Trace the flow of funds in a single afternoon
Get independent verification of all extracted financial data
Manual clean up processes introduce an element of risk due to human error
Review and analyze 60% more, using the same staff
Larger projects often trigger the need for additional resources
Valid8’s VFI platform leverages AI and machine learning to automatically extract transactions from any statement or system. No more frustrations and delays: upload pdfs and get clean, reconciled data in hours.
More powerful than any OCR software on the market, Valid8 reads handwritten check images. If the human eye can read it, so can Valid8’s platform. No more dealing with returned checks and wasted time.
Payee, Payor, Amount, Date, Check Number, Memo, and MICR are all read from the check image and matched to the associated bank statement transaction. Normally, this could take up to 80% of your team’s engagement time.
Deposit slips are automatically associated with bank statement transactions as well as all line item details, because the checks that were deposited with the slip contain the critical information required to follow the money.
Using the latest advances in AI, the usage of funds is automatically categorized by description, amount, date, counterparty, location, and category+subcategory. This makes it easier to group and summarize financial activity. No more formatting, cross checking, or accidental oversights.
Transactions and transfers involving multiple currencies are automatically normalized to a base currency based on daily exchange rates.
Multiple visualization options enable evidence-based views connecting the source and usage of funds. No more tedious data entry in Excel followed by manually charting the flow.
Identify the size and frequency of transfers between all accounts and entities. Finding unmatched transfers can surface possible missing accounts.
Valid8’s platform highlights issues with data quality, ensuring numerical precision and alerting you to issues that require attention. All numbers are 100% accurate before you begin analysis.
See instantly if your data set is complete. Visual overview illustrates any gaps, including time periods for which evidence has not been uploaded.
Valid8 automatically alerts you to incorrect statement or transaction data so you won’t begin your analysis until the data is 100% accurate.
Instantly see whether any statement or transaction data has been repeated and exclude it from your analysis.
Valid8’s platform turns large data sets into a visual narrative, helping present evidence that is simple to explain to stakeholders.
Multiple visualization options enable evidence-based views connecting the source and usage of funds.
Customizable interactive ‘drag and drop’ functionality, combined with smart filtering, allow specific views to be created, in order to best fit the needs of each individual case or investigation.
Every single transaction includes a hyperlink to the statement evidence for easy review.