With the appearance of expertise, crimes have additionally turn into hi-tech and extra subtle. Each trade applies expertise to its benefit.
The monetary sector has additionally come a good distance from handbook 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 the moment. It’s tedious to cope with voluminous monetary information in numerous codecs and compile it for investigation manually.
Pricewaterhouse Coopers (PwC) performed a World Financial Crime and Fraud Survey in 2020, revealing a giant 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 fitting 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 which you could effortlessly implement into your present laptop processes. With ScanWriter, you may also get an analytic abstract of information inside minutes.
Moreover, you may simply comply with the cash path with subtle analytical instruments and modeling strategies. Consequently, you may enhance your productiveness by 90% by time-saving instruments and finally create extra development alternatives.
Key Advantages
- Convert financial institution statements, bank card statements, examine pictures, timesheets, payroll, cellphone information, accounting system ledger, insurance coverage types, contracts, and so forth. into Excel or information visualization
- Accumulate, 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 supplies customization of a format in 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.
Shopper Base
ScanWriter caters to each the authorities and personal sectors.
Buyer Suggestions
Pricing
Commonplace ScanWriter Excel, which incorporates one workstation consumer and ten custom-made readers, prices $4995 per license. As well as, every license has a non-prorated $2940 annual payment.
You possibly can 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 thought of the working of ScanWriter Excel Version by viewing movies on their Youtube channel. You can even 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 along with OmniPage, an Optical Character Recognition (OCR) program.
Key Advantages
- Cut back time in changing monetary paperwork to a useable digital format
- Offers 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 reminiscent of skipped line assessment and AutoBalance
- Personalized editor for environment friendly error correction
- Extract particular information objects from transaction descriptions
Integration and Deployment
It requires the next for correct integration and deployment:
- Both OmniPage Commonplace (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 tons of of banks within the library and new banks and assertion codecs are added virtually 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.
Shopper Base
BankScan majorly caters to the authorities sector. Initially, it was developed to be used on the Division of Justice and is at present utilized by federal, state, and native companies.
Pricing
There are a number of licensing choices obtainable, from a flat yearly subscription plan to a pay-as-you-use service. The precise price to license will depend upon elements such because the variety of desired license seats, the extent of help required, and the quantity of information you course of.
Demo & Free Trial
You possibly can watch a number of 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 a pop-up notification. | NO – Person should manually examine 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 completely 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 examine for template updates inside the software program. |
Information Recognition | YES – ScanWriter is aware of what to select up mechanically. The consumer doesn’t want to make use of instruments to pick out the information that must be entered. | NO – You must edit it manually. Offers OCR erasing instruments to pick out particular elements to not be picked up. |
Handy Buying | YES – Bought multi function as single software program. Contains SourceLink and Microsoft Energy BI. | NO – OmniPage and FileScan should be individually bought by its builders as a way to make the most of BankScan. |
Simple Set-Up/ Set up | YES – Simple set up with step-by-step directions. Devoted help supervisor to assist with any ScanWriter questions. | NO – It’s essential to set up software program individually (Omnipage, BankScan, and FileScan) |
Automated Mapping of Information | YES | NO |
Simple to Reference Information Towards PDF Paperwork | YES – Can simply examine retrieved information towards supply paperwork facet by facet. | NO |
Doc Administration | YES – Routinely saves and hyperlinks paperwork to a structured folder. | NO |
Simple Person Interface | YES | NO |
Information 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 supplies 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 concerning the accuracy of the extracted information as ScanWriter ensures 100% accuracy.
Enhance your effectivity with the state-of-the-tech artwork to automate information entry and create monetary information visualizations like ‘movement of funds’. You can even segregate the information by location, entity, quantity, date, class, and so forth. Request ScanWriter demo at the moment with the assistance of devoted help managers who will tackle all of your wants and questions.
