Case Study: Grid Finance approves loans 2x faster with Docsumo

Grid Finance approves loans 2x faster with Docsumo and 93% accurate income data capture

Grid Finance, an Irish income verification and lending company, faced a challenge with a manual process for capturing data from bank statements and pay slips. This slow and error-prone method, handled by a team of just two executives, was causing delays in loan approvals. They partnered with Docsumo to implement its Document AI solution to automate this data extraction.

Docsumo's solution processed documents 90% faster, achieving 93% touchless data capture. This automation saved Grid Finance over €5,000 monthly in processing costs and reclaimed 12 hours of executive bandwidth each week. As a result, Docsumo helped Grid Finance approve loans twice as fast with greater accuracy, improving outcomes for their small business customers.

Grid Finance