Services

General Ledger Analyzer

FinX, a multifunctional SaaS-based AI audit platform, is proud to launch its first product, the AI General Ledger Analyzer (GLA).
Created to revolutionize financial audits by significantly reducing audit risks, the GLA, with its advanced capabilities, identifies six types of anomalies:

Statistical Outliers

Based on the 4-5 Sigma rule GLA will detect outliers based on transaction amount.

Infrequent Transactions

If the transaction amount is unique in and out of 4-5 sigma rule then that is also filtered as an infrequent transaction.

Repetitive Transactions

If the transaction amount with the same account number is repetitive multiple times, then that transaction will be considered an anomaly.

Manual Journal Entries

These are manual entries and are considered an anomaly by default.

Wrong Transaction Types

For example, if the Transaction type from the original raw data is a deposit but the amount is negative.

Duplicate Check Numbers

If the check number of two or more transactions is similar.

GLA enhances fraud detection and provides deeper insights. By automating labor-intensive tasks, GLA offers up to 75% savings in time and labor costs and slashes error rates to less than 1%, thereby boosting productivity, strengthening internal controls, and effectively mitigating overall audit risk.

Request or Schedule Demo

By requesting a demo, you're taking the first step toward transforming your audit processes. Join FinX in shaping the future of finance auditing with AI. Your success is our priority!