AI Client File Analysis: Data Extraction, Scoring and Automated Insights
The Challenge of Manual File Analysis
Analyzing client files manually is time-consuming and error-prone. For each application, your team must:
- Extract data from ID documents, bank statements, tax returns
- Verify consistency between documents
- Calculate key ratios and metrics
- Assess risk level
- Make an approval decision
This process can take hours per file and is subject to human error.
Formulr's AI-Powered Analysis
Formulr uses advanced AI to automate the entire analysis process:
Intelligent Data Extraction
- OCR recognition of text in scanned documents
- Automatic extraction of key fields (names, dates, amounts)
- Cross-referencing between multiple documents
- Detection of inconsistencies or anomalies
- Support for 50+ document types
Automated Calculations
Define your business rules and let AI do the math:
- Debt-to-income ratio calculation
- Net worth computation from asset declarations
- Revenue trends from bank statements
- Tax burden analysis
- Custom formulas for your specific needs
Risk Scoring
Get instant risk assessments based on your criteria:
- Configurable scoring models
- Weighted factors based on your risk appetite
- Automatic flagging of high-risk applications
- Score explanations for audit trail
- Integration with existing risk frameworks
Use Cases
Mortgage Applications
A bank receives hundreds of mortgage applications. Formulr AI extracts income from pay slips, calculates debt ratios from bank statements, and scores each application in seconds instead of hours.
Tenant Screening
A property management company uses AI to analyze tenant applications: verify income against rent requirements, check employment history, and generate a tenant score.
Insurance Underwriting
An insurance company automates initial underwriting by extracting risk factors from application documents and generating preliminary risk scores.
How It Works
1. Configure your analysis rules - define what data to extract and how to calculate scores
2. Client uploads documents through your onboarding journey
3. AI processes in real-time - extraction, validation, calculation
4. Review results - all data and scores in a structured dashboard
5. Make informed decisions - with complete audit trail
Security and Compliance
- All processing on European servers
- GDPR compliant data handling
- Audit trail for every analysis
- Human review capability for edge cases
- SOC 2 Type II certified infrastructure
Get Started
Ready to automate your file analysis? Try Formulr free for 14 days and see how AI can transform your underwriting process.