PerfectAudit Powered by Ocrolus Enables Accurate Investigation of White Collar Crimes

PerfectAudit Powered by Ocrolus is a solution allowing investigators to conduct a thorough financial investigation of white collar crimes in a fraction of the time, affordably and accurately. The system organizes data from uploads of bank and credit card statements, making the data searchable and sortable allowing investigators to quickly scan for high value transactions or recurring money transfers.

White collar criminals hide in complexity and masses of untamed data. Investigating someone’s finances is a huge and messy ordeal. On big cases, entire teams of people will dedicate weeks if not months to go through bank and credit card statements line by line. Not only is it time-consuming, but it is also expensive — and it is why many financial crimes go unnoticed.

“We set out to create a system that would digitally analyze bank and credit card statements,” Victoria Meakin, President of Ocrolus said. “We do that with a combination of proprietary transaction detection, data validation process and an algorithmic reconciliation.”

About PerfectAudit

PerfectAudit (, is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit’s proprietary backend combines transaction detection technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable.  Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit goes to great lengths to protect clients’ private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense.  Amazon’s ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection. Follow PerfectAudit on Twitter at @Ocrolus.

Media Contact
Company Name: PerfectAudit Powered by Ocrolus
Contact Person: Victoria Meakin
Email: Send Email
Phone: (646) 850.9090
Address:44 Wall Street, Suite 703
City: New York
State: NY
Country: United States