Case Study: 365 Business Finance cuts underwriting time from hours to minutes with DocuClipper

365 Business Finance cuts underwriting time from hours to minutes with DocuClipper

365 Business Finance, a UK-based lender specializing in funding for SMEs, faced a significant bottleneck in its underwriting process. The team manually extracted transaction data from thousands of PDF bank statements, a slow and error-prone task that delayed loan approvals and hindered scalability. To overcome this challenge, they implemented DocuClipper, a bank statement data extraction tool.

By adopting DocuClipper, the company automated its bank statement processing. The solution delivered clean, structured Excel files within minutes of uploading a PDF. This resulted in dramatic time savings, reducing manual review from hours to minutes per application, while also eliminating human error. The increased speed and accuracy allowed 365 Business Finance to make faster loan decisions and scale its operations efficiently without adding headcount. The team strongly recommends DocuClipper to other finance and lending institutions.

365 Business Finance