Case Study: Beacon Funding achieves 4-minute bank-statement verification and reduced fraud risk with Ocrolus

Beacon Funding Corporation enhances decision-making and mitigates fraud risk with Ocrolus’ AI-driven solutions

Beacon Funding Corporation, a Northbrook, IL-based small-ticket equipment financier, needed faster, more reliable bank-statement verification as it expanded into new markets and the referral space. Manual reviews consumed over five hours per week and left the company vulnerable to increasingly sophisticated fraud, so Beacon Funding turned to Ocrolus and its AI-driven document automation (API integrated into their Credit Platform) to address the challenge.

Ocrolus’ solution automates bank-statement analysis and returns verified data within minutes, reducing verification time to about four minutes and becoming part of daily workflows for credit and sales teams. Within the first four months Beacon Funding identified an estimated 6–7 fraudulent applications that manual review would likely have missed, sped up credit decisions, reduced communication delays, and improved overall fraud mitigation thanks to Ocrolus’ analytics.

Beacon Funding

Michael Arida

Credit and Syndications Manager