You Have the Data, Now What?
by Tracy L. Coenen, CPA, CFF |
 The ability to use new tools and techniques to better analyze financial data in forensic accounting engagements is a topic of interest to many attorneys who find themselves involved in cases with mountains of financial data. Getting the data is great, but your results in the case are directly related to how well you can put that data to work and make it mean something to your case.
Today, specialized software can pull the data off of documents or digital images, automatically reconcile the data to ensure accuracy, and put it in a database to allow the financial investigator to immediately begin using the data. This may not sound revolutionary, but it is. This software can save hundreds of hours of data entry and months of delay in a case. It not only extracts data from bank statements, for example, but can also match the check copies and deposit tickets to the transactions on the bank statements, saving additional time and effort usually devoted to manual matching of the transactions.
Greater speed and accuracy coupled with better tools to analyze the data gives attorneys faster answers about the trail of money, and that intelligence provides a marked advantage in litigation.
Read 'You Have the Data, Now What?' here.
For more information, please visit www.sequenceinc.com.
|
No comments:
Post a Comment