Extract key data points from PDFs, images, and emails into structured table columns (e.g., name, date, invoice number). Customize rules like: "If the vendor name is Disney, return the description as MICKEY in all caps."
Automated email parser
Set up a shared statements@yourcompany.com inbox and connect it to Lido. Every new incoming email will automatically be processed — attachments included.
Lido's template-free AI technology lets you convert bank statements into Excel without hassle.
Example: AI Email Parser
Seamless integration
Import from...
Seamlessly import invoices from your desktop, shared drives, or email.
Export to...
Automatically send extracted data to Excel, Google Sheets, QuickBooks, or your ERP.
Best OCR software to extract bank statements to Excel
The first generation was honest about its limitations. Templates were manual by design — you told the tool exactly where to look, and it looked there. It worked fine if your bank never redesigned their statement and your team never switched institutions. Neither stayed true for long. A layout change would silently corrupt extractions for weeks before anyone noticed. Teams with dozens of accounts became de facto template maintenance departments.
The second generation oversold the promise of "learning." Yes, ML models could generalize across formats — after you fed them hundreds of labeled examples per bank. The pitch was intelligence. The reality was a different kind of manual work, front-loaded instead of ongoing. Accuracy was also fragile: a new statement period, a rebranded bank, a slightly different PDF renderer — any of it could send accuracy off a cliff and trigger another retraining cycle.
The third generation doesn't ask you to teach it anything. It reads a bank statement the way an experienced accountant would — inferring what a field means from context, not coordinates. First upload, any bank, any format, it just works.
Lido is built on this approach. Drop in a statement from any bank — PDF, scan, photo, even an older printed format — and it returns clean, structured data: account details, transaction dates, descriptions, debits, credits, and running balances. No configuration. No training. No babysitting. Erewhon runs 20,000+ statements a month through Lido across thousands of accounts, including edge cases that would have broken every previous-generation tool they tried.
The real evaluation is simple: throw your worst statements at it. The ones from banks with cluttered layouts, the scanned ones with skewed text, the ones your last tool needed three attempts to read. If it asks for setup first, it's still living in a previous generation. If it returns clean data immediately, you've found what you've been looking for.
Case Studies
Soldier field saves 20+ hours each week by automating invoice processing with Lido
"What used to take us 20 hours each week now takes just 30 seconds per invoice. Lido has completely transformed our workflow."
SOC 2 Type II Compliant • HIPAA Compliant • No training on your data
What is the best software to extract bank statements to Excel?
Lido is the most accurate tool for extracting bank statements to Excel, pulling transactions, balances, and account details from any bank statement format — including scanned and older printed documents — with 99%+ field-level accuracy and no templates.
How does AI bank statement to Excel extraction work?
Lido uses AI vision models, OCR, and LLMs to read your bank statement and output clean, structured data directly into Excel — understanding layout, context, and field relationships rather than matching against rigid templates.
Can I extract bank statements from multiple banks into Excel automatically?
Lido extracts bank statements from hundreds of different banks directly into Excel without any per-bank configuration — each new format works automatically on the first upload.
How accurate is AI bank statement extraction to Excel compared to manual data entry?
Lido delivers 99%+ field-level accuracy when extracting bank statements to Excel, matching or exceeding manual data entry while eliminating the human errors that increase with volume and fatigue.
Can I extract bank statements to Excel in different languages?
Lido extracts bank statements to Excel in any language — including handwritten documents in non-English scripts — using AI vision models that understand document context rather than relying on language-specific OCR engines.
Is it safe to extract bank statements to Excel using AI?
Lido is SOC 2 Type 2 certified and HIPAA compliant, with AES-256 encryption at rest and in transit — and never uses customer data to train AI models.
What is the difference between template-based and template-free bank statement to Excel extraction?
Template-based extraction maps field coordinates per bank — account number at position X, closing balance at position Y — before it can output anything to Excel. Every new bank format requires a new template. Every layout change breaks the existing one. For teams managing 10–20 accounts it's manageable. For teams with 50+, template maintenance becomes a full-time job that defeats the purpose of automation.
Template-free extraction reads document structure and context without predefined rules, then outputs directly to Excel. New formats work on the first upload. Lido uses this approach. Esprigas extracts 27,000 documents monthly to Excel from hundreds of banking sources — every new format works automatically. Erewhon processes 20,000 statements monthly from thousands of accounts, including older printed formats and handwritten documents, with zero per-bank configuration.
How do I automatically extract bank statements to Excel for my finance team?
Extracting bank statements to Excel with Lido takes four steps, and most teams are up and running within the first hour.
Connect your document sources — Lido ingests statements from Gmail, Outlook, Google Drive, OneDrive, or direct upload. Statements arriving as email attachments are extracted automatically without anyone downloading files.
Define what to extract — describe the fields you need in plain English (account holder name, account number, transaction dates, descriptions, debits, credits, balances). No templates to build. No training data to label.
Set up your Excel output — extracted data exports directly to Excel, Google Sheets, QuickBooks, or CSV with one click.
Validate and refine — Lido includes a free 24-hour refinement window. Flag any field that wasn't extracted the way you want, and Lido adjusts at no additional cost. ACS Industries extracts 400+ documents weekly to Excel through Lido and went live without a dedicated implementation team.
Ready to start saving 20+ hours/week?
Join hundreds of finance and payables teams growing faster with Lido.
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