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Validis

Score10 out of 10

3 Reviews and Ratings

What is Validis?

Validis in the UK offers a platform for fast and compliant data collection to aid lenders to small businesses in making loan decisions.

Categories & Use Cases

Validis, The world's most intelligent accounting integrations.

Use Cases and Deployment Scope

We use Validis in our organization to share our financial data with our investors and stakeholders. It automatically treats and assembles our data and sends it to a report shared with our partners.

Pros

  • Assemble automatically data to our reports.
  • Real time data.
  • Complete and accurate calculation.

Cons

  • To have access all the features, the cost may be high for a small company.
  • Client support not in French.

Most Important Features

  • Automation.
  • Real time data.
  • Complete, clear and actionable data.

Return on Investment

  • Smarter and faster decisions.
  • Drive operational efficiency.
  • Delivering Hight quality and effective audit reports.
  • Auto-calculation of financial ratios.

Builds out a great foundational set of audit workpapers

Pros

  • Normalizes data sets.
  • Building foundational set of audit workpapers.
  • Saves auditors time in manual tasks associated with obtaining data.

Cons

  • Add additional connectors.
  • Continue to expand in other areas of the audit.
  • Continue to expand in other areas like compilation and review.

Most Important Features

  • Best of breed.
  • Easily handles large data sets.
  • Easy to use.

Return on Investment

  • Saves time on every audit engagement.
  • Lets our accountants focus on other areas vs. areas requiring manual tasks.
  • Very well embraced by our clients.

Alternatives Considered

MindBridge Platform

Other Software Used

Microsoft 365 (formerly Office 365), XCMworkflow, from Wolters Kluwer, CaseWare IDEA