Looking for a Hubdoc Alternative to Auto-Fetch Bank Statements?

If you’re an accountant or bookkeeper, chances are you relied on Hubdoc's Auto-Fetch feature to simplify your source document collection. This tool allowed users to automatically retrieve bank statements, credit card statements, invoices, bills, and other essential source documents directly from institutions. However, since Xero acquired Hubdoc, most Auto-Fetch bank statement connections were gradually discontinued, culminating in the complete shutdown of the feature in 2022.

For those who depended on capturing bank statements through Hubdoc, this change created significant challenges. Luckily, there’s an alternative that does more and offers unparalleled connectivity. Introducing DocGenie, the smarter, more efficient solution for automating your document retrieval process.

Why Did Hubdoc Shut Down Auto-Fetch?

Hubdoc’s Auto-Fetch was an invaluable feature for accountants and bookkeepers, streamlining workflows and eliminating countless hours spent manually retrieving client documents. However, following Xero’s acquisition of Hubdoc, priorities at the company shifted.

• Connection Issues: Many banks tightened security protocols, making it difficult for Auto-Fetch to maintain reliable connections with certain institutions.
• Strategic Direction: After acquiring Hubdoc, Xero shifted focus towards integrating Hubdoc's document storage and processing capabilities with its own accounting software, rather than maintaining Auto-Fetch functionality.
• Complete Shutdown: By 2022, Hubdoc's Auto-Fetch feature was entirely discontinued, leaving users searching for an alternative.

The result? Accountants, bookkeepers, and business owners had to revisit manual methods of fetching source documents—an inefficient and frustrating step backward.

Enter DocGenie: The Ultimate Hubdoc Alternative

If you’re tired of chasing clients for missing bank statements or two factor codes for their bank login, DocGenie is here to make your workflow hassle-free again. It’s a cutting-edge, user-friendly tool designed specifically for bank statement retrieval and document management. Here’s why DocGenie is the solution you’ve been waiting for.

1. Unmatched Connectivity

With DocGenie, you’ll gain access to over 4,000 financial institutions, including banks, credit unions, brokerages, insurance companies, and utility providers. Whether you need bank statements, credit card statements, or other essential documents, DocGenie ensures you can automate retrieval from nearly any source.

2. Automate Retrieval of Source Documents

Instead of manually logging into multiple accounts or relying on outdated systems, DocGenie fetches your clients’ documents automatically. From bank statements to utility bills, everything is securely retrieved and stored through encrypted connections, saving you valuable time and effort.

3. Efficient and User-Friendly

DocGenie isn’t just powerful—it’s designed with you in mind. Its intuitive interface means you don’t need to be tech-savvy to use it effectively. By reducing complexity, DocGenie helps you focus on what matters most—helping your clients manage their finances.

4. Reliable

Unlike Hubdoc’s Auto-Fetch, which struggled with unreliable connections and ongoing security issues, DocGenie was built for today’s stringent compliance and data security standards. You’ll experience a seamless, error-free process every time.

5. Secure Document Management

DocGenie prioritizes data security and privacy. With bank-level encryption ensuring safe transfers and storage, you can rest easy knowing client documents are protected from unauthorized access.

Benefits of Using DocGenie for Bank Statement Capture

Accountants and bookkeepers are essential partners for small businesses, and DocGenie allows you to focus on offering value to your clients without getting bogged down in menial tasks. Here’s how DocGenie transforms your workflow into a competitive advantage.

• Save Time: Automate manual processes so you can dedicate more energy to advising clients and growing your practice.
• Reduce Errors: Eliminate human error and the chance of missing or incorrect documentation by centralizing all documents in one secure platform.
• Boost Client Satisfaction: Provide more valuable services while offering peace of mind that their financial information is in secure hands.
• Simplify Compliance: Easily maintain a trail of supporting documents for audits or compliance reporting.

How DocGenie Works

Switching to DocGenie is straightforward and stress-free. Here’s how the process works.

1. Link Your Institutions

Connect client accounts to DocGenie securely, with full client consent and bank-grade encryption.

2. Automate Retrieval

DocGenie automatically fetches client source documents, including bank statements, credit card statements, bills, invoices, receipts, and more.

3. Organized Storage

Easily access all retrieved documents in your preferred cloud storage platform, automatically organized for seamless efficiency. Say goodbye to wasting time searching for client bank statements—everything you need is right at your fingertips.

4. Focus on Value

With less time spent on collecting documents, you’ll have more time to deliver valuable insights to your clients and maintain strong relationships.

Why Choose DocGenie Over Other Alternatives?

While there may be other solutions available, DocGenie is designed specifically with accountants and bookkeepers in mind. Here’s what sets DocGenie apart.

• Extensive Coverage: Access nearly 4,000 institutions, more than any other alternative.
• Dedicated Support: Our customer success team is always on hand to assist you, ensuring you get the most out of DocGenie.
• Customizable Plans: We offer flexible subscription options to suit practices of all sizes, whether you’re a solo bookkeeper or part of an accounting firm.
• Time Savings: DocGenie is the go to alternative for Hubdoc's Auto Fetch, which is no longer available.

Say Goodbye to Manual Document Retrieval

The discontinuation of Hubdoc's Auto-Fetch feature doesn’t have to slow you down. With DocGenie, you can simplify your downloading of PDF bank statements and get back to what you do best—empowering your clients to achieve financial excellence.

Curious about what DocGenie can do for you? Take the first step towards streamlined efficiency by signing up for free today.