Bank Statement Reconciliation
Bank statement reconciliation is a critical process for ensuring financial accuracy, detecting discrepancies, and maintaining compliance. Without proper reconciliation, banks risk undetected errors, fraudulent transactions, and financial misstatements—impacting operational efficiency and regulatory compliance. However, traditional reconciliation methods are slow, manual, and resource-intensive.

Automating Bank Reconciliation for Maximum Efficiency
Axtraction AI automates bank statement reconciliation by extracting and organizing transaction data, reducing manual work, and improving accuracy. Say goodbye to tedious reconciliations and hello to efficiency! Instead of manual entry, banks can integrate Axtraction AI into their reconciliation systems to:
✅ Automate Data Capture – Extract transaction details, dates, amounts, and references in seconds.
✅ Reduce Errors – Minimize human input, ensuring accurate financial records.
✅ Speed Up Reconciliation – Provide structured data for seamless integration into banking systems.
✅ Enhance Compliance – Ensure accurate record-keeping for audits and regulatory requirements.
With Axtraction AI, reconciliation is no longer a manual burden.
Why Should You Consider Axtraction AI?
High-Accuracy AI Processing
Utilizes advanced AI to ensure precise data extraction with minimal errors.
Intelligent Field Recognition
Automatically detects and categorizes key financial data, such as transaction amounts, dates, and references, for structured output
Instant Data Capture
Extracts transaction details, amounts, and references from bank statements in real-time.
Seamless API Integration
Connects effortlessly with existing banking and reconciliation software for smooth data flow.

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Frequently Asked Questions
Axtraction AI extracts transaction data from bank statements and organizes it in a structured format. It helps match payments, flag discrepancies, and speed up reconciliation, saving time and effort. Try it today!
No! Simply upload your bank statement, and Axtraction AI will automatically extract and categorize transactions—eliminating the need for manual data entry. Start your free trial now!
We support PDF, scanned images, CSV, and digital bank statements. Our AI accurately reads data from various formats, ensuring smooth processing. Test it now!
Yes! Axtraction AI can highlight discrepancies, missing records, or mismatched transactions, helping you spot issues quickly and improve financial accuracy. See it in action with a free demo!
Absolutely! We follow ISO 27001, SOC, and PDPA compliance standards, ensuring encrypted data processing and secure handling of all financial records. Your security is our priority!
Yes! Axtraction AI seamlessly integrates with ERP, accounting, and financial systems via API. No complicated setup—just plug and play! Need help? Book a demo now!