Financial analysis is the process of evaluating businesses, projects, budgets and individuals to determine their performance and suitability. Typically, financial analysis is used to analyze whether an entity is stable, solvent, liquid or profitable enough to warrant a monetary investment. When looking at a specific company or a Person of Interest, a financial officer conducts analysis by focusing on the income statement, balance sheet, and cash flow statement.
In today’s highly competitive business environment, financial officers need more from Finance than accurate financial statements and reports. They need forward-looking, predictive insights that can help detect fraudulent activity and improve decision-making in real time.
A financial investigation is analysis of where money comes from, how it moves and how it is used.
In most cases, financial analysis revolves around collection and analysis of financial data. The collection aspect involves searching through a variety of financial documents.
Bank fraud is the use of potentially illegal means to obtain capital, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank. In many cases, bank fraud is a criminal offence. RBI has elaborate set of early warning signals (EWS) for banks to curtail frauds. However, there are inadequate tools and technology in place to detect such EWS pertaining to different frauds.
Financial Investigations or Financial Analytics can reveal:
Financial statements are formal records of the financial activities and positions of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form, which is easy to understand.
They typically include these basic financial statements :
A Balance Sheet or a statement of financial position, reports on an individual’s assets, liabilities and owner’s equity at a given point in time.
An Income Statement reports on an individual’s income, expenses and profits over a stated period of time. This provides information on the operation of an enterprise.
A Cash Flow Statement reports on a company’s or individual’s cash flow activated. Particularly its operating, investing and financing activities over a stated period of time.
Financial statements are intended to be understandable by readers who have a reasonable knowledge of business, economics activities, accounting and who are willing to study the information diligently.
C5 Financial Analytics is a customized tool to gather actionable intelligence from a variety of financial data, collected from various banks. The application helps financial Investigating Officers identify suspicious transactions based on user defined criteria.
It begins with data acquisition in the form of financial statements, bank statements in all the accepted file formats. The application then creates an analysis report based on the imported data. From the analysis dashboard, the financial Investigating Officer is presented with visually sound data that is helpful in quickly determining the gravity of the case. The analysis can also display variety of analysis patterns and commands, categorizing, filtering and summarizing the data.
Leave it to this tool to provide you with a comprehensive picture of all the funds in any given case. C5 Financial Analytics intelligently tracks and tags the flow of funds from and to a number of accounts that are involved in money rotations or it can connect the dots with money trails to show where and how the funds end up. The flow is tracked and intelligently plotted in a visual representation, making sense of vast and composite fund routes a breeze for the Investigating Officer.
Following the funds internationally has never been easier, with this feature can trace the forex transactions.
Get a better understanding of where and how the same money is being circulated among different individuals involved.
Let the application do the heavy lifting for you, with this unique feature the application intelligently extracts information from the narration/description to identify various parameters like mode, beneficiary, reference number of the transaction etc., Identifies the transaction whether it falls under FEMA/PMLA
C5 Financial Analytics makes it easy for the Investigating Officer to view all the complex data in a simple and intuitive manner, with vibrant data charts and relevant parameters being highlighted.
Easy to use Pivot report, summarizes data by dragging the columns to different sections of the table.
Enables user to visually inspect the data using various types of graphics such as Forced Chart, Circular char, Timeline, Hierarchical chart etc.
Generates various reports with the parameters that matter most to you, giving you the flexibility and ease to ready the most relevant data and investigate the relations.