to use it!

LeErin

Financial Services, 501-1,000 employees

Used daily for less than 12 months

Review Source: Capterra

OVERALL RATING:

3

EASE OF USE

4

VALUE FOR MONEY

2

CUSTOMER SUPPORT

1

FUNCTIONALITY

3

Reviewed May 2022

What's happened with OC?

In the beginning it was like an amazing dream come true to make our role efficient and effective!!! BUT now I feel like OC is a burnt out toaster not wanting to toast anymore.

PROS

alert of fraud altered documents, extraction of balances, lenders, transfers pulled and other grouped useful information merchants, max deposits outside deposits.

CONS

The time in extracting the documents from ALL statements. I dont know how long it will take anymore. Chase, Bank of AM, Wells Fargo took no time, NOW it could take 30-1 hour to extract. Credit Unions and other unknown banks could take time i get that but when i pull up the bank statements and finish before OC has even completed one month something has gone wrong.

Vendor Response

Hi LeErin, we really appreciate this feedback! Speed is one of our top priorities and we are actively working to improve turnaround time. Please reach out to your account manager for further assistance.

Replied May 2022

Jarett

Financial Services, 51-200 employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

4

FUNCTIONALITY

4

Reviewed September 2021

Great Product to Streamline Bank Statement Review Efficiency

Ocrolus has been a great resource for our company over the last several years. It has sped up our underwriting process, requires less resources than hiring additional employees and keeps our bank statement review process consistent.

PROS

Easy to use Increases efficiency Speeds up time to underwrite Consistency

CONS

Could use better reporting Turn time on improvements and error investigations Needs more transparent process to review Suspicious Activity Flags

Vendor Response

Thanks for your candid feedback, Jarett! We're happy to hear that you find Ocrolus easy to use, and we're working on the cons you listed.

Replied September 2021

Michail

Financial Services, 51-200 employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed June 2022

Best in the industry

The experience has been great and I would recommend Ocrolus to any fintech that has a similar use case.

PROS

Ocrolus is definitely the industry leader in bank statement verification. The great API and data accuracy are what we rely on the most.

CONS

Waiting times can be longer for more complicated bank statements.

Reason for choosing Ocrolus

Ocrolus had the best API and most accurate data capture.