How 365 Business Finance Cut Underwriting Time from Hours to Minutes with DocuClipper

Company Background

365 Business Finance is a UK-based lender that specializes in providing funding to small and medium-sized businesses. As part of their underwriting process, the team reviews thousands of bank statements to assess borrower cash flow and creditworthiness. Fast, accurate data extraction is critical to keeping loan approvals moving efficiently.

The Challenge

Before implementing DocuClipper, 365 Business Finance relied on a fully manual process to extract transaction data from PDF bank statements. Team members would spend hours entering transactions into spreadsheets by hand—a repetitive, tedious task that was not only slow but also prone to human error.

“Manually entering bank statement data was painfully slow and left too much room for mistakes,” the team recalls. “It became a bottleneck that delayed our ability to approve loans quickly.”

This labor-intensive process made it difficult to scale operations, especially during periods of high application volume. The inefficiency impacted turnaround times, reduced internal bandwidth, and occasionally led to costly delays in decision-making.

The Solution

In search of a faster, more reliable process, 365 Business Finance adopted DocuClipper—a powerful tool for automating bank statement data extraction. With DocuClipper, the team can now upload PDF statements and receive clean, structured Excel files within minutes.

“It’s a complete game-changer,” they said. “Instead of spending hours combing through statements, we get the data we need almost instantly.”

The implementation was straightforward, and the tool quickly became an integral part of the team’s underwriting workflow.

The Results

Since integrating DocuClipper into their process, 365 Business Finance has seen dramatic improvements in both speed and accuracy:

• Time savings: Manual review time reduced from hours to just minutes per application

• Improved accuracy: Eliminated human error from data entry

• Faster loan decisions: Underwriters can now verify income and analyze trends much more efficiently

• Scalable process: The team can handle higher volumes without adding headcount

“We can now spot trends and verify income in a fraction of the time it used to take. The speed and clarity of the data have allowed us to streamline our underwriting process significantly.”

Why They Recommend DocuClipper

365 Business Finance strongly recommends DocuClipper to other finance and lending institutions that deal with high volumes of paperwork and need to streamline their operations.

“We’d recommend DocuClipper to any finance or lending company drowning in manual processes. It’s saved us time, improved our accuracy, and helped us serve our clients faster. At this point, we honestly can’t imagine our workflow without it.