rocketstatements

rocketstatements is an all-in-one, AI-driven solution designed to eliminate the tedious and error-prone task of manual financial data entry. It serves as a comprehensive toolkit for accountants, bookkeepers, and finance teams, enabling them to convert unstructured bank statements and financial documents into clean, organized, and usable data formats. By leveraging advanced AI and OCR technology, rocketstatements achieves 99.9% accuracy in data extraction, ensuring that every transaction, date, and amount is captured perfectly.

The platform is accessible via a web application and a convenient Google Sheets™ add-on, providing flexibility for different workflows. It supports a vast array of global banks, automatically detecting statement formats to streamline the conversion process. With a strong emphasis on security, rocketstatements employs bank-level 256-bit encryption and complies with industry standards like PCI DSS and HIPAA to ensure all user data is protected end-to-end.

How to use rocketstatements

The workflow is designed for simplicity and efficiency, transforming financial documents in just a few steps:

1. Upload Your Document: Users can easily upload bank statements in PDF or image formats (JPG, PNG, TIFF) directly from their computer using a simple drag-and-drop interface. Alternatively, they can forward emails with statement attachments to a dedicated rocketstatements email address for automatic processing.
2. Automatic Data Extraction: Once uploaded, the powerful AI engine instantly scans the document, recognizes the layout, and extracts all transactional data, including dates, descriptions, and amounts, with exceptional accuracy.
3. Transform and Clean Data: The platform's Data Transformation engine allows users to customize the output. You can clean up messy vendor names, categorize transactions, reorder columns, and format the data to perfectly match the import requirements of accounting software like QuickBooks, Xero, and FreshBooks.
4. Organize and Manage: All processed documents can be organized into custom folders and managed with powerful search and tagging capabilities, making it easy to handle high volumes of statements for multiple clients or accounts.
5. Export or Sync: Finally, the clean data can be downloaded in your preferred format (Excel, CSV, JSON, or a ZIP archive) with a single click. For Google Sheets users, the add-on allows for direct data import and synchronization, enabling real-time analysis and collaboration.

Core Features of rocketstatements

• AI-Powered Data Extraction: Converts PDF and image-based bank statements into Excel, CSV, or JSON with 99.9% accuracy, eliminating manual entry errors.
• Advanced Data Transformation: A powerful engine to clean, reformat, categorize, and restructure data to fit any workflow or accounting software template.
• Multi-Format Support: Handles various file types including PDF, JPG, JPEG, TIFF, and PNG.
• Google Sheets Integration: A dedicated add-on to import, sync, and analyze financial data directly within Google Sheets.
• Email-to-Process Automation: Automatically processes bank statements sent as attachments to your unique rocketstatements email address.
• Broad Bank Compatibility: Auto-detects statement formats from hundreds of banks across the US, Canada, UK, Australia, and other countries.
• Robust File Management: Features for creating folders, tagging, and searching documents to keep financial records organized.
• Bank-Level Security: Utilizes 256-bit encryption, secure infrastructure, and regular security audits to protect sensitive financial data.

Use Cases for rocketstatements

rocketstatements is ideal for a variety of professionals and businesses:

• Accountants and Bookkeepers: Streamline client onboarding and monthly bookkeeping by quickly converting stacks of bank statements into import-ready files for QuickBooks, Xero, or other accounting systems.
• Small and Medium-sized Businesses: Automate internal financial record-keeping, saving hours of administrative work and enabling faster financial reporting and analysis.
• Financial Analysts: Obtain clean, structured data sets from various financial documents for analysis, modeling, and forecasting without the hassle of manual data cleanup.
• Audit and Compliance Teams: Efficiently process and organize financial records for audits, ensuring data integrity and easy access to transactional history.

Advantages of rocketstatements

The primary advantage of rocketstatements is the massive time savings and increased accuracy it offers. By automating the conversion process, it frees up valuable time for professionals to focus on higher-value tasks. Its high accuracy minimizes costly errors associated with manual data entry. The platform is cloud-based, requiring no installation, and its robust security measures provide peace of mind. The flexibility of the data transformation engine and wide compatibility with banks and software make it a versatile and indispensable tool for modern financial management.

Pricing and Plans

rocketstatements operates on a freemium model, offering a free trial and tiered subscription plans. New users can get started with a 7-day free trial that includes full access and 500 free pages, with no credit card required. The plans are structured to cater to different usage volumes:

• Free Plan: Includes a starting credit of 200 free pages, basic features, and a 5 MB file size limit with 30-day data retention.
• Paid Tiers (e.g., Starter, Pro, Business): These plans offer a larger number of pages, advanced features like Live Sync with bank accounts, Data Transforms, and enhanced file management. They also come with increased file size limits (up to 500 MB) and longer data retention periods (up to 5 years).

For specific pricing details, users are encouraged to visit the official website.