Vikas Dua COO of Ocrolus Makers of PerfectAudit Known for Creating Innovation Businesses
New York, NY -- (SBWIRE) -- 09/21/2016 -- Vikas Dua, Chief Operating Officer of Ocrolus, has been focused on creating innovative operational structures to optimize and scale young businesses. Prior to Ocrolus, he helped to build Handy, a Series C company based in NYC. Dua's background includes working in private equity, consulting with McKinsey.
Dua has worked with over 25 different companies in operational, strategic, and financial capacities to solve a host of issues over the course of his career. The common thread between all these experiences is that he effectively leverages both analytical and qualitative insights to determine the best path forward.
Dua earned his MBA from the University of Chicago.
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. Follow PerfectAudit on Twitter at @Ocrolus.