AI Bank Statement Extraction Tool

We are an established accounting firm looking to innovate the way we process our clients' bank statements. Currently, we utilize Amazon Textract for extracting data from these documents. However, we aim to develop a more tailored AI solution that efficiently gathers transaction descriptions, account numbers, and structures them into a well-organized Excel format. While we have experimented with ChatGPT for this task, we've encountered issues with data accuracy and hallucinations. Therefore, we require an AI system that minimizes errors and ensures high fidelity in data extraction and organization. Project Requirements: 1. **Custom AI Development:** Create an AI tool that can accurately extract data from various bank statements, focusing on transaction descriptions and account numbers. 2. **Data Structuring:** The extracted data must be automatically organized into a structured Excel sheet, making it easy for our team to analyze and process. 3. **Integration Capability:** The tool should be seamlessly integrable with our existing systems and workflows. 4. **Accuracy and Reliability:** The solution must prioritize accuracy, reducing the occurrence of hallucinations or inaccuracies in the extracted data. 5. **User Interface:** A simple and intuitive interface for uploading and managing bank statements would be preferred, though not mandatory. 6. **Scalability:** The solution should be scalable, capable of handling an increasing volume of documents as our firm grows. Ideal Candidate: - Has proven experience in AI and machine learning, especially in text and data extraction projects. - Possesses a strong understanding of finance and accounting terminologies to ensure the AI tool's effectiveness in recognizing relevant data. - Demonstrates previous work on similar projects or can provide a clear plan on how they would approach this project. - Can work closely with our team to understand our specific needs and integrate feedback throughout the development process. Please submit your proposal including: - Your experience and qualifications related to AI development, especially in data extraction. - Any previous projects of similar scope and complexity. - Your proposed approach for developing this AI tool, including technologies and methodologies you plan to use. - Estimated timeline and budget. We are excited to partner with a skilled developer to create an AI solution that enhances our data processing capabilities. If you are passionate about leveraging AI to solve real-world problems and have the expertise we need, we look forward to hearing from you!