Saving up to 333 hours per month by automating interim statements at Bank Van Breda


Bank Van Breda is a Belgian bank specialised in servicing entrepreneurs and liberal professions, both in their private and professional challenges.

They chose Duco to help them automate data extraction and entry from non-standard interim statements, saving them potentially 333 hours of manual work per month.

Processing interim statements is a key part of the role of credit analysts. Unlike annual reporting, interim statements aren’t standardised. The information in these documents needs to be entered manually into Bank Van Breda’s systems. It’s a time-consuming and error-prone task.

“Depending on how it’s formatted, the pre-processing of the documents can already take up to 30 minutes per interim report. This means just analysing the structure of the documents and in certain cases we even have to calculate balances ourselves. If you know each credit analyst processes up to 5 cases per day, this means 2.5 hours per day of pre-processing documents.”

The bank wanted to make the processing of interim statements more efficient, as this saves a lot of their credit analysts’ valuable time. They are able to focus more on analysing cases, in particular the most complex ones, instead of manually checking and entering data.

The bank uses Duco’s adaptive Intelligent Document Processing (IDP) to automatically extract a multitude of vital information from non-standardised interim statements (usually a combination of interim balance sheet and interim profit-and-loss sheet), such as:

  • Stock
  • Inventory
  • Accounts receivables
  • Bank account
  • Working capital
  • Long-term debt
  • Short-term debt

Our adaptive Intelligent Document Processing extracts up to 76 different pieces of information from each document. It only took 290 training documents for the model to reach an accuracy of 87%.