The categorization process usually takes from a few seconds up to a couple of minutes.

Whenever you upload a PDF document on the platform, our technology parses the text and metadata of this document. This information is used to classify the document from a list of documents October Connect is able to recognize. Our model is trained on 40 documents from 5 countries, including:

Doc X-Ray then groups the uploaded documents depending on their type on the Documents tab.

⚠️ If the document is not a True PDF, Doc X-Ray might not be able to categorize the document.

For financial statements and bank statements, our technology also looks for the start and end dates to assign a period to the document. This is necessary as the document date is used to generate Financial X-Ray and Bank X-Ray reports.

For bank statements, Doc X-Ray can recognize 4 types of period:

It will then assign the right period and the corresponding date found on the document.

We have recently launched a new feature (alpha version) to extract the bank details (IBAN and BIC) from bank statements.

If Doc X-Ray fails to capture the type or period of a document or categorizes it wrongly, you can always recategorize it manually. To do that, you just have to:

If the IBAN was not extracted correctly or is missing, you can also add it by clicking on the “Edit” button of the bank data extraction and introduce the IBAN displayed on the document.