CPA Advisor’s “Technology Lab" podcast calls Valid8's Verified Financial Intelligence “one of the best follow-the-money tools out there."
The deeply experienced technologists at CPA Advisor’s “Technology Lab" podcast — Randy Johnston and Brian Tankersley, CPA, CITP, CGMA — evaluated the recently launched Verified Financial Intelligence (VFI) platform from Valid8, dubbing it “one of the best follow-the-money tools out there” and the class of accounting technology that will help “create the next generation of audit.”
“We see very few tools that have this level of sophistication and capabilities.”
- Randy Johnston and Brian Tankersley, CPA, CITP, CGMA
The two experts discussed the platform and its timeliness and use cases for listeners. Their discussion highlighted use cases for government; business, including M&A; high net-worth divorce; and others.
The hosts cite VFI as a “very sophisticated tool for ingesting, organizing and comparing the external information from banks, brokerages, credit card companies and the like, without spending hundreds of mind-numbing hours” and adding, “and it does it in a cloud-based platform.”
They also discuss how the platform eliminates sample risk.
In addition to paving the way for the next generation of audits, Johnston and Tankersley envision and touch on how Valid8 can help firms moving further into advisory services.
According to the hosts, advisory will drive many firms into a place where they need to be able to tell people how confident they can be with respect to financial records, oftentimes without an audit already in place, and VFI provides a path to that.
The team closes by highlighting the power of the VFI platform’s visualizations, including Sankey diagrams, calling it a “revolutionary product.”
"This is the tool that can be the game changer,” say the hosts. “You don’t have to have 500 staff running around; you can let the tech do the work for you.”