Calculate 120+ spreads in under a minute with just three months of bank statements or a Plaid connection. Stop spreading manually and improve time-per-file from ~15 minutes to 1 minute with Heron Data.
Hey Hunters!
Business credit decisions are often manual and time consuming - just getting the data into a format that a Credit Manager can make a call on sometimes takes hours. Our goal at Heron Data is to make SMB credit quick, fair, and easy.
PDF Bank Statements are the universal standard for underwriting an SMB but are the bane of many business lenders' Chief Risk Officer. Our latest launch has helped B2B lenders to cut the bank statement review step from 15+ minutes to <1 minute.
Rather than manually reviewing bank statements, you can now use Heron to parse statements in 1 second and recreate a set of standardised Reports either in our dashboard or via API without your team having to manually tag transactions - check out some images in the gallery! You can use our Overview page to customise a report with the metrics most relevant for your underwriting process.
How does this help me?
- Reduce company processing time - get answers to your customers faster (improve conversion) and reduced costs by getting more out of each underwriter.
- Standardise the approval process: underwriters might label transactions differently or miss red flags if they are inexperienced. Heron helps you make sure everyone is working with the same data.
- Benchmark your applicants on metrics like profitability, probability of bounced payments, and cashflow quality.
You can test Heron with any business bank data format. Send us bank statements or stream your Plaid data, and we’ll parse the transactions, categorize them and summarise them in exactly the same way.
If you’re interested in giving us a whirl reach out to [sales@herondata.io](mailto:sales@herondata.io) for a free trial.
Heron Data