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Forestpin Analytics

Forestpin Analytics

What is Forestpin Analytics?

A data analysis platform for finding irregularities, correlations, and duplications with an easy dashboard view.

Who Uses Forestpin Analytics?

Groups of companies that have larger numbers of daily transactions like payments, invoices, purchase orders Where there is a central unit responsible for checking the integrity of transactions

Forestpin Analytics Software - Forestpin Analytics filter analysis
Forestpin Analytics Software - Forestpin Analytics time series
Forestpin Analytics Software - Forestpin Analytics dashboard

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Reviews of Forestpin Analytics

Average score

Overall
4.8
Ease of Use
4.7
Customer Service
4.8
Features
4.8
Value for Money
4.7

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001

Find reviews by score

5
85%
4
13%
3
3%
Pumudika Hasani
Pumudika Hasani
Deputy Group Management Accountant in Sri Lanka
Verified LinkedIn User
Hospital & Health Care, 1,001–5,000 Employees
Used the Software for: 1+ year
Reviewer Source

Detecting outliers made easier

5.0 4 years ago

Comments: Daily usage of the software brings more light on the business processors of the organization and what needs to be improved at the ground levels.

Pros:

The software allows to analyze a large volume of data and detect any outliers based on the analysis. It is also built with machine learning where the patterns and trends in data are learnt from the customer inputs which is incorporated in the decision making. User friendly once used to the methods practiced in the software and is helpful in real time decision making for the organization.

Cons:

If the software could provide a facility to download analytics reports it would be an added advantage.

Rafael
Rafael
Jefe del departamento de Oceanografia in Venezuela
Verified LinkedIn User
Used the Software for: 2+ years
Reviewer Source

Excellent software that allows you to easily filter and detect outliers.

4.0 6 years ago

Comments: It has allowed me to optimize the activities related to the early and rapid detection of "suspicious" or "anomalous" data, especially those associated with extreme events, which in turn has allowed me to more rigorously support the possible exclusion or not of said data from the database analyzed.

Pros:

Its extreme ease of use, coupled with the very high speed with which it analyzes large volumes of data, make it a highly valued software. The high capacity to detect and identify anomalous data within a large data set, as well as the visualization of its results in personalized dashboards, I find very useful, especially for the purposes of audits and systematic controls of the data analysis process.

Cons:

Although in terms of data processing I think it is an excellent software, I think there is a lot of improvement field regarding the presentation on the screen and export of the graphics obtained to other applications. In reference to this I think you can improve what refers to the editing and view of the board, since it is difficult to "navigate", especially when you want to run a new test. Another relevant aspect for my field of work is the inability to download the graphics that are displayed on the screen, allowing in the best case to make a "Print screen", with the aggravating circumstance in many cases that the size and style of the texts incorporated within the graphics, are not necessarily the desired, so to incorporate such graphics in a personalized presentation, you have to do a lot of extra work.

Gunasinghe
Process Controller in Sri Lanka
Leisure, Travel & Tourism, 1,001–5,000 Employees
Used the Software for: 1+ year
Reviewer Source

Customizing the analysis of company specific data sets for management information & decision making

3.0 6 years ago

Comments: - Prompt identification of outlier transactions as the alerts are triggered when unusual transaction occurs.
- All transactions that are processed in the business applications goes through mathematical and statistical tests that will provide added security.
- Greater accuracy of accounting information.
- Deterrence among staff to manipulate information.
- Enhances share holder confidence and for the senior management to gain comfort on internal control mechanism.

Pros:

All transactions that are processed in the business applications goes through mathematical and statistical tests that will provide added security.

Cons:

- Prompt identification of outlier transactions. - Greater accuracy of accounting information. - Deterrence among staff to manipulate information.

Imtiaz
Assistant Manager - Forensic Data Analyst in Sri Lanka
Used the Software for: 2+ years
Reviewer Source

"This is an extremely valuable tool. The deterrence factor will keep everyone in line"

5.0 6 years ago

Pros:

The Artificial Intelligence component which really helps to improves the quality of outliers triggered. The workflow mechanism which adds assurance to the senior management team/ Auditors and audit committees. Ad-hoc capability which allows users to upload any data and analyze on their own. It provides business units access to detail information by way of a click of a button. No human intervention required, as the statistical and Mathematical models in-built will help management to identify outliers.

Cons:

Software does not allows to download graphs which I believe is a useful feature for management to use for various presentations and forums.

RAYMON
Consultant in Malaysia
Financial Services, 11–50 Employees
Used the Software for: 2+ years
Reviewer Source

Well designed. User friendly.

5.0 6 years ago

Comments: Anomaly detection in the course of forensic accounting exercises / fraud investigation.

Pros:

Eliminates the reliance on IT personnel. User friendly and works on any viable platform / gadget. The software can be used by anyone without an IT or accounting background. Its ease in data importing, variable selection and dashboard customization is out of this world. Many competitors are left behind due to the mere fact that scripting is no more a requirement and user experience is given the attention it needs. Thumbs up to the developers.

Cons:

Inability to generate standardized report upon computation. Believe more upgrades to the system may add to it.