New York, NY -- (SBWIRE) -- 10/28/2016 -- According to Victoria Meakin, the President of Ocrolus, Inc., fifty lenders have contacted her in anticipation of the November 24th release of the company API. "And," Meakin adds, "one of the lenders, who reviews 100,000 bank statement pages per month, intends to also employ PerfectAudit to review 80,000 previous applications consisting of 1.6 million bank statement pages."

One early user commenting on the competitive nature of non-bank lenders said, "Once they taste this baby, they're all taking it!"

"The reaction has been stunning, Meakin said, we quickly sold out our November and December slots and we're now taking contracts starting January 10, 2017."

PerfectAudit is a FinTech platform that eliminates the need to manually audit bank and credit statements. E-statements or scanned originals, photocopies and faxes - even with pen marks or coffee stains - are digitized with over 99% accuracy. All US financial institutions are supported. Summary statistics are automatically generated and a complete database of transactions can be instantaneously filtered by account, date, description, and dollar amount. Clients access the platform through a cloud-based application or connect directly to their data via API integration.

The system's patent-pending back-end combines Optical Character Recognition (OCR) transaction detection and crowd sourced data validation. Documents can be uploaded out-of-order and with any page orientation. Pertinent data is extracted from files and accuracy is verified. Values that cannot be automatically confirmed are snipped into small images and sent out to pre-qualified crowd workers for validation. The values are then sent into an algorithmic reconciliation process to make sure dates and dollar values sync with account balances. When the values don't tie, the data in question is sent for another layer of manual review.

About PerfectAudit
PerfectAudit's proprietary backend combines transaction detection OCR technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

PerfectAudit (http://www.PerfectAudit.com) goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 10/19/2016 -- PerfectAudit Powered by Ocrolus is a solution allowing investigators to conduct a thorough financial investigation of white collar crimes in a fraction of the time, affordably and accurately. The system organizes data from uploads of bank and credit card statements, making the data searchable and sortable allowing investigators to quickly scan for high value transactions or recurring money transfers.

White collar criminals hide in complexity and masses of untamed data. Investigating someone's finances is a huge and messy ordeal. On big cases, entire teams of people will dedicate weeks if not months to go through bank and credit card statements line by line. Not only is it time-consuming, but it is also expensive — and it is why many financial crimes go unnoticed.

"We set out to create a system that would digitally analyze bank and credit card statements," Victoria Meakin, President of Ocrolus said. "We do that with a combination of proprietary transaction detection, data validation process and an algorithmic reconciliation."

About PerfectAudit
PerfectAudit (http://www.PerfectAudit.com), is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 10/17/2016 -- Nancy Hetrick, CEO and founder of Smarter Divorce Solutions, LLC discussed the benefits of PerfectAudit, Powered by Ocrolus. Hetrick explained the top three challenges in collecting, reviewing, and auditing financial data for divorce attorneys and auditors is the process. It has always been largely manual unless a client keeps quality QuickBooks records and is willing to share the files, which is very rare. So auditors are literally inputting transactions, one by one; the process is horribly time consuming. Additionally, the inaccuracy of human data entry is a huge concern requiring full review by another party to ensure accuracy. The typical time constraints and/or requirements to conduct a complete and accurate audit was between 4-6 weeks to complete a full forensic engagement.

Hetrick noted, "Now I can quote a week with PerfectAudit. My competitor forensic accounts are quoting 10k-40k to do a full lifestyle analysis. I can now quote the same job for about 5k. When considering the technology options, PerfectAudit is far better than anything else I found and the only one catering to my field, divorce." Hetrick added that she sees the benefits of PerfectAudit include time savings, accuracy of data, and increased competitiveness.

About PerfectAudit
PerfectAudit (http://www.PerfectAudit.com), is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection OCR technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

PerfectAudit goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 10/14/2016 -- Christine L. Warner, Fraud Detection Advisor for Ocrolus, has expertise is in algorithm development for the purpose of fraud detection. She served as the Deputy Project Director for the Medicaid Integrity Contractor (MIC) Review and is currently the Lead Architect to join Medicaid provider and beneficiary data with Medicare data on a national level.

Warner is the President of Automated Auditors, LLC, a data mining firm located in the Washington, DC metropolitan area. She is a seasoned fraud detection algorithm developer, having served as the Deputy Director of the Medicaid Integrity Contract (MIC) for the Northeast region of the United States. She has personally developed over 100 fraud algorithms in both the healthcare fraud and accounts payable industries and has published award-winning articles on detecting fraud proactively using data mining.

About PerfectAudit
PerfectAudit, is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit (http://www.PerfectAudit.com) goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection. Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 10/12/2016 -- Nancy Hetrick, CEO and founder of Smarter Divorce Solutions, LLC discussed the benefits of PerfectAudit, Powered by Ocrolus. Hetrick explained the top three challenges in collecting, reviewing, and auditing financial data for divorce attorneys and auditors is the process. It has always been largely manual unless a client keeps quality QuickBooks records and is willing to share the files, which is very rare. So auditors are literally inputting transactions, one by one; the process is horribly time consuming. Additionally, the inaccuracy of human data entry is a huge concern requiring full review by another party to ensure accuracy. The typical time constraints and/or requirements to conduct a complete and accurate audit was between 4-6 weeks to complete a full forensic engagement.

Hetrick noted, "Now I can quote a week with PerfectAudit. My competitor forensic accounts are quoting 10k-40k to do a full lifestyle analysis. I can now quote the same job for about 5k. When considering the technology options, PerfectAudit is far better than anything else I found and the only one catering to my field, divorce." Hetrick added that she sees the benefits of PerfectAudit include time savings, accuracy of data, and increased competitiveness.

About PerfectAudit
PerfectAudit (http://www.PerfectAudit.com), is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection OCR technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

PerfectAudit goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 10/10/2016 -- Nancy Hetrick, CEO and founder of Smarter Divorce Solutions, LLC discussed the benefits of PerfectAudit, Powered by Ocrolus. Hetrick explained the top three challenges in collecting, reviewing, and auditing financial data for divorce attorneys and auditors is the process. It has always been largely manual unless a client keeps quality QuickBooks records and is willing to share the files, which is very rare. So auditors are literally inputting transactions, one by one; the process is horribly time consuming. Additionally, the inaccuracy of human data entry is a huge concern requiring full review by another party to ensure accuracy. The typical time constraints and/or requirements to conduct a complete and accurate audit was between 4-6 weeks to complete a full forensic engagement.

Hetrick noted, "Now I can quote a week with PerfectAudit. My competitor forensic accounts are quoting 10k-40k to do a full lifestyle analysis. I can now quote the same job for about 5k. When considering the technology options, PerfectAudit is far better than anything else I found and the only one catering to my field, divorce." Hetrick added that she sees the benefits of PerfectAudit include time savings, accuracy of data, and increased competitiveness.

About PerfectAudit
PerfectAudit (http://www.PerfectAudit.com), is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection OCR technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

PerfectAudit goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 10/07/2016 -- PerfectAudit Powered by Ocrolus is a FinTech platform that eliminates the need to manually audit bank and credit statements. E-statements or scanned originals, photocopies and faxes - even with pen marks or coffee stains - are digitized with over 99% accuracy. All US financial institutions are supported. Summary statistics are automatically generated and a complete database of transactions can be instantaneously filtered by account, date, description, and dollar amount.

Clients access the platform through a cloud-based application or connect directly to their data via API integration. The system's patent-pending back-end combines Optical Character Recognition (OCR) transaction detection and crowdsourced data validation. Documents can be uploaded out-of-order and with any page orientation. Pertinent data is extracted from files and accuracy is verified. Values that cannot be automatically confirmed are snipped into small images and sent out to pre-qualified crowd workers for validation. The values are then sent into an algorithmic reconciliation process to make sure dates and dollar values sync with account balances.

About PerfectAudit
PerfectAudit's proprietary backend combines transaction detection OCR technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit (http://www.PerfectAudit.com) goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 10/05/2016 -- Bruce G. Dubinsky, Chairman of Ocrolus, is a Managing Director for Duff & Phelps with more than 30 years of financial investigative experience. The former Chairman of the Association of Certified Fraud Examiners Board of Regents, Dubinsky is a nationally recognized fraud expert who has worked on high-profile investigations including the Madoff Ponzi Case, the International Brotherhood of Teamsters, Parmalat, and many more.

Dubinsky holds an M.S. in taxation from Georgetown University and a B.S. in accounting from the University of Maryland. He is a Certified Public Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, and earned a certificate as a Master Analyst in Financial Forensics.

Dubinsky has been qualified and testified in court as an expert witness in nearly 50 bench and jury trials involving criminal and civil fraud, commercial business damages, intellectual property and patent damages, business valuations, federal income taxation, bankruptcy, SEC investment related matters, accounting malpractice, and standard of care cases as well as a variety of other disputes. He has given deposition testimony in over 100 cases. Dubinsky is a nationally recognized expert in fraud investigations, forensic accounting and dispute consulting, making frequent media and guest lecture appearances.

About PerfectAudit
PerfectAudit, is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit (http://www.PerfectAudit.com) goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 10/03/2016 -- Nancy Hetrick, CEO and founder of Smarter Divorce Solutions, LLC discussed the benefits of PerfectAudit, Powered by Ocrolus. Hetrick explained the top three challenges in collecting, reviewing, and auditing financial data for divorce attorneys and auditors is the process. It has always been largely manual unless a client keeps quality QuickBooks records and is willing to share the files, which is very rare. So auditors are literally inputting transactions, one by one; the process is horribly time consuming. Additionally, the inaccuracy of human data entry is a huge concern requiring full review by another party to ensure accuracy. The typical time constraints and/or requirements to conduct a complete and accurate audit was between 4-6 weeks to complete a full forensic engagement.

Hetrick noted, "Now I can quote a week with PerfectAudit. My competitor forensic accounts are quoting 10k-40k to do a full lifestyle analysis. I can now quote the same job for about 5k. When considering the technology options, PerfectAudit is far better than anything else I found and the only one catering to my field, divorce." Hetrick added that she sees the benefits of PerfectAudit include time savings, accuracy of data, and increased competitiveness.

About PerfectAudit
PerfectAudit (http://www.PerfectAudit.com), is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection OCR technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

PerfectAudit goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/28/2016 -- PerfectAudit Powered by Ocrolus is a solution allowing investigators to conduct a thorough financial investigation of white collar crimes in a fraction of the time, affordably and accurately. The system organizes data from uploads of bank and credit card statements, making the data searchable and sortable allowing investigators to quickly scan for high value transactions or recurring money transfers.

White collar criminals hide in complexity and masses of untamed data. Investigating someone's finances is a huge and messy ordeal. On big cases, entire teams of people will dedicate weeks if not months to go through bank and credit card statements line by line. Not only is it time-consuming, but it is also expensive — and it is why many financial crimes go unnoticed.

"We set out to create a system that would digitally analyze bank and credit card statements," Victoria Meakin, President of Ocrolus said. "We do that with a combination of proprietary transaction detection, data validation process and an algorithmic reconciliation."

About PerfectAudit
PerfectAudit (http://www.PerfectAudit.com), is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/27/2016 -- Victoria Meakin is a technology entrepreneur who co-founded PhoneCharge, a forerunner in electronic payment processing. Meakin is currently the president of Ocrolus, provider of a proprietary OCR solution creating efficiencies for the financial and health care sectors.

Ocrolus provides a proprietary OCR solution to create unprecedented efficiencies for the financial and health care sectors. Ocrolus eliminates the need to review paper documents, increasing efficiency in various types of audits and investigations.
The key metrics in these cases are speed, cost and accuracy, all of which are optimized by leveraging proprietary Optical Character Recognition (OCR) transaction detection, data validation and reconciliation systems. A human performing the same job is more error-prone, takes 5-8 times as long and is 3-10 times as expensive depending on his or her salary.

Ocrolus' customers include accountants, lenders, fraud examiners, divorce analysts, attorneys, insurance auditors, police detectives and government agents among others. Automating the most tedious portions of bank and credit card statement analysis, allows professionals to focus on the cerebral tasks they are paid to perform.

About PerfectAudit
PerfectAudit, is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection OCR technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit (http://www.PerfectAudit.com) goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection. Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/22/2016 -- The new form of automation, artificial intelligence and big data is fast-growing and significant. There are now many viable options on the market, including: PerfectAudit by Ocrolus. PerfectAudit, profiled recently in Robotics and Automation News, is the only OCR application custom built for identifying aberrancies and trends during financial reviews, yet flexible enough to be utilized by anyone reviewing bank and credit card statements. The feature article, authored by manufacturing journalist, Thomas R. Cutler.

The value proposition of best-practice auditing technology solutions must provide flexible analytics. PerfectAudit possesses the capability to easily filter and search financial transactions by dollar amount range, date range, description, and bank account number, or any combination thereof. In addition, certain types of transactions can be tagged, such as transfers, deposits, wires, ATM withdrawals, and social security deposits.

Robotics and Automation News covers the robotics and automation industries around the world. The publication can be accessed on the web; read the entire article at: http://bit.ly/2bqWc76

About PerfectAudit by Ocrolus
PerfectAudit, is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit (http://www.PerfectAudit.com) goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Vikas Dua COO of Ocrolus Makers of PerfectAudit Known for Creating Innovation Businesses

New York, NY -- (SBWIRE) -- 09/21/2016 -- Vikas Dua, Chief Operating Officer of Ocrolus, has been focused on creating innovative operational structures to optimize and scale young businesses. Prior to Ocrolus, he helped to build Handy, a Series C company based in NYC. Dua's background includes working in private equity, consulting with McKinsey.

Dua has worked with over 25 different companies in operational, strategic, and financial capacities to solve a host of issues over the course of his career. The common thread between all these experiences is that he effectively leverages both analytical and qualitative insights to determine the best path forward.

Dua earned his MBA from the University of Chicago.

About PerfectAudit
PerfectAudit, is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit (http://www.PerfectAudit.com) goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection. Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Divorce Law Transformed with New Technology PerfectAudit Powered by Ocrolus

New York, NY -- (SBWIRE) -- 09/20/2016 -- Nancy Hetrick, CEO and founder of Smarter Divorce Solutions, LLC discussed the benefits of PerfectAudit, Powered by Ocrolus. Hetrick explained the top three challenges in collecting, reviewing, and auditing financial data for divorce attorneys and auditors is the process. It has always been largely manual unless a client keeps quality QuickBooks records and is willing to share the files, which is very rare. So auditors are literally inputting transactions, one by one; the process is horribly time consuming. Additionally, the inaccuracy of human data entry is a huge concern requiring full review by another party to ensure accuracy. The typical time constraints and/or requirements to conduct a complete and accurate audit was between 4-6 weeks to complete a full forensic engagement.

Hetrick noted, "Now I can quote a week with PerfectAudit. My competitor forensic accounts are quoting 10k-40k to do a full lifestyle analysis. I can now quote the same job for about 5k. When considering the technology options, PerfectAudit is far better than anything else I found and the only one catering to my field, divorce." Hetrick added that she sees the benefits of PerfectAudit include time savings, accuracy of data, and increased competitiveness.

About PerfectAudit
PerfectAudit (http://www.PerfectAudit.com), is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection OCR technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

PerfectAudit goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/16/2016 -- Richard J. Fateman, Development for Ocrolus, is a professor emeritus and former chair of computer science at the University of California, Berkeley. Fateman received a BS in Physics and Mathematics from Union College, and a Ph.D. in Applied Mathematics from Harvard University. His current research focuses on improving OCR accuracy.

Fateman interests include scientific programming environments; algebraic manipulation by computer (programs like Macsyma, Mathematica, Maple, Axiom, Reduce); distributed computing; analysis of algorithms; programming and measurement of large systems; design and implementation of programming languages; digital document analysis (optical character recognition).

Fateman received a BS in Physics and Mathematics from Union College in 1966, and a Ph.D. in Applied Mathematics from Harvard University in 1971. His thesis work concerned the design and implementation of algorithms for the Macsyma computer algebra system. He taught in the Mathematics department at MIT from 1971 to 1974 and then joined the Berkeley Computer Science faculty. Fateman was instrumental in originating the work on Berkeley's VAX UNIX system, and led the development of the original Franz Lisp at Berkeley. He served on the Common Lisp design committee and on the IEEE 754 binary floating-point arithmetic standards committee. He served as Berkeley's Computer Science Chair from 1987 to 1990.

About PerfectAudit
PerfectAudit, is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit (http://www.PerfectAudit.com) goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/15/2016 -- The new form of automation, artificial intelligence and big data is fast-growing and significant. There are now many viable options on the market, including: PerfectAudit by Ocrolus. PerfectAudit, profiled recently in Robotics and Automation News, is the only application custom built for identifying aberrancies and trends during financial reviews, yet flexible enough to be utilized by anyone reviewing bank and credit card statements. The feature article, authored by manufacturing journalist, Thomas R. Cutler.

The value proposition of best-practice auditing technology solutions must provide flexible analytics. PerfectAudit possesses the capability to easily filter and search financial transactions by dollar amount range, date range, description, and bank account number, or any combination thereof. In addition, certain types of transactions can be tagged, such as transfers, deposits, wires, ATM withdrawals, and social security deposits.

Robotics and Automation News covers the robotics and automation industries around the world. The publication can be accessed on the web; read the entire article at: http://bit.ly/2bqWc76

About PerfectAudit by Ocrolus
PerfectAudit is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit (http://www.PerfectAudit.com) goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/14/2016 -- PerfectAudit Powered by Ocrolus is used by law enforcement to trace fraudulent cases. Detective Lara Young of the Largo Police Department used PerfectAudit in an exploitation case where a cleaning lady befriended an elderly victim who had Alzheimer's. The suspect gained her trust then slowly took over handling her finances. She eventually had the victim sign over POA and she opened credit cards in her name and opened new bank accounts to which she had access and had the victim put her in the will.

"Needless to say, there were many different bank account records and credit card statements that needed to be reviewed. Typically, I did this by hand and had to input the data into an excel spreadsheet to be sorted or tallied. PerfectAudit simplified this process dramatically and enabled me to sort much faster and better, by the use of the various search features. For example, I could show all the transactions which occurred in the suspect's area of town and / or specifically sort by all transactions or just by all transfers out of the bank account. Once printed, these become effective visual aids, which are very helpful when presenting a case to the State's Attorney's Office for prosecution," noted Officer Young.

About PerfectAudit
PerfectAudit (http://www.PerfectAudit.com), is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Divorce Forensic Auditor Sees PerfectAudit Powered by Ocrolus Saving Time and More Accurate

New York, NY -- (SBWIRE) -- 09/12/2016 -- Nancy Hetrick, CEO and founder of Smarter Divorce Solutions, LLC discussed the benefits of PerfectAudit, Powered by Ocrolus. Hetrick explained the top three challenges in collecting, reviewing, and auditing financial data for divorce attorneys and auditors is the process. It has always been largely manual unless a client keeps quality QuickBooks records and is willing to share the files, which is very rare. So auditors are literally inputting transactions, one by one; the process is horribly time consuming. Additionally, the inaccuracy of human data entry is a huge concern requiring full review by another party to ensure accuracy. The typical time constraints and/or requirements to conduct a complete and accurate audit was between 4-6 weeks to complete a full forensic engagement.

Hetrick noted, "Now I can quote a week with PerfectAudit. My competitor forensic accounts are quoting 10k-40k to do a full lifestyle analysis. I can now quote the same job for about 5k. When considering the technology options, PerfectAudit is far better than anything else I found and the only one catering to my field, divorce." Hetrick added that she sees the benefits of PerfectAudit include time savings, accuracy of data, and increased competitiveness.

About PerfectAudit
PerfectAudit (http://www.PerfectAudit.com), is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection OCR technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

PerfectAudit goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/12/2016 -- Michael Yang, Chairman of Technology for Ocrolus, is a zealous technologist who recently focused his research on machine learning for efficiency improvement, and financial transaction detection. Prior to Ocrolus, he held multiple senior level technical positions including at Bank of America, China Investment Corporation, J.P. Morgan, and Goldman Sachs.

Yang attended State University of New York at Stony Brook.

About PerfectAudit
PerfectAudit is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit (http://www.PerfectAudit.com) goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Law Enforcement Able to Quickly Discover Financial Fraud Thanks to PerfectAudit Powered by Ocrolus

New York, NY -- (SBWIRE) -- 09/07/2016 -- PerfectAudit Powered by Ocrolus is used by law enforcement to trace fraudulent cases. Detective Lara Young of the Largo Police Department used PerfectAudit in an exploitation case where a cleaning lady befriended an elderly victim who had Alzheimer's. The suspect gained her trust then slowly took over handling her finances. She eventually had the victim sign over POA and she opened credit cards in her name and opened new bank accounts to which she had access and had the victim put her in the will.

"Needless to say, there were many different bank account records and credit card statements that needed to be reviewed. Typically, I did this by hand and had to input the data into an excel spreadsheet to be sorted or tallied. PerfectAudit simplified this process dramatically and enabled me to sort much faster and better, by the use of the various search features. For example, I could show all the transactions which occurred in the suspect's area of town and / or specifically sort by all transactions or just by all transfers out of the bank account. Once printed, these become effective visual aids, which are very helpful when presenting a case to the State's Attorney's Office for prosecution," noted Officer Young.

About PerfectAudit
PerfectAudit (http://www.PerfectAudit.com), is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection OCR technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

White Collar Crimes Now Investigated with Affordable and Accurate PerfectAudit Powered by Ocrolus

New York, NY -- (SBWIRE) -- 09/07/2016 -- PerfectAudit Powered by Ocrolus is a solution allowing investigators to conduct a thorough financial investigation of white collar crimes in a fraction of the time, affordably and accurately. The system organizes data from uploads of bank and credit card statements, making the data searchable and sortable allowing investigators to quickly scan for high value transactions or recurring money transfers.

White collar criminals hide in complexity and masses of untamed data. Investigating someone's finances is a huge and messy ordeal. On big cases, entire teams of people will dedicate weeks if not months to go through bank and credit card statements line by line. Not only is it time-consuming, but it is also expensive — and it is why many financial crimes go unnoticed.

"We set out to create a system that would digitally analyze bank and credit card statements," Victoria Meakin, President of Ocrolus said. "We do that with a combination of proprietary OCR transaction detection, data validation process and an algorithmic reconciliation."

About PerfectAudit
PerfectAudit (http://www.PerfectAudit.com), is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection. Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 09/02/2016 -- The new form of automation, artificial intelligence and big data is fast-growing and significant. There are now many viable options on the market, including: PerfectAudit by Ocrolus. PerfectAudit, profiled recently in Robotics and Automation News, is the only application custom built for identifying aberrancies and trends during financial reviews, yet flexible enough to be utilized by anyone reviewing bank and credit card statements. The feature article, authored by manufacturing journalist, Thomas R. Cutler.

The value proposition of best-practice auditing technology solutions must provide flexible analytics. PerfectAudit possesses the capability to easily filter and search financial transactions by dollar amount range, date range, description, and bank account number, or any combination thereof. In addition, certain types of transactions can be tagged, such as transfers, deposits, wires, ATM withdrawals, and social security deposits.

Robotics and Automation News covers the robotics and automation industries around the world. The publication can be accessed on the web; read the entire article at: http://bit.ly/2bqWc76

About PerfectAudit by Ocrolus
PerfectAudit, is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit (http://www.PerfectAudit.com) goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Thomas R. Cutler Reviews Automation and Machine Learning and PerfectAudit Powered by Ocrolus

New York, NY -- (SBWIRE) -- 09/01/2016 -- The new form of automation, artificial intelligence and big data is fast-growing and significant. There are now many viable options in the market, including: PerfectAudit by Ocrolus. PerfectAudit, profiled recently in Automation Media magazine, is the only custom built for identifying aberrancies and trends during financial reviews, yet flexible enough to be utilized by anyone reviewing bank and credit card statements. The feature article, authored by manufacturing journalist, Thomas R. Cutler.

The value proposition of best-practice auditing technology solutions must provide flexible analytics. PerfectAudit possesses the capability to easily filter and search financial transactions by dollar amount range, date range, description, and bank account number, or any combination thereof. In addition, certain types of transactions can be tagged, such as transfers, deposits, wires, ATM withdrawals, and social security deposits.

AutomationMedia.com is the industry's leading and popular technology website and useful resources for industrial technology enthusiasts. Industry professionals are using the Internet more than any other source to find information such as news, products, articles, application tools, technical resources, and job opportunities.

To read the entire article, go to: http://bit.ly/2aHif7c

About PerfectAudit by Ocrolus
PerfectAudit, is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit (http://www.PerfectAudit.com) goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 08/30/2016 -- PerfectAudit Powered by Ocrolus is used by law enforcement to trace fraudulent cases. Detective Lara Young of the Largo Police Department used PerfectAudit in an exploitation case where a cleaning lady befriended an elderly victim who had Alzheimer's. The suspect gained her trust then slowly took over handling her finances. She eventually had the victim sign over POA and she opened credit cards in her name and opened new bank accounts to which she had access and had the victim put her in the will.

"Needless to say, there were many different bank account records and credit card statements that needed to be reviewed. Typically, I did this by hand and had to input the data into an excel spreadsheet to be sorted or tallied. PerfectAudit simplified this process dramatically and enabled me to sort much faster and better, by the use of the various search features. For example, I could show all the transactions which occurred in the suspect's area of town and / or specifically sort by all transactions or just by all transfers out of the bank account. Once printed, these become effective visual aids, which are very helpful when presenting a case to the State's Attorney's Office for prosecution," noted Officer Young.

About PerfectAudit
PerfectAudit (http://www.PerfectAudit.com), is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection OCR technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

New York, NY -- (SBWIRE) -- 08/29/2016 -- PerfectAudit Powered by Ocrolus is a solution allowing investigators to conduct a thorough financial investigation of white collar crimes in a fraction of the time, affordably and accurately. The system organizes data from uploads of bank and credit card statements, making the data searchable and sortable allowing investigators to quickly scan for high value transactions or recurring money transfers.

White collar criminals hide in complexity and masses of untamed data. Investigating someone's finances is a huge and messy ordeal. On big cases, entire teams of people will dedicate weeks if not months to go through bank and credit card statements line by line. Not only is it time-consuming, but it is also expensive — and it is why many financial crimes go unnoticed.

"We set out to create a system that would digitally analyze bank and credit card statements," Victoria Meakin, President of Ocrolus said. "We do that with a combination of proprietary OCR transaction detection, data validation process and an algorithmic reconciliation."

About PerfectAudit
PerfectAudit (http://www.PerfectAudit.com), is a FinTech platform that eliminates the need to review bank and credit card statements manually. The system analyzes PDF statements from all US financial institutions allowing users to quickly and confidently make financial determinations. PerfectAudit extracts the transactions into an interactive, exportable database for the reviewer to search and analyze. All files, regardless of format and quality, are digitized with over 99% accuracy.

PerfectAudit's proprietary backend combines transaction detection OCR technology, crowd-sourced data validation, and algorithmic reconciliation. This innovative approach enables PerfectAudit to leverage machine learning, continually enhancing automation while accelerating analysis time. The PerfectAudit API will be available beginning in September and includes analytics such as average daily balance, number of days of a negative balance per month, number of interbank deposits, and number of deposits from outside sources.

Summary statistics are automatically generated, and transactional data can be instantaneously searched. PerfectAudit eliminates the need to manually audit bank and credit statements. E-statements, originals, photocopies, faxes and even documents with pen marks or coffee stains are all acceptable. Users can instantly find transactions of any defined value and are automatically alerted of potentially missing statements and transfers between accounts. Every transaction is linked via SNAPSHOT to its precise location on the source document. PerfectAudit does not require the applicant to provide bank login credentials whereas many do require this.

PerfectAudit goes to great lengths to protect clients' private information. All files are encrypted at rest with AES-256 bit encryption, and TLS 1.2 is supported for communications. These encryption standards are recommended and used by many financial institutions as well as the federal government. User data is stored with Amazon Web Services, the same platform used by the National Security Agency and the Department of Defense. Amazon's ultra-secure facilities are monitored 24/7 by security guards and accessible only by biometric scanning. This infrastructure meets the requirements of an extensive list of global security standards, including: ISO 27001, SOC, HIPAA / HITECH, FedRAMP, and the PCI Data Security Standard. PerfectAudit guarantees the highest level of data protection.

For new users, the system is completely free to use for 250 pages. Thereafter the pricing starts at $0.40 per page. Follow PerfectAudit on Twitter at @Ocrolus.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm