Bank statements extraction status is displayed on the Analysis Details section of the Bank X-Ray report.
There are 3 data extraction status: “analysed”, “in progress” and “failed”. Analysed bank statements are used to generate the Bank X-Ray report.
Data sanity provides extra information on the quality of the extracted data. A data sanity below 70% will trigger a white flag on Bank X-Ray.
If you decide to collect banking information through PDF bank statements, you will need to check the data extraction status and the data sanity to understand your Bank X-Ray report.
Data extraction statuses
From the Analysis Details section on the Bank X-Ray tab, you will find the total number of documents uploaded and their extraction status:
If a bank statement is currently being analysed by October’s OCR or using the alternative extraction method, the bank statement will be labelled as “in progress”. Learn more about how we generate a bank statement.
Every time the banking data can be extracted from a bank statement, its status is updated to “analysed” and a new Bank X-Ray is generated.
If the information on the bank statement cannot be extracted, the bank statement is updated to “failed” but that will not trigger a new Bank X-Ray report.
To get more details about the data extraction of each bank statement, you can click on view more details. You will find the list of bank statements with their latest status and grouped by bank account.
Data extraction can take a few minutes up to 48h depending on the extraction method used to get the banking information. Read more here.
Data sanity
Data sanity corresponds to the percentage of transactions we managed to extract from the bank statements. It’s an indicator of the quality of the report.
The data sanity percentage combines the extraction of each individual bank statement to give a global indication. A low data sanity is related to the fact that we are not able to extract 100% information from all of the bank statements.
How is that possible? This can be explain by the accumulation of minor errors from multiple statements or by one significant error on a single statement affecting the data sanity score. Even if we cannot extract all the information, it’s still possible to be accurate at giving a Bank X-Ray report. A verification formula on the credit and debit balances is always applied to control the final quality of the Bank X-Ray generated.
If data sanity is inferior to 70%, we consider we don’t have enough material to give a letter-rating to the Bank X-Ray report and a white flag will be displayed instead.