Ocrolus
About Ocrolus
Ocrolus is a document automation software that helps businesses leverage human-in-the-loop review capabilities to retrieve data from any document and transform it into actionable insights. Our software automatically provides and uses the best OCR data extraction engines to detect altered documents, generate results quickly and optimize the document workflow with accuracy.
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- Industry: Financial Services
- Company size: 51–200 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Best in the industry
Reviewed on 02/06/2022
The experience has been great and I would recommend Ocrolus to any fintech that has a similar use...
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.
- Industry: Financial Services
- Company size: 201–500 Employees
- Used Daily for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 6.0 /10
Speed Leaves much to be desired
Reviewed on 23/05/2022
The time it takes to wait for OC to process slows my productivity leaving much to be desired! The...
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!
- Industry: Financial Services
- Company size: 501–1,000 Employees
- Used Daily for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 4.0 /10
What's happened with OC?
Reviewed on 20/05/2022
In the beginning it was like an amazing dream come true to make our role efficient and effective!!!...
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.
Response from Ocrolus
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.
- Industry: Financial Services
- Company size: 10,000+ Employees
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Overall, A Very Positive Experience
Reviewed on 22/06/2022
My overall experience with Ocrolus has been a positive one. All of the people that work for Ocrolus...
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.
- Industry: Financial Services
- Company size: 51–200 Employees
- Used Daily for 2+ years
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Great Product to Streamline Bank Statement Review Efficiency
Reviewed on 02/09/2021
Ocrolus has been a great resource for our company over the last several years. It has sped up our...
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
Response from Ocrolus
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.
Ocrolus FAQs
Below are some frequently asked questions for Ocrolus.Q. What type of pricing plans does Ocrolus offer?
Ocrolus offers the following pricing plans:
- Free Trial: Available
Q. Who are the typical users of Ocrolus?
Ocrolus has the following typical customers:
51–200
Q. What languages does Ocrolus support?
Ocrolus supports the following languages:
English
Q. Does Ocrolus support mobile devices?
Ocrolus supports the following devices:
Q. What other apps does Ocrolus integrate with?
We do not have any information about what integrations Ocrolus has
Q. What level of support does Ocrolus offer?
Ocrolus offers the following support options:
FAQs/Forum, Knowledge Base
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