Case Study: Lendr accelerates SMB funding with Ocrolus AI document automation

Lendr cuts bank statement processing from hours to 12 minutes with Ocrolus

Lendr, a provider of working capital to small businesses, faced a challenge in manually verifying bank statements, a process that took their team over five hours per week and hindered efficiency. To address this, they turned to vendor Ocrolus and its AI-driven document automation solution for bank statement analysis.

By implementing Ocrolus, Lendr reduced its bank statement processing time from multiple hours to just 12 minutes on average. This integration is estimated to save the company over $560,000 annually through efficiencies and has freed up internal teams to focus on higher-value analysis. Ocrolus also provided automated fraud detection, further enhancing the security and speed of Lendr's funding process.

Lendr