Accounting
Increase Firm Capacity and Accelerate Outcomes
Traditional methods of following the money require weeks (or even months) of tedious manual data entry before you get to analysis. With Valid8, you can rapidly extract, verify, analyze, and visualize transaction data from accounting data, bank statements, checks, and deposit slips, resulting in Verified Financial Intelligence (VFI).
Valid8’s VFI platform helps you minimize risk and reach reliable conclusions faster, enabling an increase in capacity without increasing resources in your firm’s practice areas, including:
Follow the money, wherever it goes
Determine economic value
Prepare evidence for testimony
See the whole financial picture
See health, performance, and risks
Prove all income sources
Eliminate sample risk
Support equitable settlements
Common Challenges
Preparing Financial Evidence
Using manual procedures like bank and invoice confirmations or traditional OCR software to extract bank statements can take weeks or months of labor-intensive efforts before you get to the analysis. Instead of focusing on developing professional opinions and strategy, you spend most of your time preparing financial evidence.
Minimizing Risk
Limiting confirmation and verification procedures to only a sample of accounting transactions injects risk and latency into the engagement. Not only does it take longer to establish confidence for relying on client data, you may also miss critical issues and expose your firm to unnecessary risk.
Recruiting Top Talent
Recent graduates are digital natives, typically well versed in using AI and other technologies to maximize efficiency. Asking them to spend the bulk of their time managing legacy procedures like confirmations and manual data entry can feel like a waste of their advanced degrees.
Use Valid8’s VFI Platform to Increase Capacity, Not Costs
Eliminate Labor-Intensive Processes
No more tedious data entry and combing through spreadsheets to spot trends. Upload client accounting data, bank statements, check images, and deposit slips to Valid8 and achieve full population verification within hours. Inconsistencies, missing data, and undisclosed accounts are instantly flagged. Sources and uses of funds are instantly categorized.
Minimize Risk
Whether working on a financial investigation or an audit, the ability to avoid manual data entry and to quickly verify 100% of transactions minimizes risk. The automatic flagging of inconsistent or missing data, including undisclosed accounts, helps ensure that nothing is overlooked.
Attract Quality Talent
Valid8’s platform demonstrates a firm’s commitment to innovation and helps elevate talent out of low level manual tasks and into more highly valued analysis and strategy. This serves as a key differentiator in recruitment and retention.
Resources for Accountants
FAQ
How does Valid8 help accounting firms reduce manual data entry?
Valid8 allows teams to spend their time analyzing data instead of preparing it. By extracting and reconciling transactions directly from bank and brokerage statements, check images, check item lists, and transaction lists, eliminating the need for staff to hand-key thousands of entries.
Does Valid8 improve the accuracy of financial evidence used in analysis?
Yes. Every extracted transaction is verified against its source document, ensuring the numbers are correct before they enter any model, analysis, or expert report.
Can Valid8 assist in partnership disputes or ownership disagreements?
Absolutely. Valid8 traces capital contributions, distributions, and intercompany transfers across multiple entities. Accountants can quickly determine what transactions occurred and whether partner claims align with the evidence.
How does Valid8 support lifestyle analysis and family law work for CPAs?
Valid8 categorizes spending, identifies undisclosed accounts, and prepares reconciled datasets for lifestyle analysis. This saves weeks of manual effort and supports accurate marital vs. separate property assessments.
Can Valid8 support high-volume forensic or advisory workloads?
Yes. Accounting firms scale caseloads without hiring additional staff. Valid8 has processed hundreds of thousands of pages of financial evidence in multi-entity engagements, delivering verified data within hours.
Is the output compatible with accounting workpapers and expert reports?
Yes. Valid8 produces structured Excel exports and flow diagrams that integrate seamlessly into CPA workpapers and expert-witness deliverables.
Increase capacity, not costs.
Use Cases
