Heron Data

Are you a small business lender looking to streamline your underwriting process and make more informed lending decisions? Look no further than Heron Data, an AI-powered tool that leverages bank transaction data to provide valuable insights and analysis for small business lending.

With Heron Data, you can extract key details from transaction data, seamlessly upload PDF bank statements, enrich transactions with relevant information, and develop a complete picture of a company’s financial performance. Let’s explore some of the features that make Heron Data a game-changer in the lending industry.

Features of Heron Data:

Data Extraction:

Heron Data excels at extracting key details from transaction data, including descriptions, amounts, timestamps, and other relevant information needed to make informed lending decisions. By automating this process, Heron Data saves lenders valuable time and effort, allowing them to focus on analyzing the data and assessing creditworthiness.

Seamless Data Uploads:

With Heron Data, lenders can easily parse PDF bank statements with impressive accuracy or link directly to their customers’ bank accounts using open banking aggregators. This seamless data upload process ensures that lenders have access to the most up-to-date and accurate transaction data, eliminating delays and improving underwriting speed.

Transaction Enrichment:

Heron Data goes beyond basic data extraction by enriching transactions with relevant information. The tool annotates transactions with merchant logos, providing visual cues for lenders, and categorizes each transaction with a P&L line item category.

This enrichment process enhances the understanding of a company’s financial performance and aids in making more accurate lending decisions.

Financial Analysis:

By leveraging transaction data, Heron Data enables lenders to develop a complete picture of a company’s financial performance. Lenders can assess a company’s debt position, profitability, and affordability, gaining valuable insights that contribute to more informed lending decisions.

With Heron Data, lenders can confidently assess risk and tailor loan terms to meet the unique needs of each borrower.

These features empower lenders to analyze more lending opportunities faster and with greater confidence. Lenders can zoom in on the companies within their portfolio, filter out rejections, and clearly monitor the performance of their loans over time.

Now, let’s explore the pricing models and plans offered by Heron Data.

Heron Data Pricing Models and Plans:

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Frequently Asked Questions:

Q: How does Heron Data ensure the security of customer data?

A: Heron Data takes data security seriously and follows strict protocols to protect customer data. The tool is SOC 2 Type 2 certified, and all data is encrypted in-transit and at-rest.

Additionally, Heron Data provides guaranteed uptime and performance-based SLAs, ensuring the reliability and security of customer data.

Q: Can Heron Data integrate with other banking platforms or APIs?

A: Yes, Heron Data offers a developer-friendly API that allows for seamless integration with other banking platforms and APIs.

Lenders can connect their customers’ accounts directly to Heron Data, ensuring a continuous live stream of transaction data for analysis and underwriting purposes.

Q: How does Heron Data help lenders make more informed lending decisions?

A: Heron Data enables lenders to make more informed lending decisions by providing valuable insights into a company’s financial performance. By analyzing transaction data and extracting key details, Heron Data helps lenders assess a company’s debt position, profitability, and affordability, allowing for tailored loan terms and improved risk assessment.

Conclusion:

Heron Data is a powerful tool for small business lenders looking to streamline their underwriting process and make more informed lending decisions. By leveraging bank transaction data, Heron Data provides valuable insights into a company’s financial performance, enhances data extraction and analysis, and improves underwriting speed.

With Heron Data, lenders can confidently assess risk, tailor loan terms, and make lending decisions with greater confidence. Streamline your underwriting process with Heron Data and unlock the power of bank transaction data.