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Evolution AI
AI-powered data extraction from financial documents.
Evolution AI
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AI-powered data extraction from financial documents.
Most popular alternative: Extractizer (5 saves)
By unverified author Claim this AI
Generated by ChatGPT
Evolution AI is a specialized tool designed to extract data from financial documents with human-like accuracy. Leveraging generative AI technology, the tool processes a vast variety of documents including financial statements, invoices, and bank statements among others.
Unlike conventional extraction methods, Evolution AI does not require defining any rules or writing any code, allowing for more efficient and seamless operation.
This eliminates tedious manual data extraction and entry, making it an incredibly useful tool in the financial sector for various functions such as loan underwriting, trade finance, and contract analysis.
In addition, the tool also supports the extraction of data from identity documents like passports and driving licenses. Trusted by global industry leaders, Evolution AI offers a one-stop solution for high-quality data extraction.
The use of this tool extends across various sectors in the commercial finance industry including Independent Financial Advisors, Asset Management and Insurance Brokers.
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Releases
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August 26, 2020
Initial release of Evolution AI.
Pricing
Pricing model
Paid
Paid options from
$0.10/unit
Billing frequency
Pay-as-you-go
Prompts & Results
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Evolution AI was manually vetted by our editorial team and was first featured on November 4th 2024.
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62,922505v2.5 released 1mo agoFrom $500/mo
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894,537648v1.6 released 29d agoFree + from $12/mo
Reducing manual efforts in first-pass during code-review process helps speed up the "final check" before merging PRs
Pros and Cons
Pros
Extracts from financial documents
No rules defining required
No code writing required
Efficient operation
Eliminates manual data extraction
Supports identity documents
Financial sector functions
Loan underwriting
Trade finance
Contract analysis
Trusted by industry leaders
One-stop solution
High-quality data extraction
Useful in various sectors
Asset management
Insurance brokers
Financial advisors
Processes variety of documents
Award-winning tool
Data extraction from invoices
Bank statements processing
Private Equity Support
Automates data entry
Litigation support
Passport data extraction
Driving Licenses data extraction
M&A support
Supports Independent Financial Advisors
Extracts data from contracts
Trade Finance assistance
Data extraction from invoices
Extracts data from reports
Recommended by global leaders
Advanced Technology
Exceptional customer service
Practical 20/7 support
Processes 1.5 million pages daily
Supports various document formats
View 33 more pros
Cons
Specialized for financial documents
Possibly poor non-financial performance
Inefficient on non-uniform documents
Limited scope of operation
Unknown error recovery
Global applicability not mentioned
Actual processing speed unclear
Only document data extraction
View 3 more cons
1 alternative to Evolution AI for Financial data extraction
Q&A
What is Evolution AI?
Evolution AI is a specialized tool that leverages generative AI technology to extract data from financial documents with human-like accuracy. It is an advanced solution for data extraction from a broad range of financial documents such as financial statements, invoices, and bank statements.
How does Evolution AI work?
Evolution AI uses generative AI technology which does not require defining any rules or writing code. This makes the process more efficient and seamless. It automates the tedious manual data extraction and entry, significantly improving operational efficiency.
What types of documents can Evolution AI process?
Evolution AI can process a vast variety of financial documents including financial statements, invoices, and bank statements. The tool also supports the extraction of data from identity documents like passports and driving licenses.
What sectors in commercial finance can benefit from Evolution AI?
Evolution AI can benefit various sectors in the commercial finance industry including Independent Financial Advisors, Asset Management and Insurance Brokers. It is specifically beneficial for functions such as loan underwriting, trade finance, and contract analysis.
Can Evolution AI extract data from identity documents like passports and driving licenses?
Yes, Evolution AI supports the extraction of data from identity documents such as passports and driving licenses.
Does Evolution AI require coding for its operation?
No, Evolution AI doesn't require coding for its operation. It uses generative AI technology and does not require defining any rules or writing of code, making it a more efficient and user-friendly solution.
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Data extraction is accurate and incredibly efficient. Plus, it's super easy to use - no setup, no onboarding forms, perfectly simple UI. We started using it right away. The bank statements feature quickly imports, categorizes, and matches transactions. Their automatic categorization and matching process fully automates the reconciliation flow in our team. -
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