AI Balance Sheet Processing & Data Extraction Software

Automating their processes with AI

Affinda has removed the laborious workload from our accounts staff, who now focus on quality assurance and management of any outliers.

- Nathaniel Barrs, CTO, PSC Insurance

95%

reduction in manual work

10×

more invoices processed with no added staff

Enhanced auditability and tracking of invoice approvals

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Customer satisfaction is always our top priority, and Affinda has helped us achieve that by eliminating phone calls, manual handling, and delays.

- Jorg Both, Head of Business Systems, Northline

120,000

proof of delivery documents processed annually

82%

of documents straight-through processed in the first weeks

Automatic validation of documents against ERP system

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Two recruitment specialists reviewing a list of candidates

Affinda's ongoing improvements in its AI models demonstrate its innovative approach in Document AI.

– Michael Zhao, AI Product Manager, SEEK

High accuracy parsing across multiple languages
Improved customer experience thanks to better structured data
Stronger compliance with international data security and software standards

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Affinda’s support and expertise were invaluable… The experience working with Affinda was excellent.

- Nick Tran, Business Analyst, StateCover Mutual

300,000

documents processed annually

80

different document types

60%

Enhanced auditability and tracking of invoice approvals

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Logistics manager reviewing paperwork onsite

The results have spoken for themselves. I recommend Affinda to anyone looking to enhance their product or business with AI capability.

- Steve O’Keeffe, CTO, Felix

76%

reduction in manual data input

30%

reduction in compliance data errors

85,000

compliance documents processed annually

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Frequently asked questions

What is balance sheet processing?

Balance sheet processing is the workflow finance and accounting teams use to capture, validate and organize financial data from balance sheets â€“ including assets, liabilities, equity and account details. Our AI balance sheet processing software automates this entire process to reduce manual effort, eliminate errors and speed up financial reporting. It ensures data is accurate, structured and ready for accounting systems, audits and compliance workflows.

What is balance sheet data extraction?

Balance sheet data extraction is the process of reading a balance sheet and capturing key financial data points â€“ including assets, liabilities, equity, period and reference numbers. Our platform uses advanced AI to automate balance sheet data extraction, transforming unstructured financial documents into structured data ready for your accounting, audit and financial reporting systems.

What is balance sheet extraction?

Balance sheet extraction is the automatic capture of financial data from balance sheets using AI. Our balance sheet extraction software combines reading order models, OCR, LLMs, RAG and more to convert this information with high accuracy and faster processing times.

What is an balance sheet parser?

A balance sheet parser is a software tool that automatically reads and extracts data from balance sheets into structured, machine-readable formats. Our AI balance sheet parser handles complex tables, multi-page sheets and varying layouts with ease â€“ learning from every interaction to make smarter decisions and transforming balance sheet data into exactly the format your accounting and financial systems need.

What is balance sheet line extraction?

Balance sheet line extraction captures the detailed account data within your balance sheet's structured rows, transforming it into usable formats while preserving the critical relationships between assets, liabilities and equity entries. Our AI interprets financial tables with strong contextual understanding â€“ handling everything from simple line items to complex nested structures with grouped accounts and subtotals.

What data fields can Affinda's AI balance sheet processing software extract?

Affinda's AI balance sheet processing software can capture data from any field on a balance sheet. Standard data fields include:

Assets

Current Assets: Cash, accounts receivable, inventory and other liquid assets expected to convert to cash within one year.
Non-Current Assets: Property, plant, equipment, intangible assets and long-term investments.
Asset Account Names / Numbers: Individual account titles, codes and classification identifiers.
Asset Values / Balances: Monetary amounts for each asset line item and subtotal groupings.

Liabilities

Current Liabilities: Accounts payable, short-term debt and obligations due within one year.
Non-Current Liabilities: Long-term debt, deferred tax liabilities and other obligations beyond one year.
Liability Account Names / Numbers: Account titles, reference codes and category classifications.
Liability Values / Balances: Outstanding amounts for each liability line and subtotal groups.

Equity

Share Capital / Common Stock: Issued and paid-up capital, share classes and par values.
Retained Earnings: Accumulated profits or losses carried forward from prior periods.
Reserves / Other Equity: Legal reserves, revaluation surplus and additional equity components.
Total Equity: Sum of all equity accounts representing ownership interest.

Document Details

Entity Name / Legal Name: Name of the company or organization issuing the balance sheet.
Period / As At Date: Reporting date or period end for the financial position.
Currency: Denomination currency and any presentation scale (thousands, millions).
Reference Numbers / Document ID: Unique identifiers, version numbers or internal reference codes.
Comparative Period Data: Prior period balances shown alongside current figures.

Need to extract custom fields or handle unique balance sheet formats? Just define them in the UI or describe what you need in natural language â€“ Affinda will extract and structure them automatically.

What file types does Affinda's AI balance sheet processing solution support?

Our AI agents can process any file type. Supported file types include PDF, JPG/JPEG, PNG, TIFF, DOC/DOCbalance sheet (Word), balance sheetLSbalance sheet (Excel), HTML and Tbalance sheetT/CSV.

How does Affinda process balance sheets and extract balance sheet data?

Affinda's AI agents read, extract and validate balance sheet data. Our platform is intuitive to set up and easily integrates into your systems. Simply:

Upload your balance sheets via drag-and-drop, email or API.
Configure business logic to match your organization's rules and workflows.
Let Affinda check and validate extracted data against your business logic and accounting, audit, and financial reporting systems to ensure accuracy.
Access structured balance sheet data directly within your systems.

The result? Faster, more accurate balance sheet processing with minimal manual input.

Can Affinda extract data from scanned or image-based balance sheets?

Yes. Our AI balance sheet processing platform combines OCR with retrieval augmented generation (RAG), LLMs, agentic workflows, proprietary reading order algorithms and more, to automatically detect and process data from scanned or photographed invoices (PDF, JPG, PNG). Even low-quality images are automatically enhanced for reliable data capture and processing.

What language does Affinda's AI balance sheet automation platform support?

Our AI balance sheet processing platform can automatically detect and process balance sheets in 50+ languages, including multilingual balance sheets containing more than one language. Supported languages include: Afrikaans, Albanian, Amharic, Arabic (Standard, Egyptian, Sudanese, Algerian, Moroccan, Levantine), Bahasa Indonesian, Bengali, Bhojpuri, Bulgarian, Burmese, Chinese (Mandarin [PRC/Taiwan], Cantonese, Wu, Min Nan, Jinyu, Xiang, Hakka), Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Gujarati, Hebrew, Hindi, Hungarian, Italian, Japanese, Javanese, Kannada, Korean, Latvian, Lingala, Lithuanian, Macedonian, Malayalam, Marathi, Nepali, Norwegian, Odia, Persian (Farsi), Polish, Portuguese, Punjabi (Western and Eastern), Romanian, Russian, Slovak, Slovenian, Somali, Spanish, Swahili, Tagalog, Tamil, Telugu, Thai, Turkish, Ukrainian, Urdu, Vietnamese, Yoruba.

Does Affinda integrate with accounting and financial reporting systems?

Yes. Our balance sheet processing platform integrates with 400+ downstream systems, including major accounting, audit, and financial reporting platforms. You can create no-code integrations using our AI integrations agent, or build and host your own using our APIs â€“ whatever works best for your workflow.

What are some examples of AI balance sheet workflow automations?

AI balance sheet processing helps automate and streamline financial workflows across teams including:

Accounting Teams: Speed up period-end close and financial reporting by automatically extracting assets, liabilities and equity data from any balance sheet format. Business-rule validation flags inconsistencies â€“ catching balance mismatches, missing reference numbers and data entry errors before they reach your systems.
Audit Firms: Handle multi-client balance sheet reviews with AI that adapts to different accounting standards and formats, improving audit trail accuracy and reducing manual verification time.
Corporate Finance Teams: Feed structured balance sheet data into consolidation and reporting systems to improve accuracy, ensure compliance and scale financial operations across multiple entities.

What is an balance sheet OCR data extractor?

A balance sheet optical character recognition (OCR) data extractor scans and captures financial data from balance sheets, regardless of format or language. Upload documents in PDF, JPG or PNG formats. The OCR technology first converts the documents into a text layer, ensuring all content (even from scans, photos or complex tables) is captured. Affinda's AI models then identify and extract key fields such as assets, liabilities, equity, period and reference numbers, transforming them into structured, usable data.

This automation eliminates manual data entry, reduces errors and speeds up financial reporting. Once the balance sheet data is captured and structured, our AI balance sheet processing pipeline can apply validation and post-processing to enable seamless integration with accounting, audit, and financial reporting systems.

Organizations in accounting, finance and audit rely on Affinda's AI for their financial reporting, compliance and analysis processes â€“ streamlining workflows and improving accuracy across their operations.

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The AI platform for balance sheet processing

How to automate balance sheet processing with Affinda's AI

Upload your balance sheets, your way

Watch as it extracts your balance sheet data

Automatically route the data to your systems

Extract any information from any document, fast

Create models in seconds

Cleanse and transform data

Apply business logic

Affinda's AI reads, understands and extracts data from any balance sheet or document

Pathway 1: Use our AI integrations agent

Pathway 2: Write your own code

Get AI agents to process your balance sheets

Automate balance sheet processing with 99%+ accuracy

See ROI in weeks, not months

AI that instantly learns from your balance sheet and adapts

Easy integration, zero disruption

Configure your balance sheet model, customize and maintain control

Enterprise-grade security

Combine the best of artificial and human intelligence

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Automating their processes with AI

95%

10×

120,000

82%

300,000

80

60%

76%

30%

85,000

Try AI balance sheet processing for free

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