Evolution AI
AI data extraction from PDF financial statements
Ranked #3 in Intelligent document processing software for finance teams, and on 1 more ranking.
Evolution AI extracts data from financial statements using generative technology. It automates the process for balance sheets and cash flow reports.
At a glance
| Best for | Financial institutions |
From Evolution AI's own website.
Company facts
| Social profiles | LinkedIn, X |
Facilities and features
Its website also mentions:
- Published pricing
- Free trial
- Self-serve sign-up
- API
What stands out
The product learns from user corrections to improve accuracy over time.
“Users can correct any errors and the system will learn not to make the same mistake twice.”Evolution AI, own website
Evolution AI offers a managed service with guaranteed complete accuracy.
“Complete accuracy guaranteed Prices per page Self Service Price per page Pages processed per month”Evolution AI, own website
Worth knowing
The Financial Statements AI product does not work on documents other than financial statements.
“It works on all documents other than financial statements (you ll want our Financial Statements AI product for that).”Evolution AI, own website
How it ranks
Evolution AI is ranked 3rd of 10 in Intelligent document processing software for finance teams (Lister Score 92.0) and 5th of 10 in Best intelligent document processing software (Lister Score 92.0).
#3 in Intelligent document processing software for finance teams · Lister Score 92.0
Offers a managed service with guaranteed complete accuracy.
How the score is made up: fit to this ranking's criteria 40; evidence on its own site 20; how complete its published information is 16; buying information on its own site 16.
“The algorithm marks a significant breakthrough for IDP technology, which has historically required many document training examples to extract data from a new document type.”Evolution AI, own website
“FINANCIAL STATEMENTS AI Overview Solutions Commercial Finance Partner Platforms Private Equity Asset Management Insurance Brokers M&A Independent Financial Advisors (IFAs) TRANSCRIBE AI Overview Solutions Loan Underwriting Bank Statements Litigation Passports & Driving Licences Contracts Financial…”Evolution AI, own website
| Rank | Intelligent document processing software for finance teams | Score |
|---|---|---|
| 1 | Veryfi | 98.0 |
| 2 | Egnyte | 94.0 |
| 3 | Evolution AI | 92.0 |
| 4 | Liscio | 92.0 |
| 5 | ShareFile | 90.0 |
| 6 | Vic.ai | 88.0 |
| 7 | AppZen | 80.0 |
| 8 | EzeScan | 80.0 |
| 9 | Klippa | 80.0 |
| 10 | Indico Data | 74.0 |
#5 in Best intelligent document processing software · Lister Score 92.0
Learns from user corrections to improve accuracy over time.
How the score is made up: fit to this ranking's criteria 40; evidence on its own site 20; how complete its published information is 16; buying information on its own site 16.
“The algorithm marks a significant breakthrough for IDP technology, which has historically required many document training examples to extract data from a new document type.”Evolution AI, own website
| Rank | Best intelligent document processing software | Score |
|---|---|---|
| 1 | Veryfi | 98.0 |
| 2 | Docparser | 96.0 |
| 3 | Ephesoft | 96.0 |
| 4 | Ademero Document Management Software | 94.0 |
| 5 | Evolution AI | 92.0 |
| 6 | Google Cloud Document AI | 92.0 |
| 7 | Tabscanner | 92.0 |
| 8 | UiPath Document Understanding | 92.0 |
| 9 | Microsoft Azure Form Recognizer | 90.0 |
| 10 | Rossum | 90.0 |
Frequently asked questions
How does Evolution AI rank on Lister?
Evolution AI is ranked 3rd of 10 in Intelligent document processing software for finance teams (Lister Score 92.0) and 5th of 10 in Best intelligent document processing software (Lister Score 92.0).