PerfectAudit Powered by Ocrolus is a FinTech platform that eliminates the need to manually audit bank and credit statements. E-statements or scanned originals, photocopies and faxes – even with pen marks or coffee stains – are digitized with over 99% accuracy. All US financial institutions are supported. Summary statistics are automatically generated and a complete database of transactions can be instantaneously filtered by account, date, description, and dollar amount.
Clients access the platform through a cloud-based application or connect directly to their data via API integration. The system’s patent-pending back-end combines Optical Character Recognition (OCR) transaction detection and crowdsourced data validation. Documents can be uploaded out-of-order and with any page orientation. Pertinent data is extracted from files and accuracy is verified. Values that cannot be automatically confirmed are snipped into small images and sent out to pre-qualified crowd workers for validation. The values are then sent into an algorithmic reconciliation process to make sure dates and dollar values sync with account balances.
PerfectAudit’s proprietary backend combines transaction detection OCR 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 (www.PerfectAudit.com) 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.
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Company Name: PerfectAudit Powered by Ocrolus
Contact Person: Victoria Meakin
Phone: (646) 850.9090
Address:44 Wall Street, Suite 703
City: New York
Country: United States