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Excelerate Technology is a software firm selling specialized Optical Character Recognition (OCR) and analysis software of Altia-ABM, namely Financial Investigation Toolkit and Financial Analysis Toolbar. While the toolkit is a standalone application, the toolbar is an Excel add-in, which together constitutes an excellent combination for fraud detection.
A user processing financial/bank statements can use Financial Investigation Toolkit—specialized OCR software to convert any scanned or electronic bank statement into a fully formatted, error checked Excel Spreadsheet in a matter of minutes. “Unlike other tools, our software is not based on any standard template, it has a universal interface which holds the ability to convert bank statements from any of the 5,260 banks in the U.S.,” states Barbara, President, Excelerate Technology. The toolkit is well equipped to accurately correct any OCR error and customize output.
Our toolbar is not only comprehensive but is available at 1/20th the price of products available in the arena,” remarks Barbara
What makes these solutions so powerful is Excelerate Technology’s unwithering commitment to security and customer-centricity. To ensure the absolute security of critical data, the solutions are built on the best industrial standards and store data only on local workstations and networks. Also, Excelerate Technology offers free usage training and has a dedicated customer relations mechanism to not just answer customer queries but make progressive incorporation of feedback into their offerings, as well. To top it all, the solutions are highly usable, the simplicity of UIs is such that they bear high similitude with Microsoft’s applications.
Although initially developed for the law enforcement agencies, it is Excelerate Technology’s sheer hardwork that has helped them successfully expand the offerings to a number of other arenas such as forensic accounting, Medicare and Medicaid fraud detection processing, healthcare insurance processing, and more. Moving ahead, the company looks to add more features to their solutions, such as the ability to affix documents on transactions, and have printed cheques read electronically.