Although the MoneyThumb PDF financial file converters have been used by accountants, small business owners, and for personal finance needs for years, more and more small business lenders are seeing the advantage of using our conversion tools.
Lenders like Kabbage–one of the biggest names in online small business loans–use MoneyThumb PDF financial file converters to seamlessly convert the financial files of prospective borrowers, giving them the ability to make very quick yes or no decisions about small business loans.
MoneyThumb’s enterprise-level PDF financial file converters allow small business lenders to automatically convert bank, credit card, and brokerage statements into the needed formats to quickly determine a small business loan applicant’s creditworthiness.
The MoneyThumb tool most used by small business lenders is PDF Insights. This conversion tools specifically designed for lenders outputs captured data into a standard format for automated consumption into the lenders’ bank system. PDF Insights utilizes IDR (intelligent document recognition) to identify bank/statement formats.
Unlike competitors, our solution doesn’t need to be told upfront which bank or format is being used, yet correctly processes over 99% U.S. statements. The output is delivered in a standardized format, even for statements from different banks.
Our automated statement reconciliation feature compares transaction totals to summary information on the statement. If all information on the statement is consistent, PDF Insights will identify the statement as reconciled, meaning you don’t have to spend time manually reviewing statements to identify inconsistencies.
PDF Insights can be installed as a web service capable of converting up to 6 months of bank statements at one time. This serves as a powerful batch processing engine to cut way down on the workflow of lenders.
Learn how the power of PDF Insights from MoneyThumb can help your organization speed financial file conversion processes and improve underwriting workflows by watching the following video demo:
If you are a small business lender and are not yet using the great PDF financial file converters specifically designed for lenders, why not take a free test drive today? Once you test out the extreme capabilities of these conversions tools, MoneyThumb is confident that you will start the new year off right with the ability to make quicker and more informed lending decisions.
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