Validis | Financial Data Infrastructure

Description

Validis is a financial data infrastructure platform that specializes in extracting real-time financial data from over 300 accounting packages. Founded in 2012 and headquartered in London, Validis is backed by Citi and Barclays. The platform is designed to serve auditors, commercial lenders, and M&A teams by providing standardized, AI-ready financial data. Validis connects to a wide range of accounting systems, including popular applications like Intuit QuickBooks, Microsoft Dynamics, and Sage, among others.

The primary advantage of using Validis is its ability to eliminate the back-and-forth requests for financial reports. By connecting directly to a client's accounting application, Validis collects the full transactional history and automatically maps and standardizes the data. This process is completed in minutes, allowing users to receive a complete and accurate snapshot of the data as it exists in the client's accounting application.

Security is a top priority for Validis. The platform uses Microsoft Azure for data hosting and employs advanced security measures such as HTTPS, AES 256 BIT data encryption, SSL, stateful firewall protection, and is ISO 27001 certified and SOC 2 accredited. Data is stored in the country where the business is located, and Validis follows the company's data retention practices.

Validis also offers an API that allows users to receive and consume data in a way that best suits their needs. The platform's portal includes an upload scheduler tool, enabling reoccurring uploads of client data without manual intervention. This automation saves valuable time for both the user and their clients, ensuring a seamless data handling process.

Validis's Core Features

• Real-time financial data extraction

• Connects to 300+ accounting packages

• Standardized, AI-ready data

• Automatic data mapping and standardization

• Secure data transmission with Microsoft Azure

• AES 256 BIT data encryption

• ISO 27001 and SOC 2 accredited

• API for data consumption

How to use Validis?

1. 1

   Connect: Link to client's accounting package

2. 2

   Extract: Retrieve full transactional history

3. 3

   Standardize: Automatically map and standardize data

4. 4

   Automate: Schedule reoccurring data uploads

Validis's Use Cases

• Audit Automation
• Lending Analysis
• M&A Due Diligence
• Financial Advisory
• Data Security

FAQ from Validis

• What are the advantages of using Validis?

  Validis eliminates manual data collection, providing a complete and accurate snapshot of financial data quickly and securely.

• How secure is Validis technology?

  Validis uses Microsoft Azure for hosting and employs AES 256 BIT encryption, SSL, and is ISO 27001 and SOC 2 accredited.

• Which accounting applications does Validis connect to?

  Validis connects to applications like Intuit QuickBooks, Microsoft Dynamics, and various Sage products.

• How does Validis benefit my clients?

  Validis saves time by automating data uploads and eliminating the need for manual data gathering.

• Where is the data stored?

  Data is stored in the country where your business is located, following your company's data retention practices.

• What information does Validis extract?

  Validis extracts complete transactional details for the general ledger, receivables, and payables subledgers.

• How long do we store data?

  Data storage is controlled by your company's data retention practices.

• What is the Validis API used for?

  The API allows users to receive and consume data in a way that best suits their needs.