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Validis captures market share as resellers recognise the potential of innovative new service

Thursday, July 12th, 2007

Validis, the Thinking Solutions Company, today welcomed the first group of software resellers onboard to resell its new service to end users of SME accounting packages such as Sage, Intuit Quickbooks and MYOB.

The Validis service offers company owners, directors, bookkeepers and external accounting professionals means to validate accounts data against known legislative and industry tests, and to discover issues which require further investigation.

Using patented artificial intelligence technology, the service working non disruptively alongside the company's existing accounting application package provides insight into business performance and offers industry leading techniques to highlight potential business issues and signs of fraud.

Paul Bailey, Commercial Director of Validis, commented:

"By rigorously checking every transaction, Validis provides peace of mind for directors responsible for signing off accounts under the ever more stringent legislation such as the Companies Act 2006"
 
"We are delighted to welcome on board the first wave of resellers who have recognised the value of the solution in their respective market segments. We expect our resellers to do extremely well as the compelling case for Validis - reducing time taken to manually review accounts, decreasing risk when presenting accounts externally and reducing accounting and audit bills - driven by an extremely easy to use service means this is set to become a truly mass market solution."

David Henderson-Begg, Director of Labyrinth IT, a London based reseller of Intuit QuickBooks shared the excitement, enthusing

"Validis is one of the most exciting new services that we've seen for a long time."

ENDS

 

About Validis™:

Validis™, created and brought to market by Future Route, is a revolutionary 'Software as a Service' ('SaaS'), on-demand, data checking service for financial accounts. By using a combination of business intelligence and advanced data algorithms to streamline error-checking by applying rules and analytics to every transaction, Validis provides its users with a simple, automated way of validating 100% of their accounts data in a matter of seconds.

It identifies errors; spots anomalies; highlights suspicious transactions; analyses business trends; compares data against internal and external accounting rules; and generates powerful management reports in seconds. This means users can maintain their accounts efficiently and publish them with total confidence. With virtually no training required, Validis provides its users with a fast, efficient and cost effective way of checking the accuracy and completeness of their underlying accounting data.

In order to see what impressed the judges and how you can benefit, please visit www.validis.com.

 

About Future Route Ltd:

Future Route Ltd specialises in the development of very sophisticated technology products that focus on producing highly complex data analysis software using proprietary algorithms and making it available for various mass markets.

Future Route has filed a number of global patents in the use of artificial intelligence, inductive logic programming and information theory to solve a range of information based business issues. The company is backed by a group of experienced and influential city investors.

The Company has recently formed a strategic alliance with Mamut, a leading European provider of complete, integrated software solutions and internet services for small and medium enterprises (SMEs), which will see all Mamut customers throughout Europe provided with access to Validis, its flagship product.

Further information on Future Route Ltd can be found at www.future-route.com.

 

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