Automatically Verify and Cross-Check Client Data
Covarity constantly monitors and cross-checks data looking for anomalies due to accounting/data entry errors or fraud. Whether it’s a single reporting period or over the course year, inconsistent data is flagged for in-depth analysis.
Highlights of the fraud indicators module include:
- Verify accounts receivable is aging as expected.
- Compare accounts receivable to sales for the current period and year to date.
- Compare balance sheet values to their respective listings.
- Specify default variances to eliminate false positives.
- Analyze your portfolio with different variances using a flexible what-if scenario builder.