With digitization and automation as the order of the day for two years and counting, it’s unusual to hear about how important human decision makers remain in business lending. The trend could hold over the next several years as lenders and their technology partners find...
Today in B2B payments, a PYMNTS report projects four out of five B2B transactions will be digital by 2025, and Ocrolus improves credit scoring for SMBs. Plus, mid-sized companies need more capital to digitize their accounts receivable processes, Veem teams with REPAY on B2B payments...
Ocrolus has raised $80 million in a Series C funding round that values the document automation platform at more than $500 million, according to a Thursday (Sept. 23) press release. The round was led by Fin VC. Ocrolus, which powers document workflows for clients that...
As Ocrolus CEO and Co-founder Sam Bobley put it, there’s never been a data capture technology that could analyze financial documents of any format or quality with perfect accuracy. Add in low-quality images and thousands of different document formats and the problem gets even worse....
March 01, 2022
With digitization and automation as the order of the day for two years and counting, it’s unusual to hear about how important human decision makers remain in business lending. The trend could hold over the next several years as lenders and their technology partners find the ideal balance between purely digital decisions and those needing […]
September 23, 2021
As Ocrolus CEO and Co-founder Sam Bobley put it, there’s never been a data capture technology that could analyze financial documents of any format or quality with perfect accuracy. Add...
September 20, 2023
Document automation firm Ocrolus has debuted Instant, its automated document processor. Instant, announced Wednesday (Sept. 20), is an artificial intelligence (AI)-powered service that lets lenders analyze bank statements and other financial documents for faster lending decisions while reducing risk. “Ocrolus has analyzed hundreds of millions of pages of financial documents, using AI working in tandem with Human-in-the-Loop […]
