Experinces/Thoughts on Ocrolus
Need a Funder or Vendor? START HERE

Results 1 to 9 of 9
  1. #1
    Banned Reputation points: 59
    Join Date
    May 2019
    Posts
    29

    Experinces/Thoughts on Ocrolus

    Anyone have any experience with Ocrolus, good or bad, that they're willing to share?

  2. #2
    Very positive overall - both the technology and the team. Happy to share more details, DM me.

  3. #3
    Senior Member Reputation points: 25752
    Join Date
    Apr 2015
    Posts
    300

    expensiveeeeeeeeeeeeeeee

  4. #4
    Banned Reputation points: 59
    Join Date
    May 2019
    Posts
    29

    This is what I've heard... I also heard time wise it takes a while for them to get bank statements back to you? If it's automated, why wouldn't it be right away?

  5. #5
    In terms of expense, if you do the math, having them process bank statements at 99%+ level of accuracy (plus screening for fraud!), will almost always be cheaper than what your backoffice is costing you for the same task.

    On timing, it’s usually 20 mins or (often) less.

  6. #6
    Banned Reputation points: 59
    Join Date
    May 2019
    Posts
    29

    Just assuming you work for them...
    Quote Originally Posted by Maestro View Post
    In terms of expense, if you do the math, having them process bank statements at 99%+ level of accuracy (plus screening for fraud!), will almost always be cheaper than what your backoffice is costing you for the same task.

    On timing, it’s usually 20 mins or (often) less.

  7. #7
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,049

    Moneythumb doesn't have all the "bells and whistles" - But essentially is a much cheaper solution that does some of the same things

  8. #8
    No, but I'm obviously a fan. Have worked without them, with an alternative OCR solution, and them, and think theirs is best.

  9. #9
    Member Reputation points: 4856
    Join Date
    May 2016
    Location
    San Francisco & New York City
    Posts
    75

    We work with them at BlueVine. See press release.

    I can't comment on price or efficacy in your situation (because I don't know your details), but I can tell you that we've had a good experience with Ocrolus. We are fans.

    Matt Estes
    BlueVine
    partnerinquiry@bluevine.com

Similar Threads

  1. Is This a Waste Of Time? Thoughts?
    By NickHubbard in forum Deal Bin
    Replies: 6
    Last Post: 11-07-2018, 05:13 PM
  2. Replies: 0
    Last Post: 06-06-2017, 02:46 PM
  3. Thoughts on CAN Capital
    By jcoop in forum Merchant Cash Advance
    Replies: 157
    Last Post: 01-24-2017, 11:06 AM
  4. What's your thoughts on these lenders?
    By ks0807 in forum Merchant Cash Advance
    Replies: 5
    Last Post: 09-10-2015, 12:23 AM
  5. Your Thoughts Of What Occured
    By 1StopFunding in forum Merchant Cash Advance
    Replies: 11
    Last Post: 04-23-2014, 06:35 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle
Fintech Nexus is shutting down


DIRECTORY