Validis

TL;DR

Validis is a financial data extraction platform that connects directly to 100+ accounting software packages to automate data collection and analysis
Primary benefit is saving 50-75% of time on financial data gathering and processing for audits, lending decisions, and M&A transactions
Ideal for audit firms, commercial lenders, specialist lenders, and M&A professionals who need rapid access to verified financial data

What is Validis

Validis is a financial data extraction and automation platform that directly connects to over 100 major accounting software packages to streamline the collection, verification, and analysis of financial data. The platform solves the critical problem of manual financial data gathering by providing secure, automated access to clients' accounting systems, enabling professionals in auditing, lending, and M&A to extract comprehensive financial information in minutes rather than hours or days. As a specialized financial data integration platform, Validis serves as the industry standard for accessing business financial data, trusted by major institutions like Barclays, Deloitte, Grant Thornton, and Santander.

Key Features

Direct Accounting Software Integration: Connects seamlessly to 100+ major accounting platforms including QuickBooks, Xero, Sage, and enterprise systems, eliminating manual data entry and reducing errors by up to 95%
Automated Data Extraction: Extracts complete general ledger data, trial balances, transaction details, and supporting documentation automatically, saving 8+ hours per engagement
Real-Time Data Access: Provides instant access to up-to-date financial information directly from source systems, enabling faster decision-making and continuous monitoring
Standardized Data Format: Transforms data from various accounting packages into a unified, standardized format that integrates with popular audit and analysis tools like Caseware and OnPoint DAS
Bank-Grade Security: ISO 27001 and SOC2 Type 2 certified platform ensures data protection with enterprise-level encryption and security protocols
API Integration: Offers comprehensive API access for seamless integration with existing workflows, audit tools, and lending platforms
Audit Trail & Verification: Maintains complete audit trails with source documentation, ensuring data integrity and compliance requirements are met

Who is Validis for?

Audit Firms and CPAs: From Big 4 to mid-market firms looking to modernize audit processes and move beyond sampling
Commercial Banks and Lenders: Financial institutions needing rapid credit assessments and ongoing borrower monitoring
Specialist Lending Teams: Invoice finance, asset-based lending, and alternative finance providers requiring real-time financial visibility
M&A Advisory Firms: Due diligence teams and transaction advisors needing quick access to target company financials
Corporate Finance Teams: Organizations managing multiple entity consolidations or requiring automated financial reporting

Key Use Cases & Applications

Automated Audit Procedures: Extract complete general ledgers and perform 100% transaction testing instead of sampling, improving audit quality while reducing fieldwork time
Real-Time Credit Monitoring: Monitor borrower financial health continuously with automated alerts for covenant breaches or financial deterioration
Rapid Loan Underwriting: Access comprehensive financial data within minutes for faster lending decisions and improved customer experience
M&A Due Diligence Acceleration: Extract and analyze target company financials in hours instead of weeks, enabling faster deal execution
Invoice Finance Verification: Validate receivables and payables in real-time for asset-based lending and factoring decisions
Multi-Entity Consolidation: Automate data collection from subsidiaries using different accounting systems for faster month-end closes

Pros

Reduces financial data collection time by 50-75%, allowing professionals to focus on analysis rather than data gathering
Eliminates manual data entry errors and provides 100% coverage of client financial data instead of traditional sampling methods
Industry-leading security certifications (ISO 27001, SOC2 Type 2) ensure enterprise-grade data protection
Trusted by major financial institutions and accounting firms globally, establishing it as the industry standard
Seamless integration with popular audit and analysis tools like Caseware significantly streamlines existing workflows

Cons

Requires client consent and cooperation to establish initial connection to their accounting software
May face resistance from traditional auditors or lenders uncomfortable with automated data extraction methods
Initial setup and integration can require IT involvement for enterprise implementations
Pricing requires direct consultation, making it difficult to assess cost-effectiveness before engagement

Pricing Info

Pricing is not publicly available. You need to contact them.

FAQs

How long does it take to connect to a client's accounting system?

Initial connection typically takes minutes once client authorization is provided. The client simply needs to grant secure access through their accounting software, and Validis handles the rest of the technical setup automatically.

What accounting software packages does Validis support?

Validis connects to over 100 major accounting platforms including QuickBooks, Xero, Sage, NetSuite, SAP, Oracle, and most other popular business accounting systems. They continuously add new integrations based on client needs.

Is historical financial data accessible through Validis?

Yes, Validis can extract historical data going back multiple years, depending on what's available in the client's accounting system. This enables trend analysis and multi-period comparisons without manual data entry.

How does Validis ensure data security and compliance?

Validis maintains ISO 27001 and SOC2 Type 2 certifications, uses bank-grade encryption for all data transfers, and provides detailed audit trails. They also comply with GDPR and other regional data protection regulations.

Can Validis integrate with our existing audit or lending software?

Yes, Validis offers API integration and has pre-built connectors for popular platforms like Caseware, OnPoint DAS, and various loan origination systems. Their technical team can assist with custom integrations for enterprise clients.

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