TrustRadius Insights for Validis are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.
Pros
Time-saving automation: Several reviewers have found that Validis software significantly reduces the time and effort required for auditors and lenders by automating the collection and analysis of financial data from multiple sources. This feature eliminates the need for manual data collection, allowing users to focus on more important tasks.
Versatile data extraction: Many users appreciate the versatility of Validis software in extracting data from various sources such as accounting software and banking systems. This functionality allows financial services organizations to consolidate and standardize their data, making it easier to analyze and audit.
Valuable insights through data analytics: Users have praised Validis for its robust data analytics and benchmarking features, which provide valuable insights for making better decisions. By analyzing financial data, organizations can gain a deeper understanding of their performance, compare it to industry benchmarks, identify areas for improvement, and make informed decisions.
We use Validis in our organization to share our financial data with our investors and stakeholders. It automatically treats and assembles our data and sends it to a report shared with our partners.
Pros
Assemble automatically data to our reports.
Real time data.
Complete and accurate calculation.
Cons
To have access all the features, the cost may be high for a small company.
Client support not in French.
Likelihood to Recommend
What I like best about Validis is we can share automatically and easily our real-time reports with minimal clicks to our partners. The data are effective, clear, and actionable to have a complete view f our accounting data for easy analysis and examination. The only negative point could be the price and the client service which is not in French.
Validis is a great best breed tool that we use in the audit space. It does an amazing job of normalizing and organizing data from accounting systems to which it has a connector. It builds out an amazing foundational set of audit workpapers in many audit areas with little to no human intervention.
Pros
Normalizes data sets.
Building foundational set of audit workpapers.
Saves auditors time in manual tasks associated with obtaining data.
Cons
Add additional connectors.
Continue to expand in other areas of the audit.
Continue to expand in other areas like compilation and review.
Likelihood to Recommend
Well suited when the accountant is dealing with large data sets.