Statement Extraction Assessment Checklist for Finance Teams
A MOFU-style template that walks finance operators through the EEAT criteria they should score before moving statement extraction into production.
Once you have a short list of extraction tools, the next step is to score them objectively. This checklist centers on EEAT signals your finance team can verify alongside the technical accuracy statistics.
Checklist structure
- Confirm there is documented experience: how many statements have they processed, what statement layouts, and what industries?
- Evaluate expertise by reviewing how they handle common edge cases—OCR accuracy, multi-page totals, and negative balances.
- Measure authoritativeness via published workflows, case studies, or testimonials tied to actual conversion outcomes.
- Assess trust through transparency about data retention, review checkpoints, and who has access to the exports.
Score each tool across these categories
Sample scoring sheet for statement extraction vendors.
| Category | What to look for | Score (1-5) |
|---|---|---|
| Experience | Proof of handling statements like yours (bank, ERP, industry). | ___ |
| Expertise | Detailed explanations of parsing rules, validations, and edge cases. | ___ |
| Authoritativeness | Case studies, audits, or third-party references. | ___ |
| Trust | Security controls, retention policies, and accessibility of exports. | ___ |
A finance team in our experience found the scoring more useful than a feature comparison because it forced vendors to show what they actually do instead of what they say. The checklist keeps the conversation practical and grounded in operations.
Questions to ask while scoring
- How many statements has your team converted in the last quarter?
- Do you publish process docs or internal QA checks for reviewers?
- Can you demonstrate how the exported file preserves dates, descriptions, and signs?
- What workflow documents are available so our team can replicate the same checks?
Observation from the field
When a vendor could point to their own EEAT checklist, it signaled they were thinking like finance operators—not just marketing teams.
FAQ
Why not just compare feature lists?
Feature lists rarely mention the review, QA, and trust steps that matter most. An EEAT checklist keeps the focus on what you actually do with the export.
How do we keep the checklist unbiased?
Score vendors anonymously, share the results with your controller, and revisit the checklist periodically to ensure it still reflects your needs.