We offer free demonstrations, without obligations, as well as further free training and support, but a short video can be seen here showing the basic analysis provided:
Prism 339 was originally developed for forensic investigation inside insolvency, to trace hidden assets. Our customers soon identified the power of the tool and applied it beyond the initial aim of identifying insolvency claims, to assist with compliance reporting obligations, or any number of other disciplines, such as probate, matrimonial, or mergers and acquisitions. Our software can be applied to any situation where a volume of bank statement data needs extracting and analysing. Let us show you what we can do.
The original aim of Prism 339 was to trace antecedent transactions that must be chased in insolvency, but we recognize that there is massive benefit to this being used to ease the compliance burden upon insolvency practitioners and other professionals. These are just a few of the key features which Prism uses to achieve this for you:
The transactions tab is a feature which has all the information that’s been taken from your bank statements through optical character recognition.
The Entities Found feature contains all the information in the original transactions tab, but with dates removed and all payees sorted in alphabetical order.
The View Associations feature is the engine that works the highlighting of associations across different tabs, which can be updated live.
Inside the ‘search tab’ feature, you are able to have the entire turnover of a company scanned for specific references or common regulatory concerns.
This feature identifies those accounts which might be connected by way of payments in and out to a specific sort code and account number but do not have a narrative.
With the Transaction Outliers feature, we attempt to identify what is in and out of the ordinary course of business of the company.
This feature works In the same way as the Transaction Outliers feature, in that it recognizes what is in and out of ‘ordinary’ transactions for individual characteristics of payments in the course of business for the company.
One of the first things we are all taught in financial investigations is that transactions which have too many zeros in them tend to be artificial. As an attempt to identify those things, we algorithmically recognize those and put them in the round amounts feature.
The keywords feature gives you the insight which you may have missed from other tabs. Prism users can avoid piles os statements and days of work through highlighting particular words found in the volume and flow of transactions.
The “files analysed” and “parameters” features provide data about the files you submitted. “files analysed” breaks down per file what was provided by the user, which period was covered and details of the total receipts and payments for the transactions extracted from those bank statements.
This offering was created at the request of clients, to allow for multiple accounts to be analysed simultaneously, revealing the debits, credits, and the balance for multiple accounts parallel to each other. Commonly requested analyses from historical court hearings are included as standard.
The Open Banking protocol is a feature which provides clients the ability to link bank accounts to Prism for same day access to client data, pre-appointment and compliance requirements to be met. Prism absorbs the cost enabling free utilization to Prism clients. Watch this simple video for clients here:
Our original aim was to trace antecedent transactions that must be chased in insolvency, but we recognize there’s massive benefit to this being used to ease the compliance burden upon insolvency practitioners and other professionals.
Any questions, please remember that we don’t charge for training or support, so just contact us by sending a request through on the form to let us know any way that we can help you.
We offer free demonstrations, without obligations, as well as further free training and support, but a short video can be seen here showing the basic analysis provided: