Trending...
- Community Members and Stakeholders Invited to Help Shape a More Accessible Tacoma
- Simpalm Staffing Launches Tax Preparer Staffing for U.S. CPA Firms
- BESTBUYSTORE opens its dropshipping model to independent merchants
New capability separates transactions into collections to reveal insights faster
BOULDER, Colo., Feb. 22, 2024 /PRNewswire/ -- Valid8 Financial, the leader in Verified Financial Intelligence, today announced Stories, a new capability allowing users to quickly separate transactions of interest and group them into different collections to understand how financial activities unfolded over time and across locations.
Stories builds on Valid8's existing AI Categorization capabilities to provide investigators with a new, more powerful way to identify questionable transactions, including checks, deposits, transfers and payments, and mark them for further evaluation. It also offers a means to collaborate with other investigators and develop easy-to-understand case narratives.
"Stories delivers on our promise to continue addressing the tedious manual reviews and spreadsheet work that slow down investigations," said Valid8 Financial's CEO, Chris McCall. "The ability to quickly separate transactions of interest from routine ones allows investigators to narrow in on the activities that matter in a fraud case."
More on Washingtoner
The company's Verified Financial Intelligence platform provides forensic accounting, legal and government professionals with courtroom-ready evidence for a variety of complex financial investigations and disputes, including Medicaid fraud, partnership disputes, asset division, high-net-worth divorces and Chapter 11 bankruptcies.
Stories are pivotal in helping improve the speed and quality of rendering a professional opinion. Professionals can use Stories to:
"Stories saves us significant time by making it much easier to organize and categorize transactions and collaborate across the firm, allowing us to focus our efforts on the items warranting further examination," said Ken Feinstein, Managing Director, J.S. Held. "Transaction review has typically been tedious and resource-intensive, so there's tremendous value in expediting the process."
With fraud prosecutions and reported losses on the rise, Valid8's AI and automation allow users to quickly parse, reconcile and categorize financial data from numerous sources, including bank transactions, Bitcoin deposits and withdrawals, and even hand-written checks — eliminating sample risk in favor of mapping entire transaction histories. Stories helps users get even more from Valid8's industry-leading AI Categorization.
More on Washingtoner
"Transactions are like characters," said McCall. "With Stories, our customers can focus on the most relevant transactions and quickly reveal the plot."
Stories is the first of several new capabilities planned for 2024, following Valid8's $8.5 million Series A financing last November. The functionality is available now to all customers. For more information, please visit valid8financial.com.
About Valid8 Financial
Valid8 Financial is the global leader in Verified Financial Intelligence (VFI). The company's platform extracts accounting evidence from documents and systems to eliminate sample risk, address staffing challenges, and improve the speed and quality of rendering a professional opinion. Hundreds of firms use Valid8's software on some of the world's most complex, high-profile cases. The company holds numerous patents and was recognized in 2023 as a Top Financial Restructuring Services Provider from Financial Services Review and in 2022 as a Technology Innovation Award Winner from CPA Practice Advisors and as a Top 100 Early Stage Company by Will Reed. The company has headquarters in Boulder and Seattle. For more information, visit: www.valid8financial.com.
Media Contact
Sam Perry
BLASTmedia for Valid8 Financial
317.806.1900 x152
[email protected]
SOURCE Valid8 Financial
BOULDER, Colo., Feb. 22, 2024 /PRNewswire/ -- Valid8 Financial, the leader in Verified Financial Intelligence, today announced Stories, a new capability allowing users to quickly separate transactions of interest and group them into different collections to understand how financial activities unfolded over time and across locations.
Stories builds on Valid8's existing AI Categorization capabilities to provide investigators with a new, more powerful way to identify questionable transactions, including checks, deposits, transfers and payments, and mark them for further evaluation. It also offers a means to collaborate with other investigators and develop easy-to-understand case narratives.
"Stories delivers on our promise to continue addressing the tedious manual reviews and spreadsheet work that slow down investigations," said Valid8 Financial's CEO, Chris McCall. "The ability to quickly separate transactions of interest from routine ones allows investigators to narrow in on the activities that matter in a fraud case."
More on Washingtoner
- CPPS to Host Webinar on the Revised ASIS Workplace Violence Prevention and Intervention Standard
- CPPS Renews ASIS International Preferred CPE Provider Status
- Sturtevant's Offers Free Ski and Snowboard Edge-and-Wax Services in Bellevue Oct. 29
- Pre-Seed VC Martin Tobias Makes Fundraising Tool Available to Every Startup CEO as Investor Match
- Squaawke releases memorial songs for Canadian woman who Homeland Security detained
The company's Verified Financial Intelligence platform provides forensic accounting, legal and government professionals with courtroom-ready evidence for a variety of complex financial investigations and disputes, including Medicaid fraud, partnership disputes, asset division, high-net-worth divorces and Chapter 11 bankruptcies.
Stories are pivotal in helping improve the speed and quality of rendering a professional opinion. Professionals can use Stories to:
- Collaborate across and between firms, saving many hours previously spent writing detailed emails or reviewing transactions together in meetings.
- Build their final, courtroom-ready evidentiary narrative.
"Stories saves us significant time by making it much easier to organize and categorize transactions and collaborate across the firm, allowing us to focus our efforts on the items warranting further examination," said Ken Feinstein, Managing Director, J.S. Held. "Transaction review has typically been tedious and resource-intensive, so there's tremendous value in expediting the process."
With fraud prosecutions and reported losses on the rise, Valid8's AI and automation allow users to quickly parse, reconcile and categorize financial data from numerous sources, including bank transactions, Bitcoin deposits and withdrawals, and even hand-written checks — eliminating sample risk in favor of mapping entire transaction histories. Stories helps users get even more from Valid8's industry-leading AI Categorization.
More on Washingtoner
- 2027 Health Insurance Open Enrollment
- Gahl Sasson Releases "Agents of Chaos & Angels of Change: The Astrology of 2027
- Spokane Police is Seeking Assistance Locating a Missing Adult Male
- LocalsVoted Launches: Local Rankings From Phone-Verified Votes, Not Paid Placement
- Tacoma: Homicide Arrest – 1100 Commerce Street
"Transactions are like characters," said McCall. "With Stories, our customers can focus on the most relevant transactions and quickly reveal the plot."
Stories is the first of several new capabilities planned for 2024, following Valid8's $8.5 million Series A financing last November. The functionality is available now to all customers. For more information, please visit valid8financial.com.
About Valid8 Financial
Valid8 Financial is the global leader in Verified Financial Intelligence (VFI). The company's platform extracts accounting evidence from documents and systems to eliminate sample risk, address staffing challenges, and improve the speed and quality of rendering a professional opinion. Hundreds of firms use Valid8's software on some of the world's most complex, high-profile cases. The company holds numerous patents and was recognized in 2023 as a Top Financial Restructuring Services Provider from Financial Services Review and in 2022 as a Technology Innovation Award Winner from CPA Practice Advisors and as a Top 100 Early Stage Company by Will Reed. The company has headquarters in Boulder and Seattle. For more information, visit: www.valid8financial.com.
Media Contact
Sam Perry
BLASTmedia for Valid8 Financial
317.806.1900 x152
[email protected]
SOURCE Valid8 Financial
0 Comments
Latest on Washingtoner
- Wisdom trumps wrinkles: 66% of Aussie women wouldn't turn back the clock
- Attorney Jason M. Sullivan Quoted in The Telegraph on Trump's $10 Billion BBC Lawsuit
- Community Members and Stakeholders Invited to Help Shape a More Accessible Tacoma
- Sycamore Dove Releases "Loving Every Moment"
- Tacoma: Homicide Arrest – 1100 Commerce Street
- Hospital Direct Medical Equipment Company Seeing Growth in Used Refurbished Medical Equipment Sales
- Scoop Social Co. Brings Its Signature Mobile Dessert Experience to Nashville
- Soft & Sweet Unveils New Studio Location and Website for All-Natural Sugaring in Las Vegas
- Beyond Popularity Rankings, The World's No.1 Superstar® Wins Best Pop Music Video for "Under Your Spell"
- Spokane: SPD Seeks the Public's Assistance in Locating 94-year-old man
- Simpalm Staffing Launches Tax Preparer Staffing for U.S. CPA Firms
- ASSIST Software Wins Volkswagen Challenge for Automated Quality Inspection
- National Literacy and Workforce Readiness Crisis Sparks New Program Launching in Birmingham
- New England Consulting Partners Celebrates 25 Years of Turnaround Management Solutions
- RAS AP Consulting Releases Educational Resource to Help Organizations Prepare for IRS FIRE-to-IRIS Transition
- Roots, Rhythm & Joy Invites Neighbors to Find Community Through Music
- Tacoma: Homicide Investigation – 1100 Commerce Street
- Former Goddard Enterprises Managing Director Anthony Ali Joins STS Capital Partners as Managing Director and Partner
- Heritage at Manalapan Announces Limited-Time Mortgage Rate Buydown on Select Quick Move-In Homes
- Good Organics Now at Pop Up Grocer NYC With October 30 Sampling Event