Transmute
Transmute is a specialized product designed to revolutionize the way businesses handle financial documents.
This innovative tool is adept at converting PDF documents containing payroll reports, bank statements, and accountant prepared financial statements such as balance sheets and income statements into structured Excel files.
Transmute stands out as a powerful tool that transforms unstructured financial data into organized usable information using its sophisticated parsing technology. This tool helps simplify complex data analysis while saving time and resources.
Accurately Extract and Transform Data
Most generic PDF conversion tools often struggle to accurately convert complex financial documents, leading to an unfortunate scenario where crucial data is missing or misrepresented. These discrepancies emerge due to a lack of precision in recognizing financial formats and the inability to handle various layers and tables of data, thus resulting in errors in pivotal figures and undermining the reliability of the converted documents.
No other tool on the market brings you the power of Transmute and its ability to transform unstructured data into organized, actionable information. Built with sophisticated parsing technology, it meticulously extracts data from these financial documents, verifies the accuracy of the document and structures it in a user-friendly Excel format. This not only simplifies the task of analyzing complex data but also saves considerable time and resources, thereby enhancing productivity.
How It Works
Upload Your PDF
Select a PDF file from your computer to be uploaded for conversion to Excel.
Scanning for Data
Our AI system scans the PDF file for words and numbers as well as formatting information like tables, cleaning up the source document to gather all of the data
Restructure & Verification
We sort and group the scanned information to convey the intended document structure, we then cross reference and verify the information through a series of checks designed to score the accuracy of the document.
Output Excel XLSX File
The final document is now ready for review and you can see a letter grade of the conversion accuracy, you can download the document to your computer for immediate use.
FAQ
How long does it take to convert a document?
Transmute guarantees a fully automated document conversion process, devoid of any human involvement which means most documents are converted in 1-2 minutes, and in case of a conversion failure, an immediate flag for our review is initiated and you're notified promptly upon completion which typically takes between 1-2 business days.
Is my data secure?
We prioritize the security and confidentiality of your data above all else. We employ modern encryption technologies to safeguard your data both at rest and in transit. All data is encrypted using advanced cryptographic algorithms, ensuring that your sensitive information remains secure and private at all times.
Furthermore, to guarantee our commitment to security and data protection, we have undergone a SOC2 Type II audit. This rigorous audit conducted by certified independent auditors assesses our security systems, infrastructure, and practices against the highest industry standards.
Do you have an API? Can I automate this?
Yes, You can simply send a POST request to our API endpoint with the PDF file you wish to convert. Once the conversion process is complete, we utilize a webhook to send a notification directly to your designated URL. This effectively makes the document management process more efficient, as it eliminates the need for you to constantly check the status of your conversions. Instead, you receive real-time notifications right when your converted document is ready for retrieval.
Can I get raw data from your API in addition to Excel files?
Absolutely, our robust API not only supports returning parsed data in structured Excel files but also in JSON format, enabling you to obtain detailed and categorized chart of accounts, along with essential meta information such as distinguishing between short-term and long-term liabilities, for financial documents like balance sheets.
What if the quality of my PDF documents is poor?
Our software excels at handling and accurately converting documents with challenging characteristics like rotation and poor contrast, but in the rare event we cannot convert a document, you'll be promptly notified.
I have long documents which contain multiple reports, will this work?
Yes, as long as the report pages are grouped together, Transmute can efficiently segment them into separate sheets within the converted Excel document, thereby ensuring organized and convenient data access.