GLAnalytics

GLAnalytics, provided by GLAnalytics Inc., is a cloud-based employee error and fraud detection system. According to the vendor, this software delivers financial reporting solutions that proactively monitor financial data for errors and potential fraud, aiming to provide peace of mind to businesses of all sizes. GLAnalytics is said to be useful for finance and accounting professionals, compliance officers, risk managers, internal auditors, and healthcare organizations.

Key Features

Proactive Employee Error and Fraud Detection: According to the vendor, GLAnalytics is designed to proactively identify gaps, inconsistencies, duplicate payments, errors, and potential fraud before they occur. It continuously monitors financial data and uses algorithms to identify anomalies and potential risks.

Checks and Balances for Data Integrity: GLAnalytics is said to provide checks and balances to ensure data integrity, compliance with internal policies and procedures, and risk management. The software is designed to review payments before they are made, allowing businesses to identify potential errors or fraudulent activities.

Identification of Gaps in Financial Data: GLAnalytics includes interconnected components for proactive monitoring of financial information, such as Payroll, Accounts Payables, Accounts Receivables, and General Journal Entries. According to the vendor, the software runs various algorithms on selected financial data sets to identify anomalies and potential gaps, helping businesses take corrective actions.

Review Payments Before They Are Made: The vendor claims that GLAnalytics enables businesses to review payments before they are made, aiming to ensure accuracy and compliance. It provides an interface that allows businesses to review payment details and identify potential errors or inconsistencies.

Focused Highlighting of Inconsistencies: GLAnalytics is designed to highlight inconsistencies, duplicate payments, errors, and potential fraud in financial data. According to the vendor, the software uses algorithms to scan financial data and identify discrepancies or irregularities, helping businesses prioritize their efforts and take proactive measures.

Real-time Detection of Errors and Fraud: According to the vendor, GLAnalytics is capable of detecting errors and fraud in real-time, enabling businesses to take immediate action and prevent financial losses.

Data-driven Risk Management: GLAnalytics aims to help businesses implement data-driven risk management strategies by providing insights and alerts on potential risks and issues in financial data.

Compliance with Internal Policies and Procedures: The vendor states that GLAnalytics ensures compliance with internal policies and procedures by providing checks and balances on financial data, helping businesses maintain financial accuracy and prevent losses.

Easy-to-use Interface: GLAnalytics offers an intuitive and user-friendly interface, which, according to the vendor, allows businesses to easily navigate and review financial data, making it accessible to users with varying levels of technical expertise.

Highly Secure Cloud-based Solution: GLAnalytics is claimed to be a highly secure cloud-based solution that safeguards sensitive financial data, ensuring the privacy and confidentiality of business information.