Cloudsquare has introduced IntelliParse, a new AI engine designed to automate borrower application intake and financial data analysis within its Origination Module. The tool aims to reduce manual document processing and speed up underwriting workflows for lenders.

To enhance its financial parsing capabilities, IntelliParse integrates directly with an AI-powered workflow automation. Heron’s platform uses advanced machine learning and large language models to automate document-heavy workflows.

“IntelliParse is built for funders who need speed, precision, and automation across the entire intake process—without breaking the bank,” Jeffrey Morgenstein, CEO of Cloudsquare, said. “Heron isn’t just a parsing tool; it’s one of the most trusted and continuously evolving AI/ML technologies in space. Heron has a deep understanding of the MCA industry and the key data points that funders need with over 130 funding customers, making them a powerful and reliable solution for funders who demand both accuracy and affordability.

IntelliParse Unlocks Major Efficiency Gains for Funders and Brokers:

AI-Powered Application Parsing
IntelliParse dramatically reduces intake time by automatically extracting key borrower information—including business name, requested amount, entity type, and contact details—from scanned PDFs and email attachments. Using advanced OCR and machine learning, it instantly syncs all data into the Cloudsquare platform. This enables teams to process more submissions in less time, eliminate costly manual errors, and accelerate approvals without increasing headcount.

Bank Statement Analysis
Integrated with Heron Data’s industry-leading transaction intelligence, IntelliParse transforms static bank statements into real-time financial insight. It analyzes cash flow patterns, flags NSFs, detects potential fraud and uncovers actual revenue — all without requiring manual effort. The system also identifies recurring payments—revealing hidden debts and financial obligations that enhance underwriting accuracy and reduce risk.

Unlike standalone solutions that require teams to build custom dashboards or workflows, IntelliParse comes ready to use within the Cloudsquare platform. A pre-built, intuitive dashboard gives customers immediate access to actionable insights—eliminating technical lift and accelerating time to value.

“We’re proud to support IntelliParse by bringing Heron’s real-time financial intelligence into Cloudsquare’s platform,” Johannes Jaeckle, CEO of Heron Data, said. “Our mission is to remove repetitive, manual work so teams can focus on smarter decisions—and this integration does exactly that.”