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| Validis | White papers | ||||||
its data. Checking accounts for accuracy can often be laborious, time consuming and costly. Not every transaction can be checked, leading to a significant risk of error - incorrect accounts can lead to bad decisions, fines and even prosecution. Validis delivers a cost effective, online solution for SME’s to validate their accounting data and assess their business performance more accurately. Validis has generated significant interest among financial institutions servicing the SME sector. It is seen as a simpler more efficient way to exchange the financial information required by a borrower’s banking covenants – today much of the data is provided through manual methods – that could also significantly reduce a bank’s risk exposure and therefore impact on its capital adequacy requirements. Validis is the brainchild of Future Route Ltd (www.future-route.com), a technology incubator that specializes in the development of artificial intelligence based data analysis technologies for the mass market. For further information about either Validis or Future Route please call 0845 094 5520
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