Manual exporting and extraction of data from various sources slows down on-boarding process. Constant back and forth drains time and resource for both borrower and lender.
Large volumes of data in varying formats must be unified and copy and pasted together. Hours are drained checking data for errors and rekeying from one format to another. Files are then transferred to the lender via risky methods like email and fax.
Once data is formatted, underwriters compile their own credit reports before making a lending decision. This can take hours.
At the touch of a button, Validis connects directly to your client’s accounting software and extracts an exact copy of their data. No manual interference means no manual errors and data integrity remains intact.
The unique Validis algorithms check data for errors and anomalies and then create uniform, standardised reports.
Extensive data analytics can be accessed quickly and securely via our unique pluggable feed or online platform. Validis generates a full set of financial reports that you can drill down into and analyse.
In the current financial climate where lenders face continuous scrutiny, the need for reliable client data has never been stronger. Validis enables high speed transmission of financial data via the web, allowing banks and peer-to-peer lenders to access accurate and reliable accounting data securely and efficiently. The software extracts data directly from source accounting packages and drills down to transactional level, generating standardised reports for lenders to review in just a few minutes.
Validis eradicates time consuming manual data preparation and risky transference processes, enabling lenders to make swift and confident decisions. Once a client is onboard, Validis’ performance monitoring and covenant breakdown notification services allow changes in credit risk to be identified on a timely basis. This is crucial for complying with continuously evolving industry standards such as IFRS 9.
Aside from the ease of use and streamlined process, borrowers experience further benefits from Validis. Reduced cost of onboarding and monitoring in conjunction with increased transparency allows lenders to offer funding to a wider range of clients at better rates.
1. Account Activation
Both you and your client sign up via a simple web portal
2. Client Verification
Client authorises data access and automated transmission begins
3. Management Accounts
Submission of standardised monthly accounts
4. Covenant Monitoring
Real time performance monitoring and breakdown notification
5. Financial Data Feeds
Transmission of complete ledger data into lender's back-end systems
6. Online Access Anytime
Cloud-based application enables access anytime and anywhere
Validis enables lenders to provide financial support to their clients with ease and confidence.
Data transmission completes in under 10 minutes
On demand data enables fast informed lending decisions
Instant access to quality scores and downloadable reports
Streamlined process allows lenders to on-board more clients
Increased efficiencies result in cost savings
Reduced risk and default probability
Easy account activation via simple web portal
No software installation or download required
Effortless client experience
Uniform format regardless of accounting software
Manage multiple clients in one platform
Consistent drill down functionality for transactional level view
ISO 27001 certified software
Data is 256 AES encrypted for absolute security
Secure extraction process ensures data integrity and mitigates risk
Unique, patented algorithms interrogate data to transactional level
Performance monitoring and covenant analytics and breakdown notifications
Exhaustive analysis and validation of complete data set
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