OCR for P&L Statements
Extract and parse data from P&L statements 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 P&L statements 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 Profit & Loss Statements in Just a Few Steps
Instantly capture and convert your P&L statements into any structured format for easier integration. Always get the best results with automatic edge detection for more accurate processing.
Send Your P&L Statements
Scan your P&L statement 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 names, costs, or incomes 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 P&L Statement 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
Profit & Loss Statement OCR Features
Our machine learning technology can automate many P&L 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 P&L data
Financial workflow automation
Fraud detection
How to Implement
Automate P&L Statement 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 P&L Statement OCR, as our experts help you revolutionize your document processing.
Frequently Asked Questions
When to automate P&L statement processing?How much does P&L statement processing cost?What types of statements are supported?Is extraction of P&L statement lines supported?How long does P&L statement OCR processing take?Can Klippa convert P&L statements to CSV, XLSX, XML or JSON?Is Klippa P&L statement processing GDPR compliant?
When to automate P&L statement processing?
The automated processing of P&L statements using OCR and machine learning is mostly used for market research, financial analyses and competitor analyses.
At Klippa we help companies in these sectors by providing them with plug and play APIs and SDKs for document processing. Our software enables you to focus on your core business, while we take care of the head ache of data entry.
How much does P&L statement processing cost?
The pricing structure for Klippa depends on the amount of fields and the scanning volume. Both pay per use and monthly licenses are available. Get in contact with our solution architects to get an exact quote.
What types of statements are supported?
Statements can come in many different languages, forms and have different requirements in other countries. Klippa can extract all information from P&L statements using OCR. We support all languages in the Latin, Greek and Hebrewalphabet.
Did you know that apart from P&L statements, Klippa OCR can scan other types of financial documents, such as balance sheets, tax statements, VAT statements, or even remittance advices? Contact us for more information.
Is Klippa P&L statement capturing GDPR compliant?
All the services that Klippa offers are fully GDPR compliant. Not only do we have ISO certified servers within the European Union for processing, we can also set up servers in other countries to conform to local legislation. A data processor agreement is in place. We do not store any of your or your customers’ data after processing.
Is extraction of P&L statement lines supported?
Yes. Klippa can extract general statement data, as well as line item data. Optionally we can even divide lines into specific (risk) categories.
How long does processing P&L statements with OCR take?
The speed of processing depends on the amount of pages and the document type. In general, processing a statement of up to 3 pages takes less than 5 seconds. The more pages, the longer processing will take.
Can Klippa convert P&L statements to CSV, XLSX, XML or JSON?
Yes we can. Klippa takes pictures of P&L statements, 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 P&L statements to CSV, XLSX or XML.