Last November, I decided to tackle this problem with AI. After 3 months of development and rigorous testing with our accounting team, I built a tool that actually works. Key features:
1. Built on Llama 3, runs 100% locally for data privacy 2. Batch processing for multiple statements 3. Smart transaction categorization, date & amount detection 4. Customizable export templates 5. 99.9% accuracy rate
We now have 2,500+ finance professionals using it. One success story: an accounting firm that used to spend 2-3 days processing 500 pages of statements monthly now gets it done in minutes.
Would love your feedback, particularly on: 1. What other pain points should we address? 2. Thoughts on pricing? 3. Which bank statement formats should we add support for?
Try it out: https://bankstatementconvert.com/