Peter Bobley Founder of Ocrolus Creator of PerfectAudit Brings Start-up Experience to the Team
New York, NY -- (SBWIRE) -- 08/26/2016 -- Peter Bobley, Founder of Ocrolus, is a serial entrepreneur who has built numerous successful businesses over the last 45 years, most notably PhoneCharge acquired by CheckFree in 2006. Bobley created the American Express Appointment Book program and the forerunner to Netflix.
Ocrolus is the parent company of medicaid-genius.com and auditgenius.com. Both sites enable users to scan-in credit card/bank/brokerage statements and instantaneously sort the transactions by date, amount, recurring, eliminating by-hand searches and is 10 times faster.
The key metrics in these cases are speed, cost and accuracy, all of which are optimized by leveraging proprietary transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone, takes 5-8 times as long and is 3-10 times as expensive depending on his or her salary.
Ocrolus' customers include accountants, lenders, fraud examiners, divorce analysts, attorneys, insurance auditors, police detectives and government agents among others. Automating the most tedious portions of bank and credit card statement analysis, allows professionals to focus on the cerebral tasks they are paid to perform.
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 (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.