Heron Data: AutoSpreadStandardise any chart of accounts in minutes

Heron Data | Parse Financial Statements with Ease

Introduction

Heron Data helps SMB and Mid-Market Lenders instantly read Financial Statements and return structured data for underwriting. Our platform supports all types of Financial Statements (Income Statements, Balance Sheets, Tax Returns) in any format including PDF, XLXS, and CSV. With fast processing speeds, Heron converts Financial Statements into reviewable underwriting files in under 2 minutes, reducing manual human hours and allowing underwriters to focus on their core tasks.

Key Features

• Any File, Any Format: Handle all types of Financial Statements in various formats such as PDF, Excel, CSV, JPG, Word, and ZIP.
• Fast Processing Speed: Convert Financial Statements into structured data in under 2 minutes.
• Reduce Manual Hours: Minimize time and costs associated with file manipulation.
• Data Extraction: Use in-house GenAI models to read documents and return structured data.
• Categorization: Automatically categorize line items based on a customer’s underwriting template.
• Financial Ratios Calculation: Calculate Liquidity Ratios, Leverage Ratios, Cash Flow Analysis, Profitability Metrics, and other Financial Ratios.
• Bank Data Comparison: Cross-reference values from Financial Statements and Bank Statements to ensure data integrity.

Use Cases

• Merchant Cash Advance: Get from application to decision in less than 5 minutes with ISO application scrubbing and bank statement parsing.
• Lines of Credit: Provide short-term lines of credit or other short-term financing based on historical revenue and expenses.
• Revenue Based Financing: Automate working capital loans for e-commerce or SaaS customers.
• Commercial Insurance: Automate submission and claim intake processes for commercial lines.
• Business Credit Cards: Underwrite with confidence and help customers manage expenses with merchant-locking.
• Embedded Finance: Underwrite with speed using a fully automated solution without a human-in-the-loop.
• Traditional Term Loans: Provide longer-term, secured credit products like SBA loans.
• Equipment Financing: Parse Income Statements, Balance Sheets, and Tax Returns for underwriting.

Pricing

Heron Data offers flexible pricing plans tailored to meet the needs of different businesses. Contact us for a customized quote based on your specific requirements.

Teams

Heron Data is powered by a dedicated team of experts in financial technology and data processing. Our team is committed to providing innovative solutions that streamline the underwriting process and enhance decision-making for SMB and Mid-Market Lenders.

Book a demo today to see how Heron Data can transform your financial statement processing and underwriting workflows.