New York, NY -- (SBWIRE) -- 08/18/2016 -- The new form of automation, artificial intelligence and big data is fast-growing and significant. There are now many viable options in the market, including: PerfectAudit by Ocrolus. PerfectAudit, profiled recently in Automation Media magazine, is the only OCR application custom built for identifying aberrancies and trends during financial reviews, yet flexible enough to be utilized by anyone reviewing bank and credit card statements. The feature article, authored by manufacturing journalist, Thomas R. Cutler, was titled, "Automating Finance and Lending Audits Simplified with Optical Character Recognition."
The value proposition of best-practice auditing technology solutions must provide flexible analytics. PerfectAudit possesses the capability to easily filter and search financial transactions by dollar amount range, date range, description, and bank account number, or any combination thereof. In addition, certain types of transactions can be tagged, such as transfers, deposits, wires, ATM withdrawals, and social security deposits.
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About PerfectAudit by Ocrolus
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 (http://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.
For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. Follow PerfectAudit on Twitter at @Ocrolus.