Provides machine learning-powered document processing tools that automatically ingest, classify, and extract structured data from over 50 document types, including bank statements, financial statements, and ISO applications. This eliminates manual data entry, reduces underwriting turnaround times by up to 96%, and integrates seamlessly with CRMs and ERPs to streamline workflows for lenders, insurers, and legal firms.
Funding
$1.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many organizations face challenges in manually processing large volumes of documents, leading to time-consuming data entry, increased operational costs, and potential errors. Extracting structured data from diverse document types, such as financial statements, bank statements, and applications, requires significant human effort and slows down critical workflows.
Solution
Heron Data provides machine learning-powered document processing tools that automate the ingestion, classification, and extraction of structured data from over 50 document types. The platform streamlines workflows by eliminating manual data entry, reducing processing times, and seamlessly integrating with existing CRM and ERP systems. By automating document workflows, Heron Data enables businesses to make faster, more informed decisions, reduce operational costs, and improve overall efficiency.
Target Audience
Heron Data primarily serves financial institutions, including small business lenders, equipment financing companies, and commercial insurers, as well as legal firms and fintech companies dealing with document-heavy processes.
Features
- Automated document classification, identifying and categorizing over 50 document types using proprietary ML models.
- Intelligent document parsing, extracting key data fields with over 98% accuracy.
- Direct Plaid integration for continuous, live transaction data feeds.
- Financial analysis tools that develop a complete picture of a company’s financial performance, including debt position, profitability, and affordability.
- Workflow automation, triggering next steps based on pre-defined guidelines and policies.
- Seamless integration with CRMs, LOS, and PAS systems via API.
- Secure API with SOC 2 Type 2 certification, ensuring data encryption in-transit and at-rest.