An ePDF is a PDF file that originates from a digital source; essentially any computer-generated PDF. If you download statements from your online banking portal or receive them via email directly from the bank, they are an ePDF.

Any statements or data that originates as a piece of paper and is scanned, photographed or otherwise converted into a PDF file is not an ePDF. They are essentially just images of the original document saved as a PDF and will be extracted and processed as such.

AutoEntry has built a bespoke digital extraction for ePDFs that does not require OCR (optical character recognition), speeding up the extraction process dramatically. When a scanned paper document is uploaded, we process approximately 80% of those files within 4 hours primarily depending on server load, file size and scan quality. These documents are scanned by our system, the data is extracted via OCR and the figures are verified.

With an ePDF, the data is read from the code embedded within the file, removing the requirement for OCR and verification. This means the turnaround time for an ePDF upload has the potential to complete up to 10x quicker!

Currently, we have over 600 banks and card providers already set up to digitally extract ePDFs. Each time AutoEntry receives an ePDF from a bank or card provider that we have not set up for digital extraction, AutoEntry will process those files as normal, and add it to our data set for digital extraction going forward.