Increasing complexity of regulations along with large volume of transactions puts an extensive burden on Enterprise Accounts Teams. Analyzing transactions, reconciling across accounts and ensuring tax compliance becomes challenging with the vast number of transactions carried out by businesses today. Manual efforts expose companies to risk from human errors and also reduce the capacity to detect fraud. With over 47% of companies experiencing fraud in the last 2 years, it is imperative to empower Accounts Teams with the right tools.
Enterprise
iAcuity enables Accounts teams to automatically reconcile bank statements and ledgers, monitor fund utilization and payment trends and identify suspicious activities or transactions. Our fraud detection algorithms also automatically analyze transactions and flag suspicious behavior for management review.
Adopt an Automated Approach to Reconciliation and Fraud Detection
Detect fraud and diversion of funds
Benefits
Upload data in any digitally readable format. No more data transformation, normalization, and cleansing efforts. Fund Trail automatically validates data and starts analysis.
Analyze billions of transactions across multiple accounts, bank statements and ledgers. Fund Trail is the perfect tool for complex analysis involving millions of transactions.
Fund Trail helps follow the money trail. Investigators can easily see unreported related party transactions, diversion of funds or suspicious transactions.
Detect accounting fraud and missing ledger entries. Fund Trail provides a detailed transaction by transaction comparison and reconciliation between ledgers and bank statements.
Track changes in revenue, expenses, inventory, and other parameters of the business over the investigation period.
Data privacy is critical especially when entities are under investigation. iAcuity uses advanced encryption techniques to ensure data is only accessible to authorized personnel. Furthermore, Fund Trail monitors user activity and data access logs to provide a security audit for each case.
Fund Trail can be deployed in the cloud or on-premise providing enterprise with flexibility of deployment.