Meet the world's first Financial Process Mining application

Welcome to the revolution of financial analytics. Incraminer uses the power of Artificial Intelligence and Machine Learning to transform your general ledger data into financial process mining.
You may have heard of Process Mining before. Process Mining is used to analyze and improve business processes based on (event) data within applications. With Process Mining it is easy to identify the happy flow and all the deviations that can occur, allowing you to streamline your operational processes.

Financial Process Mining is a new form of Process Mining which is build around the General Ledger administration and the financial transactions. Financial Process Mining allows you to reconstruct the financial processes and organizes them in a way that gives you a completely transparent and full picture of what’s actually happening. More importantly however is that you can also identify the deviations from the happy flow and identify the risks within the process.

Incraminer is currently in closed beta phase. Please feel free sign-up for the beta program or to contact us if you would like to know more.

Meet the world's first Financial Process Mining application

Welcome to the revolution of financial analytics. Incraminer uses the power of Artificial Intelligence and Machine Learning to transform your general ledger data into financial process mining.
You may have heard of Process Mining before. Process Mining is used to analyze and improve business processes based on (event) data within applications. With Process Mining it is easy to identify the happy flow and all the deviations that can occur, allowing you to streamline your operational processes.

Financial Process Mining is a new form of Process Mining which is build around the General Ledger administration and the financial transactions. Financial Process Mining allows you to reconstruct the financial processes and organizes them in a way that gives you a completely transparent and full picture of what’s actually happening. More importantly however is that you can also identify the deviations from the happy flow and identify the risks within the process.

Incraminer is currently in closed beta phase. Please feel free sign-up for the beta program or to contact us if you would like to know more.
Incraminer has been trained in the following areas of expertise:
Traditionally, most financial assurance services are performed at the end of the year, often culminating to the 'busy season'. In practice, financial data analysis are done after closing the financial year and is therefore often seen as an afterthought.

With Incraminer we want to change this by enabling the long sought after continuous auditing model by integrating data analysis into the entire audit process. Incraminer is able to identify changes in the financial processes, compare them against your previous audits and use smart methods to identify peculiar transactions that need to be investigated. Let Incraminer take care of the past numbers, so that you focus on the future.

In short, Incraminer is changing when we audit, what we audit and how we audit.
With Incraminer you can easily benchmark different corporate entities even if they are administered in different ERP systems. Increase the grip of your financial situation globally and enable centralizing the financial support and control functions. Incorrect transactions, double payments and inter-company processes are easily managed via Incraminer.
Improve the quality of your tax return declarations with the VAT module of Incraminer. Based on the the financial data, Incraminer is able to identify the different types of suppliers, customers, goods and services that are provided or purchased. Incraminer can identify the geographical location of each supplier and customer without you ever providing the data. As Incraminer is build on General Ledger data, it is especially adept at detecting invoices that are not processed via the standard Purchase To Pay process, which often contain errors.

Less is more...

Incraminer is built on minimal data requirements and can already perform most of its analysis based on an transaction ID, a General Ledger account number, the posting amount and the effective date. Additional analyses can be performed when adding the customer / supplier ID's and user ID's.

These limited requirements are datapoints that are present in any ERP system that are most likely to be available with standard data extract.

Less is more...

Incraminer is built on minimal data requirements and can already perform most of its analysis based on an transaction ID, a General Ledger account number, the posting amount and the effective date. Additional analyses can be performed when adding the customer / supplier ID's and user ID's.

These limited requirements are datapoints that are present in any ERP system that are most likely to be available with standard data extract.

...and more is better!

If your financial administration contains many transactions, it is most likely that they are the result from highly automated processes within an organisation. Incraminer uses this information to accurately reconstruct the financial processes of the ERP system. Therefore, in contrast to conventional CAAT technologies, Incraminer provides better insight when the number of transactions increases.
Incraminer is able to reorganize the haystack into logical processes that you can relate to, making it very easy to find the needles that do not belong there.

Increase the efficiency of your audit with Incraminer!

Incraminer identifies whenever a change is implemented in any existing process or when a new process is implemented. This allows you to quickly focus where your attention is required whenever significant changes are made.

From now on, whenever you perform an audit, you do not need to extensively repeat the same tests every year if the data can already confirm for you that the financial processes have not changed since your previous visit.

Benchmarking against your peers

Incraminer not only tests each transaction within the financial model it created, it also benchmarks the financial model itself against all other known financial models. By doing this, Incraminer learns and improves with each processed client.

Material misstatement calculations

By analyzing all transactions and creating a model of the organisations underlying processes, Incraminer determines the reliability of the financial data. Suspicious transactions are marked and logged in the dossier. For each dataset Incraminer calculates a material misstatement and a reliability KPI.
The material misstatement contains the possible error in the financial data measured in a financial currency.
The reliability KPI indicates how reliable the financial data and the material misstatement is.

By following up on the suspicious transactions, you can increase the reliability KPI and (possibly) decrease the material misstatement.

Maximize financial knowledge

Incraminer aims to maximize its knowledge while building on the minimal data requirements. By using machine learning algorithms, Incraminer is able to split journals into smaller transactions while also looking at the monetary flows between accounts and across transactions. That weekly posting that contains the payment of multiple invoices at once? Incraminer is able to identify and link each of them.

By recreating the financial model of an organization Incraminer can test each individual transaction against that model to determine the correctness, completeness, credibility, uniqueness and timeliness of the transaction. Currently Incraminer has over 40 analysis to classify errors and anomalies.

Lightning fast cloud processing

Using a proprietary state of the art cloud platform, Incraminer is able to perform complex calculations with an excellent performance. By using cloud computing, Incraminer can deliver an efficient and scale-able solution. Additionally, due to the potential criticality of the required data, we have taken extra steps to fully encrypt all confidential data in storage and transit.

Lightning fast cloud processing

Using a proprietary state of the art cloud platform, Incraminer is able to perform complex calculations with an excellent performance. By using cloud computing, Incraminer can deliver an efficient and scale-able solution. Additionally, due to the potential criticality of the required data, we have taken extra steps to fully encrypt all confidential data in storage and transit.

Intuitive to use

Create your own dashboard by dragging and dropping the analysis that are most important to your work.
With Incraminer, you can dive deeper into the data or maintain that high level viewpoint at any time and best of all, you do not need to learn any complex language.
AI Auditor

Get the best possible results for your audits powered by artificial intelligence and neural networks. You are empowered with data that boosts your confidence in delivering audit risk assessments.

Continuous Auditing

Continuous auditing and continuous monitoring have remained more of a goal than a reality for most auditors. It is a concept that shifts the paradigm of internal audit from the routine periodic audits of smaller transactions to a continuing review of larger volumes of financial data.

Financial Analytics Software

We help you make data-driven decisions by providing you with in-depth financial analytics powered by Incraminer intelligence. Taking data analysis beyond spreadsheets to give insightful reports that will help you understand the past, present, and predict the future. We guarantee financial process mining that rivals blockchain technology.