OCR for Balance Sheets
Extract and parse data from balance sheets with AI-powered OCR software. Transform financial processes with automated processing.
Trusted by 1000+ brands worldwide
Ensure flawless data extraction
Accurately capture predefined labels from balance sheets with Artificial Intelligence.
Accelerated workflows with lightning-fast OCR
Reduce turnaround time with real-time feedback. Send and receive data instantly.
Simpler operations, less manual data entry
Automate your financial workflows, prevent errors, and enjoy time savings.
How it works
Process Balance Sheets in Just a Few Steps
Instantly capture and convert your balance sheets into any structured format for easier integration. Always get the best results with automatic edge detection for more accurate processing.
Send Your Balance Sheets
Scan your balance sheets with our mobile scanning SDK or upload them to our platform in any of these formats:
.jpg, .jpeg, .png, .pdf, .doc, .docx, .xlsx, .heic, .webp, and more.Extract Data
Choose which data fields you want to extract, such as the company name, assets, or liabilities to name a few.
Receive Formatted Output
Thanks to machine learning, you can have your data in a structured format like JSON, XML, or CSV.
Forward Your Data
After transforming your data into a structured format, you can then forward it to your software of choice for further processing.
What Data Fields You Can Capture with Klippa’s Balance Sheet OCR
Here are a few examples of data fields you can extract. All fields can be fully customizable to your needs. Need to extract additional fields? Let us know!
Klippa DocHorizon
Balance Sheet OCR Features
Our machine learning technology can automate many balance sheet related business processes via our IDP platform, APIs and SDKs.
Scanning and parsing
Format conversion to structured data
Image to text and JSON with OCR
Data extraction
Document classification
(Cross) validating balance sheet data
Financial workflow automation
Fraud detection
How to Implement
Automate Balance Sheet Processing With Software
Klippa provides easy integration via our platform, API, or SDK, and broad compatibility with major platforms and tools. Our well-documented solutions guarantee a hassle-free and smooth experience.
Low-Code Platform
Easily create & automate your entire document workflow on one IDP platform.
API Integration
Connect our document conversion module to your own application(s) via API.
Mobile Scanning SDK
Employ our SDKs to empower your mobile applications with smart scanning.
We Take Your Data Privacy & Security Seriously
We Support a Wide Range of Financial Documents
With Klippa, you can automatically extract and validate data from 20+ financial document types in all Latin languages. Do you have a special request? Don’t hesitate to contact our team.
“It is extremely pleasant to work together with a party that is as ambitious as we are. The willingness and speed with which Klippa implemented specific modifications for us is impressive.”
Let’s begin!
Discover the power of Klippa’s Balance Sheet OCR, as our experts help you revolutionize your document processing.
Frequently Asked Questions
What is a balance sheet?How much does balance sheet OCR cost?What types of balance sheets are supported?What kind of clients are using Klippa?What languages does Klippa support?Is Klippa balance sheet processing GDPR-compliant?Can Klippa convert balance sheets to CSV, XLSX, XML or JSON?
What is a balance sheet?
A balance sheet is a financial statement that reports a company’s assets, liabilities and shareholders’ equity at a specific point in time.
It offers a snapshot/summary of what the business owns and what it owes, as well as the amount invested by its owners, reported on a single day.
It is one of the three fundamental financial statements (next to the income statement and cash flow statement) and is used to gain insights into a company’s financial position.
Did you know that apart from balance sheets, Klippa OCR can scan other types of financial documents, such as P&L statements, tax statements, VAT statements, or even remittance advice? Contact us for more information.
How much does balance sheet OCR cost?
The pricing structure for Klippa balance sheet capturing depends on the amount of fields and the document volume. Both pay per use and monthly licenses are available. Get in contact with our product specialists to get an exact quote.
What types of balance sheets are supported?
There are many different types of balance sheets in the world or even in one country. In general, we support all these types and forms. In case you wonder if we support a certain form or have any other question, feel free to contact us.
Can Klippa convert balance sheets to CSV, XLSX, XML or JSON?
Yes we can. Klippa takes pictures of the balance sheets, or their PDF equivalents, and converts them to readable text using OCR. From there we use machine learning to turn the text into structured data. Most of the time we use JSON for this, but depending on your preferences we can also convert balance sheets to CSV, XLSX or XML.
What kind of clients are using Klippa?
Klippa’s engine extracts as much data as possible from balance sheets via OCR and machine learning. We support many different types of clients, because our engine is so versatile.
It is most commonly used by clients in accounting, banking and investments for profitability analyses, competitor analyses, financial health analyses and company benchmarking.
It is most commonly used by clients in accounting, banking and investments for profitability analyses, competitor analyses, financial health analyses and company benchmarking.
What languages does Klippa support?
All European languages are supported. Our engine performs best on balance sheets in English, Dutch, Norwegian, Danish, Swedish, Finnish, Italian, Portuguese, English Spanish, German, Hebrew and French. Other languages can be supported on request, we’d just need to train our machine learning models.
Is Klippa balance sheet capturing GDPR-compliant?
All the services that Klippa offers are fully GDPR-compliant. By default, we use ISO-certified servers within the European Union for processing. If you are not located within the EU, we can also set up servers in a region of choice.
Next to that, a data processor agreement is in place. We do not store any of your or your customers’ data after processing.