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FinXtract
$349Starting price
1.2KMonthly visits
1Popularity
About FinXtract
FinXtract automates the extraction and structuring of financial data from diverse document types, including bank statements, invoices, receipts, and passbooks. It converts unstructured formats such as scanned PDFs, native PDFs, handwritten entries, and photos into standardized formats like Excel or Tally, enabling seamless integration with accounting systems. The platform leverages advanced OCR engines tailored for bank statements and invoices to accurately capture transaction details such as dates, descriptions, amounts, and balances. For tax compliance, FinXtract includes a GST invoice splitter to isolate tax components and supports GSTR-2A/2B reconciliation for GST reporting. It also offers a TallyPrime ERP connector to map extracted data directly into ledgers, streamlining bookkeeping workflows. Additional capabilities include workflow orchestration through custom pipelines, duplicate transaction detection, and outlier flagging to ensure data accuracy. Users can further enhance financial analysis with AI assistants designed for cashflow analysis and ledger queries. The system is designed to support over 100 Indian banks and provides supplementary tools like PDF editing and GSTIN/IFSC lookups to address common financial document challenges.
Key features
- Bank statement extraction from PDFs and images
- Invoice OCR with vendor and line-item capture
- Handwritten passbook digitization
- GST invoice splitter for tax components
- TallyPrime ERP connector with ledger auto-mapping
- GSTR-2A/2B reconciliation and matching
- Duplicate transaction detection and outlier flagging
- AI chatbot for ledger summaries and cashflow queries
Use cases
- Digitizing and reconciling bank statements for accounting
- Automating accounts payable with invoice data extraction
- Generating GST-compliant reports from invoices and receipts
Pros
- Supports multiple document types: bank statements, invoices, receipts, passbooks
- OCR for scanned, native and handwritten documents
- Direct export to Excel, CSV and TallyPrime
- GST reconciliation and tax component splitting
- Workflow builder with page filters and splits
Cons
- Credit-based pricing model with monthly limits
- GST reconciliation features require paid add-ons
- No explicit support for non-Indian banks or documents
Frequently asked questions about FinXtract
What types of documents can FinXtract extract data from?
FinXtract extracts structured data from bank statements, invoices, receipts, and passbooks in formats such as scanned PDFs, native PDFs, handwritten entries, and photos.
Does FinXtract support Indian banks specifically?
Yes, the platform supports over 100 Indian banks, enabling accurate extraction of transaction details from their statements and passbooks.
Can FinXtract integrate with accounting software like Tally?
FinXtract includes a TallyPrime ERP connector that maps extracted transactions to ledger accounts and allows one-click voucher pushes to TallyPrime.
What is the GST invoice splitter feature used for?
The GST invoice splitter extracts line-item details and matches SGST, CGST, and IGST components, automating tax component breakdowns for invoices.
How does FinXtract handle duplicate transactions?
The tool includes duplicate transaction detection to identify and flag redundant entries, improving data accuracy in financial records.
What kind of workflow customization does FinXtract offer?
FinXtract provides workflow orchestration with custom pipelines, allowing users to filter PDF pages, split documents, and define processing steps for batch operations.
FinXtract Website Engagement
Last Update: 9 days ago
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