GST/ITR

DIGITAL LENDING APIs

Lend instantly without credit risk.

Automate GST-ITR financial verification and credit appraisal for real-time loan approvals.

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Manual credit assessment is time-consuming & error-prone

Poor Lending Experience: Banks and NBFCs take days to decide on business loan applications, due to time consuming manual financial verification
Poor Credit Appraisals: Manual appraisals for existing customers is time taking & error prone, which leads to lapses in credit risk assessment.

How it Works

Our Solutions

Income Tax Return API

Pull P&L, balance sheet and income computation from income tax Portal

Connect to income tax Portal to download ITR returns and get p&L, Balance Sheet and Income Computation into a format needed for your credit model.

GST Return API

Pull GST Return from GST Portal

Connect to GST Portal to pull GST Return and summarize into a format needed for underwriting and for KYC-AML. Correlate GST Data with other financial data to identify suspicious transactions.

Frequently Asked Questions

How much time does it take to pull the information and generate the report?

Vaultedge Document AI streamlines the processing of invoices and payment instructions by leveraging generative AI & LLM. This eliminates manual reviews, automates validation, and ensures faster payment processing, leading to reduced operational costs and improved customer satisfaction.

Can output be provided in json format?

Absolutely. Vaultedge is designed to integrate seamlessly through APIs, allowing banks to incorporate it into any existing workflow. This ensures a smooth and efficient process without disrupting current operations.

Do you have OTP based authentication?

Vaultedge operates securely within organizations' firewalls and is compliant with AICPA SOC standards. It prioritizes data protection and compliance, ensuring that all processed data remains confidential and secure. Additionally, Vaultedge's generative AI operates without retaining specific data, further enhancing data security.

Is there a pre-requisite on end customer side to enable OTP based authentication?

Vaultedge employs advanced LLM models and generative AI to comprehend, extract, and validate pivotal data from invoices and payment instructions. This ensures accurate interpretation, validation, and routing of payments, setting it apart from traditional manual methods and basic automation tools.

Will end customer be educated during the journey to enabling OTP based authentication?

Vaultedge's AI-driven platform is adept at processing diverse and non-standard payment instructions. It validates and processes each instruction meticulously, ensuring accurate routing and depositing, even for complex and varied documents.

For how long do you hold the end customer during the ITR/GST information puling?

Yes, Vaultedge is designed to scale efficiently. It can handle large volumes of documents and learns and improves progressively with every interaction. This ensures consistent performance, even with increased volumes, and allows banks to grow their lockbox services without scaling costs proportionally.

What security measures are in place to safeguard the confidentiality of the pulled information during the report generation process?

Vaultedge's generative AI, combined with LLM, offers a human-like understanding of documents. It goes beyond basic pattern recognition, understanding context, and nuances in documents. This ensures higher accuracy and reliability compared to traditional AI solutions.

Is there an option for users to customize the report output format based on their specific requirements?

Can the system handle bulk requests for information pulling and report generation simultaneously?

Are there any restrictions on the frequency of information pulling for a single user or entity within a specific time frame?

What measures are in place to ensure data accuracy and completeness during the information pulling process?

What types of documents or file formats supported for pulling ITR and GST information?

How does the system handle errors or discrepancies in the pulled information, and is there a mechanism for users to rectify such issues?

What level of technical support and assistance is provided to users during the integration and implementation of the information pulling process?

Is there a re-try mechanism after system fails to pull GST/ITR information?

" We used Vaultedge to automate the indexing of loan documents that we receive from all our lender partners, amounting to more than a million documents every month. This enabled us to move 70% of people from Document Recognition to other processes."

Michael Kittyle

CIO, BSI Financial Services

Read the Casestudy