Quick Extract vs StatementFlow: Which is Better in 2026?
A comprehensive comparison of Quick Extract and StatementFlow covering features, pricing, use cases, and which tool is the right choice for your needs.
⚡ Quick Verdict
Choose Quick Extract if:
- →You want more affordable paid plans (from $0.05/mo)
- →You need one sample document builds the extraction schema — no rules to configure or ocr plus multimodal llm extraction
Choose StatementFlow if:
- →You want a free tier to get started without commitment
- →You need vision ai that reads scans, faxes and phone photos or excel, csv, qbo and ofx export
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Quick Extract vs StatementFlow: At a Glance
Pricing Comparison: Quick Extract vs StatementFlow
Understanding the pricing differences between Quick Extract and StatementFlow is crucial for making the right choice. Here's how their plans compare side by side.
Quick Extract Pricing
StatementFlow Pricing
💡 Pricing takeaway: StatementFlow has an edge with a free tier, letting you start without commitment. Compare the specific plans to find the best value for your use case.
Feature-by-Feature Comparison
Here's how every feature from Quick Extract and StatementFlow stacks up.
What Makes Each Tool Unique
🔵 Unique to Quick Extract
Features available in Quick Extract but not in StatementFlow:
- ✓One sample document builds the extraction schema — no rules to configure
- ✓OCR plus multimodal LLM extraction
- ✓All hosting, database, AI processing and monitoring in Germany
- ✓Ephemeral processing — documents never written to disk
- ✓REST API, Gmail attachment integration and Excel export
- ✓Flat $0.05 per page with no subscription
🟣 Unique to StatementFlow
Features available in StatementFlow but not in Quick Extract:
- ✓Vision AI that reads scans, faxes and phone photos
- ✓Excel, CSV, QBO and OFX export
- ✓Automatic transaction categorisation
- ✓Balance reconciliation check
- ✓Any bank worldwide, including non-US formats
- ✓Files processed in memory and deleted immediately
Use Case Recommendations
Best for: Quick Extract
Quick Extract does document data extraction with two things that distinguish it from a crowded field: zero configuration, and an EU-only data path stated in enough detail to actually audit. On the first, the setup is one sample document. Upload a single example, and the system analyses it with OCR plus a multimodal LLM to derive the extraction schema itself, identifying the fields and their types without anyone writing extraction rules. From there you process thousands through the API or the web interface. On the second, the vendor is unusually specific rather than waving at GDPR: web hosting in German data centres, a self-hosted database in Germany, AI processing on enterprise services with German data residency, self-hosted monitoring in Germany, ISO 27001 certification in progress, a DPA available, and no data used for third-party model training. Document handling is ephemeral by design — files are processed in memory, never written to disk, deleted immediately after extraction, with only the extracted metadata persisted for review. For anyone processing contracts, invoices or personnel documents under European data protection obligations, that specificity is the product. Supported inputs include invoices, contracts, receipts, forms, purchase orders, resumes, rental agreements and energy certificates, as PDFs, images or scans, across multiple languages. There is a REST API, Gmail integration for email attachments and Excel export. Quick Extract is built by Helm & Nagel GmbH, the team behind the enterprise document platform Konfuzio.
Ideal use cases:
- •Teams or individuals who need one sample document builds the extraction schema — no rules to configure
- •Teams or individuals who need ocr plus multimodal llm extraction
- •Teams or individuals who need all hosting, database, ai processing and monitoring in germany
- •Teams or individuals who need ephemeral processing — documents never written to disk
- •Anyone focused on document-extraction workflows
- •Anyone focused on ocr workflows
Best for: StatementFlow
StatementFlow converts bank statements into clean Excel, CSV, QBO or OFX data using vision AI, and its distinguishing capability is that it reads inputs template-based converters reject — scanned pages, faxes and phone photographs, not just born-digital PDFs. It works with statements from any bank worldwide, listing Chase, Bank of America, Wells Fargo, Citibank, Capital One and TD alongside Barclays, HSBC, Lloyds, NatWest, Monzo, Revolut, ING, Santander, Deutsche Bank, BNP Paribas and the Polish banks PKO, mBank, Pekao and Alior. Extracted transactions come out categorised with a balance reconciliation check, and the editor supports keyboard shortcuts for undo, search and Excel export. The company builds its positioning explicitly around the complaints that dominate this category's reviews: where competitors charge the moment you forget to cancel a trial, StatementFlow's free plan takes no card at all; where unused credits expire at month end, its free pages simply wait. Files are encrypted in transit, processed in memory and deleted immediately rather than stored. The free tier handles 10 pages a month with Excel and CSV export and balance reconciliation included; QBO and OFX export, cell editing before export and priority processing arrive on Pro, and API access, team seats and batch processing are listed as coming to Business.
Ideal use cases:
- •Teams or individuals who need vision ai that reads scans, faxes and phone photos
- •Teams or individuals who need excel, csv, qbo and ofx export
- •Teams or individuals who need automatic transaction categorisation
- •Teams or individuals who need balance reconciliation check
- •Anyone focused on ocr workflows
- •Anyone focused on finance workflows
🗃️ Other Data Extraction Tools to Consider
Quick Extract and StatementFlow aren't the only options. Here are other popular tools in the same space:
Browse AI
No-code web scraping and monitoring tool.
Maxun
Open-source no-code platform to crawl, scrape, search, and AI-extract web data, with MCP, SDKs, and a visual recorder
Smooth
Serverless browser agent API scoring 92% on WebVoyager — proxies, sessions, and CAPTCHA solving handled
Siftly
Drop invoices or receipts in, get clean CSV, Excel, or Google Sheets data out, from $3.99/month
SocialKit
One API for YouTube, TikTok, Instagram, Facebook, X, and LinkedIn data — transcripts, stats, and profiles
AnyAPI
One key, one wallet, pay-per-request access to 1,200+ web data sources
Is one of these your tool?
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Frequently Asked Questions
Is Quick Extract better than StatementFlow?
It depends on your needs. Quick Extract offers 6 key features including One sample document builds the extraction schema — no rules to configure and OCR plus multimodal LLM extraction, while StatementFlow provides 6 features including Vision AI that reads scans, faxes and phone photos and Excel, CSV, QBO and OFX export. Quick Extract uses a paid model, while StatementFlow is freemium with free access available. Choose based on which features and pricing model align with your requirements.
Is Quick Extract cheaper than StatementFlow?
Quick Extract is cheaper, starting at $0.05/month compared to StatementFlow's $19/month. StatementFlow offers a free tier, making it easier to get started. Always check the official websites for the most current pricing.
Can I use Quick Extract and StatementFlow together?
Yes, many users combine Quick Extract and StatementFlow in their workflow. Quick Extract excels at one sample document builds the extraction schema — no rules to configure, while StatementFlow shines with vision ai that reads scans, faxes and phone photos. Using both allows you to leverage the strengths of each tool, though this means managing two subscriptions — though free tiers can help manage costs.
What's the main difference between Quick Extract and StatementFlow?
While both are data extraction tools, Quick Extract emphasizes one sample document builds the extraction schema — no rules to configure, whereas StatementFlow is known for vision ai that reads scans, faxes and phone photos. The best choice depends on your specific workflow and feature priorities.
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