News
The Validis service is accredited by the ICAEW
Wednesday, April 16th, 2008
Validis, the automated accounts validation and review service, brought to market by the London based company Future Route Ltd., has been accredited by the Institute of Chartered Accountants in England and Wales (ICAEW).
The Validis service, allows Accountants in Practice to conduct automated accounts reviews, reducing their operational risk by making their accounts investigation procedures more thorough.
Accounts reviews are central to a number of key accounting processes including audit, accounts preparation, due diligence and initial fee setting for new clients. By making these processes more efficient, Validis can improve a practices bottom line and free up time for higher margin client services.
The ICAEW is an independent UK association of chartered accountants in the UK with over 125,000 members. The accreditation is a confirmation that the Validis service fulfils the ICAEW’s stringent criteria to meet the requirements of a good accounting data validation service. Those criteria are that the service should:
Assist in the identification of errors, anomalies and suspicious transactions within accounting data.
Provide facilities to ensure the completeness, accuracy, confidentiality and continued integrity of these functions.
Be effectively supported and maintained; easy to learn, understand and operate; and fully supported.
Craig McLellan, Relationship Manager, ICAEW Member Services Dept. said:
Chris Poll, CEO, Future Route Ltd. said:
ENDS
About the ICAEW:
The Institute of Chartered Accountants in England & Wales (ICAEW) is the largest professional accountancy body in Europe, with over 125,000 members. ICAEW was incorporated by Royal Charter in May 1880. As a Chartered body, the Institute operates primarily in the public interest. The Institute is the UK’s premier accountancy body, and the largest in Europe, with over 124,000 members working in business and public practice in 142 different countries. Over 15,000 members live and work outside the UK. The Institute also has some 9,000 students. Further information can be found at www.icaew.co.uk.
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.