Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
FlexTrap is a cloud-based platform that leverages artificial intelligence to enhance payment accuracy and automate accounts payable processes, enabling finance teams to avoid payment mistakes, identify inconsistencies, and streamline the reconciliation of supplier statements, thereby minimizing financial losses and boosting operational efficiency. The system employs over 300 validation checks and machine learning techniques to continuously scrutinize invoices and accounts payable transactions, proactively identifying potential issues like duplicate payments, incorrect vendor payments, and unclaimed credits, while providing real-time alerts and insights for immediate corrective measures by accounts payable professionals. Furthermore, it transforms the traditionally tedious and labor-intensive task of supplier statement reconciliation through AI-driven data capture and intelligent matching with accounts payable records, resulting in a rapid and scalable workflow that not only captures open credits but also enhances supplier engagement and management. This innovative approach significantly reduces the time and resources typically required for manual reconciliation, allowing finance teams to focus on strategic initiatives. Ultimately, FlexTrap empowers organizations to maintain tighter financial control and build better relationships with their suppliers.
Description
In just a matter of hours, you can convert years' worth of financial documents, including statements, checks, deposit slips, and accounting transactions, into evidence suitable for court with ease. Valid8 stands out as the sole cloud-based Verified Financial Intelligence (VFI) platform, meticulously crafted by forensic accountants who utilize cutting-edge AI technology. This platform is specifically designed to enable teams to trace the movement of funds both swiftly and with precision, allowing for faster analysis and greater assurance. By simply uploading your bank statements, images of checks and deposit slips, accounting system extracts, and transaction lists to Valid8, you can obtain thoroughly verified financial evidence in a matter of hours. Discover how Valid8’s VFI platform greatly outpaces traditional OCR solutions that necessitate manual adjustments. With the integration of AI and machine learning, Valid8’s VFI platform effortlessly extracts transactions from any type of statement or system. Say goodbye to the headaches and hold-ups: upload your PDFs and receive organized, reconciled data within hours, transforming the way financial evidence is processed. This efficiency not only streamlines your workflow but also enhances the reliability of the financial insights you receive.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
FlexTecs
Country
United States
Website
flextrap.flextecs.com
Vendor Details
Company Name
Valid8
Website
www.valid8financial.com
Product Features
Product Features
Audit
Alerts / Notifications
No
Audit Planning
No
Compliance Management
No
Dashboard
No
Exceptions Management
No
Forms Management
No
Issue Management
No
Mobile Access
No
Multi-Year Planning
No
Risk Assessment
No
Workflow Management
No
Investigation Management
Contact Management
No
Data Management
No
Incident Management
No
Reporting & Statistics
No
Subject Profiles
No