Case Study: Payro Finance triples funding volume with Ocrolus

Payro Finance triples funding volume with Ocrolus

Payro Finance, a provider of payroll financing, faced a challenge as its application volume grew. Their manual bank statement review process took up to three hours per application, which constrained their ability to provide the fast funding their clients needed and created pressure from potential fraud. To address this, Payro Finance turned to vendor Ocrolus for its automated document analysis and fraud detection service.

By implementing Ocrolus, Payro Finance automated its bank statement analysis and fraud checks. This solution cut review time by 67%, reducing it from nearly three hours to under one hour. The results were significant: the company tripled its funding volume over three years without adding any underwriting staff, maintained same-day funding for clients, and was able to detect sophisticated fraud attempts in minutes.

Payro Finance