Skip the Docsumo enterprise contract and demo calls. Bank Statement Engine converts PDF bank statements to Excel, CSV, and Tally format instantly — purpose-built for bank statements, 100% free for web use, no signup required.
| Feature | Docsumo | Bank Statement Engine |
|---|---|---|
| Price | Enterprise (custom quote) | Free (web) / API available |
| To get started | Request demo + sales call | Upload PDF immediately |
| Signup required | Yes + demo call | No — instant use |
| Document focus | General financial docs | Bank statements only |
| Bank statement accuracy | High (AI-powered) | 99%+ (bank-specific AI) |
| Indian bank support | Limited | 50+ Indian banks built-in |
| Tally CSV export | No | Yes (Tally ERP 9 & Prime) |
| QIF export | No | Yes (QuickBooks/Quicken) |
| Password-protected PDFs | Yes | Yes |
| API access | Yes (enterprise pricing) | Yes (competitive pricing) |
| Ideal for | Enterprise fintech teams | Accountants, SMEs, CA firms, lenders |
Docsumo requires a demo call and enterprise onboarding. Bank Statement Engine works in 30 seconds — upload PDF, download data. No calls, no contracts.
Docsumo targets enterprise customers with custom pricing. For SMEs, CA firms, lenders, and individual accountants, we offer full functionality at zero cost for web use.
Docsumo is a general financial document AI. Our AI is trained specifically on bank statement layouts, producing higher accuracy on the specific debit/credit/balance extraction task.
50+ Indian bank formats (HDFC, SBI, ICICI, Axis, Kotak, PNB, Canara, etc.) are pre-built. Docsumo has limited Indian bank coverage without custom model training.
Accountants need Tally-compatible CSV and QIF format for QuickBooks — formats Docsumo does not support. We export both, free.
Our REST API accepts a PDF, returns structured JSON. No model training, no webhook setup, no Docsumo-style workflow configuration needed.
Any bank statement PDF from any country — no format configuration needed
AI identifies the bank, extracts all transactions with correct debit/credit split
Get Excel, CSV, JSON, Tally CSV, or QIF — import into any accounting software
Docsumo is popular in lending for automated bank statement analysis. Bank Statement Engine serves lenders who need to extract transaction data from applicants' bank statements — income verification, expense patterns, NSF checks — without an enterprise contract. Our developer API integrates with loan origination systems via simple REST calls.
India's chartered accountancy profession relies heavily on bank statement processing for ITR filing, GST reconciliation, and statutory audit. Docsumo targets large fintech enterprises, not individual CA firms. Bank Statement Engine gives the same AI-powered extraction to every CA firm in India — free, with Tally CSV export built in.
Early-stage fintechs building bank statement analysis features cannot afford Docsumo's enterprise pricing. Our API provides the same quality extraction at a fraction of the cost, with a simple integration path and no minimum volume commitments.