CPA firms need to automate bank statement collection but are stuck manually calling clients for MFA codes each month.

Existing solutions like Plaid and bank feeds often cannot bypass MFA, and tools like Hubdoc/Dext still require clients to upload statements, meaning the firm must call clients for codes or wait for client action, leading to inefficiency and delays.

Severity

3Medium

Willingness to Pay

implied

Added

Jun 13, 2026

Workarounds Described

calling clients for MFA/2FA codes to download statements

Implied Software Gaps

Software that can automatically handle MFA challenges and retrieve bank statements without manual client intervention

App Concept

AutoStat Collect

AutoStat Collect is a secure, MFA-aware document aggregation platform for CPA firms. It automates the retrieval of bank statements by integrating with banks' APIs and securely handling MFA challenges through a delegated credential system, eliminating the need to call clients for codes.

Key Features

Automated MFA handling via time-limited delegated tokens
Direct bank API integration (Plaid, Yodlee, and more)
Scheduled monthly statement pulls with audit trail
Client portal for consent and credential management

Target Users: CPA firms and bookkeeping practices (2-50 staff) managing multiple client bank accounts

Revenue Model: Per-firm SaaS subscription based on number of client connections (e.g., $199/month for up to 50 connections, then $2 per additional connection)

Existing Solutions Mentioned

PlaidHubdocDextbank feedsclient portals

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