Manual entry costs scale with pages
A 20-page statement can contain hundreds of transactions. Staff must read the PDF, type the row, check the amount, and fix formatting. The cost rises with each client and each bank account.
OCR changes the job. Your team reviews extracted rows instead of typing them from scratch.
OCR still needs review
Bank statement OCR should include balance checks and row-level review. That keeps the work controlled. Your team confirms the export before it enters Excel or accounting software.
Best fit for firms with volume
Accounting firms, bookkeeping teams, and SME finance teams see the biggest gain when they process the same banks each month. Templates for Maybank, CIMB, Public Bank, RHB, and Hong Leong remove repeated cleanup.
Checklist
Use this workflow
- 01Use OCR for repeat bank formats.
- 02Keep manual review for low-quality scans.
- 03Check opening and closing balances.
- 04Export a standard CSV format for imports.
- 05Track time saved per client file.