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With the arrival of know-how, crimes have additionally turn out to be hi-tech and extra subtle. Each trade applies know-how to its benefit.
The monetary sector has additionally come a great distance from guide information entry and passbooks to e-statements and on-line banking. These developments have additionally modified the way in which you examine monetary frauds at present. It’s tedious to take care of voluminous monetary information in several codecs and compile it for investigation manually.
Pricewaterhouse Coopers (PwC) carried out a World Financial Crime and Fraud Survey in 2020, revealing an enormous enhance within the reported fraud incidents.
To analyze the ever-increasing monetary frauds, the investigators should automate their information extraction and preparation course of for evaluation to remain forward of the fraudsters. With the correct software, it can save you hours on information preparation and evaluation and concurrently enhance productiveness.
ScanWriter
ScanWriter by Personable Inc. is an information automation software that may convert any doc or digital file, together with PDF and pictures, right into a structured Excel spreadsheet or information visualization. It’s a turnkey answer from begin to end you could effortlessly implement into your present pc processes. With ScanWriter, you too can get an analytic abstract of information inside minutes.
Moreover, you’ll be able to simply observe the cash path with subtle analytical instruments and modeling strategies. Because of this, you’ll be able to enhance your productiveness by 90% by way of time-saving instruments and finally create extra development alternatives.
Key Advantages
- Convert financial institution statements, bank card statements, test pictures, timesheets, payroll, cellphone information, accounting system ledger, insurance coverage kinds, contracts, and so forth. into Excel or information visualization
- Gather, consider, protect, and report findings
- Hyperlink evaluation instruments to assist with information assortment and evaluation
- Run analytic fashions to scrutinize the actions of funds in varied cyber crimes
- Confirm the integrity of the monetary data
- Create highly effective graphs and monetary information fashions with Microsoft Energy BI (Enterprise Intelligence)
- Keep the privateness of information by saving it regionally
- Guarantee 100% information accuracy
- Simplify your workflow with a user-friendly interface having built-in options
Integration & Deployment
- Seamless integration with Excel and Microsoft Energy BI
- Deployable on Cloud, SaaS, Net-Primarily based, On-Premise-Home windows, On-Premise-Linux
Monetary Establishments Help
ScanWriter has a public library of greater than 40,000 establishments, together with over 10,000 monetary establishments. Personable additionally offers customization of a format to your doc inside 24 to 48 hours of your request.
Language Help
ScanWriter helps 21 languages, together with most European, Asian, Center Jap languages.
Location
Personable has its head workplace in California, with a second workplace in Washington DC.
Consumer Base
ScanWriter caters to each the authorities and personal sectors.
Buyer Suggestions
Pricing
Customary ScanWriter Excel, which incorporates one workstation consumer and ten personalized readers, prices $4995 per license. As well as, every license has a non-prorated $2940 annual charge.
You may attain out to ScanWriter for costs on the Premier ScanWriter Excel, which incorporates customary options plus an unbiased library.
Demo & Free Trial
You may get an concept of the working of ScanWriter Excel Version by viewing movies on their Youtube channel. You may as well request a free demo on ScanWriter’s web site.
BankScan
BankScan by Gee Whiz Software program, LLC facilitates the conversion of financial institution and bank card statements right into a usable kind like an Excel spreadsheet or different digital codecs. BankScan recommends its use at the side of OmniPage, an Optical Character Recognition (OCR) program.
Key Advantages
- Cut back time in changing monetary paperwork to a useable digital format
- Gives extraction of information from printed checks that may be OCR’d with the assistance of FileScan
- Separates transactions in multi-account statements
- High quality management checks resembling skipped line assessment and AutoBalance
- Custom-made editor for environment friendly error correction
- Extract particular information gadgets from transaction descriptions
Integration and Deployment
It requires the next for correct integration and deployment:
- Both OmniPage Customary (v18.0) or Final (v19.X)
- Excessive-resolution monitor
- Home windows 7 or better OS operating on Intel i5 or better class processor 2+ GHz velocity, 8+ GB RAM
- Good high quality scanners like Fujitsu fi-7160
Monetary Establishments Help
BankScan has a whole bunch of banks within the library and new banks and assertion codecs are added nearly as quickly as a pattern is submitted to the template request tab.
Language Help
English.
Location
Gee Whiz Software program, LLC has its base in San Diego, California.
Consumer Base
BankScan majorly caters to the authorities sector. Initially, it was developed to be used on the Division of Justice and is at the moment utilized by federal, state, and native companies.
Pricing
There are a number of licensing choices accessible, from a flat yearly subscription plan to a pay-as-you-use service. The precise value to license will depend upon elements such because the variety of desired license seats, the extent of assist required, and the amount of information you course of.
Demo & Free Trial
You may watch among the demo movies on their web site.
ScanWriter v. BankScan
|
ScanWriter |
BankScan |
|
|
Accuracy |
YES – Accuracy checks are constructed into the software program, alerting customers of any lacking or skipped pages by way of a pop-up notification. |
NO – Consumer should manually test for lacking pages, duplicates, and different complicating points. |
|
Giant Complete Public Library |
YES – Public library of greater than 40,000 establishments, together with over 10,000 monetary establishments. |
NO – Solely 3,000 totally different templates can be found. |
|
Routinely Up to date Public Library |
YES – Routinely up to date with new and enhanced templates in real-time. |
NO – Requires customers to manually test for template updates throughout the software program. |
|
Knowledge Recognition |
YES – ScanWriter is aware of what to select up routinely. The consumer doesn’t want to make use of instruments to pick out the info that must be entered. |
NO – It’s important to edit it manually. Gives OCR erasing instruments to pick out particular elements to not be picked up. |
|
Handy Buying |
YES – Bought multi functional as single software program. Consists of SourceLink and Microsoft Energy BI. |
NO – OmniPage and FileScan have to be individually bought by way of its builders to be able to make the most of BankScan. |
|
Simple Set-Up/ Set up |
YES – Simple set up with step-by-step directions. Devoted assist supervisor to assist with any ScanWriter questions. |
NO – It’s essential to set up software program individually (Omnipage, BankScan, and FileScan) |
|
Automated Mapping of Knowledge |
YES |
NO |
|
Simple to Reference Knowledge Towards PDF Paperwork |
YES – Can simply evaluate retrieved information towards supply paperwork facet by facet. |
NO |
|
Doc Administration |
YES – Routinely saves and hyperlinks paperwork to a structured folder. |
NO |
|
Simple Consumer Interface |
YES |
NO |
|
Knowledge Analytic Functionality |
YES – Microsoft Energy BI Analytics that features customized and built-in fashions (movement of funds, all transactions overview, Beneish M Rating, and so forth.) |
NO |
Wrap Up
ScanWriter could make your information processing and evaluation job simpler and sooner. It offers many extra options than BankScan that solely converts the paperwork right into a usable format with the assistance of OmniPage and FileScan. You don’t want to fret in regards to the accuracy of the extracted information as ScanWriter ensures 100% accuracy.
Improve your effectivity with the state-of-the-tech artwork to automate information entry and create monetary information visualizations like ‘movement of funds’. You may as well segregate the info by location, entity, quantity, date, class, and so forth. Request ScanWriter demo at present with the assistance of devoted assist managers who will handle all of your wants and questions.
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