Accounting
Increase Accounting Capacity, Not Costs
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
Increase capacity, not costs.
Use Cases
