Personal Earnings Statement

Verified by ABBYY

The Vantage Personal Earnings Statement document skill is an AI model trained to extract relevant data from paystubs - documents that contain information about an employee’s salary and other compensation. Payslips contain information about the employee and the employing organization, the amount of salary paid for the reporting period, and the total year-to-date earnings. It also shows the taxes and other deductions from an employee’s paycheck.

The Personal Earnings Statement skill has been fully trained on a large document set and provides high accuracy of data identification and extraction. It can be further used for proof of income processes within customer onboarding and Know Your Customer processes.

This skill can be combined with other document skills by ABBYY such as the ID skill, the Bank Statement skill, the Utility Bill skill, the IRS Forms 1040 and W2 document skills for completing the proof of identity, proof of income and proof of residency requirements within customer onboarding.

Benefits
  • Vantage document skills are extraction models, based on ABBYY's purpose-built AI, designed and trained to extract key data from business documents.
  • The model automatically detects key fields on payslips and extracts relevant data such as employee name, SSN, employer name, reporting period, current period and YTD gross pay, deductions, taxes etc. For a full list of extracted fields, please see the skill documentation.
  • Business rules for data validation can be added as required.
  • Can be augmented by human-in-the-loop review and verification based on accuracy thresholds, missing or incorrect information.
  • The skill is ready to be used in production and does not require further training on your specific documents, however the model can be further improved through continuous learning, based on feedback during the manual review phase.
Processes with this connector
Transfer data to other systems
Related skills
ABBYY logo
Contributor:
ABBYY
Published:
2 April 2024
Last updated:
2 October 2024
Purchase terms
Paid
Specifications
English
United States
Production