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Deepcheck

Deepcheck

Deepcheck

Deepcheck

At Conqorde, we’re not just consultants; we’re pioneers in integrating state-of-the-art technology to solve complex business challenges. A testament to our innovative approach is our collaboration on the Deepcheck platform, a revolutionary system designed to transform invoice verification and payment processing for businesses.

Developed for a discerning client, Deepcheck leverages advanced data analysis and machine learning algorithms to scrutinize incoming invoices with unprecedented accuracy. This platform ensures that every invoice aligns perfectly with established accounting systems and consistent invoicing patterns, safeguarding businesses against the financial losses associated with inaccurate or fraudulent transactions.

Utilizing the pioneering Multitron ML technology, Deepcheck analyzes accounting data from multiple perspectives, a capability that was considered beyond the cutting edge in 2020. Its robust validation processes assess the correlation between invoice data and company revenue, alongside scrutinizing annual reports for discrepancies. Our findings revealed that approximately 20% of companies in both the USA and the UK had discrepancies in their annual reporting compared to what was officially reported.

The Deepcheck system integrates seamlessly with Open Banking, enhancing its verification processes by ensuring that invoices have not been previously paid, thereby preventing duplicate transactions. With its capability to operate independently of human intervention, the system provides clear, reliable signals for payment clearance or stops, enhancing financial security.

Recognized for its innovation, the system has attracted interest from several tax authorities and companies house looking to adopt this technology. The customer has successfully patented the Deepcheck solution, marking a milestone in the field of financial technology.

At Conqorde, we pride ourselves on delivering solutions that not only meet but exceed the technological and operational needs of our clients. This project exemplifies our commitment to driving business efficiency and integrity through technological excellence.

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