Cloudsquare Launches IntelliParse to Automate Application Intake and Financial Analysis—powered by Heron

Los Angeles, CA – April 9, 2025 – Cloudsquare, a leading provider of cloud-based lending platforms, today announced the launch of IntelliParse, a proprietary AI engine built to eliminate manual document processing and accelerate deal flow. Now integrated into Cloudsquare’s Origination Module, IntelliParse streamlines borrower intake, automates data extraction, and delivers real-time financial analysis—making underwriting faster, intelligent, and more scalable.

To enhance its financial parsing capabilities, IntelliParse integrates directly with Heron Data, a pioneer in AI-powered workflow automation. Heron’s platform uses advanced machine learning and large language models to automate document-heavy workflows—transforming how businesses extract, enrich, and sync financial data at a scale.

“IntelliParse is built for funders who need speed, precision, and automation across the entire intake process—without breaking the bank,” said Jeffrey Morgenstein, CEO of Cloudsquare. “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,” said Johannes Jaeckle, CEO of Heron Data. “Our mission is to remove repetitive, manual work so teams can focus on smarter decisions—and this integration does exactly that.”

For more information or to schedule a demo, visit our website.

Media Contact – Cloudsquare
Cloudsquare Marketing Email: marketing@cloudsquare.io
https://cloudsquare.io/

Media Contact – Heron Data
Byron Henry
Product Owner – SMB Lending
byron@herondata.io
www.herondata.io