Underwrite an SMB in one minute with three bank statements
Calculate 120+ spreads in under a minute with just three months of bank statements or a Plaid connection. Stop spreading manually and improve time-per-file from ~15 minutes to 1 minute with Heron Data.
Hey Hunters!
Business credit decisions are often manual and time consuming - just getting the data into a format that a Credit Manager can make a call on sometimes takes hours. Our goal at Heron Data is to make SMB credit quick, fair, and easy.
PDF Bank Statements are the universal standard for underwriting an SMB but are the bane of many business lenders' Chief Risk Officer. Our latest launch has helped B2B lenders to cut the bank statement review step from 15+ minutes to <1 minute.
Rather than manually reviewing bank statements, you can now use Heron to parse statements in 1 second and recreate a set of standardised Reports either in our dashboard or via API without your team having to manually tag transactions - check out some images in the gallery! You can use our Overview page to customise a report with the metrics most relevant for your underwriting process.
How does this help me?
- Reduce company processing time - get answers to your customers faster (improve conversion) and reduced costs by getting more out of each underwriter.
- Standardise the approval process: underwriters might label transactions differently or miss red flags if they are inexperienced. Heron helps you make sure everyone is working with the same data.
- Benchmark your applicants on metrics like profitability, probability of bounced payments, and cashflow quality.
You can test Heron with any business bank data format. Send us bank statements or stream your Plaid data, and we’ll parse the transactions, categorize them and summarise them in exactly the same way.
If you’re interested in giving us a whirl reach out to [[email protected]](mailto:[email protected]) for a free trial.
About Heron Data: Company Reports on Product Hunt
“Underwrite an SMB in one minute with three bank statements”
Heron Data: Company Reports launched on Product Hunt on July 27th, 2023 and earned 122 upvotes and 10 comments, placing #28 on the daily leaderboard. Calculate 120+ spreads in under a minute with just three months of bank statements or a Plaid connection. Stop spreading manually and improve time-per-file from ~15 minutes to 1 minute with Heron Data.
On the analytics side, Heron Data: Company Reports competes within Fintech, SaaS and Artificial Intelligence — topics that collectively have 555.2k followers on Product Hunt. The dashboard above tracks how Heron Data: Company Reports performed against the three products that launched closest to it on the same day.
Who hunted Heron Data: Company Reports?
Heron Data: Company Reports was hunted by Jamie Parker. A “hunter” on Product Hunt is the community member who submits a product to the platform — uploading the images, the link, and tagging the makers behind it. Hunters typically write the first comment explaining why a product is worth attention, and their followers are notified the moment they post. Around 79% of featured launches on Product Hunt are self-hunted by their makers, but a well-known hunter still acts as a signal of quality to the rest of the community. See the full all-time top hunters leaderboard to discover who is shaping the Product Hunt ecosystem.
For a complete overview of Heron Data: Company Reports including community comment highlights and product details, visit the product overview.
Jamie Parker