Case Study: Verus Financial achieves 99% audit accuracy with Prolifics

Verus Financial - Customer Case Study

Verus Financial, an auditing firm specializing in unclaimed insurance funds, needed to analyze millions of policy documents and transactions to identify compliance events. Manually completing these audits within tight contractual timeframes was impossible for a company of its size. To address this challenge, Verus Financial partnered with vendor Prolifics to implement and optimize an IBM InfoSphere-based data analytics solution for intelligent data standardization and matching.

Prolifics implemented the IBM toolset and provided a health check, process re-engineering, and technical training. This solution empowered Verus Financial to perform analytics-powered audits with up to 99% accuracy, a significant improvement over the industry's manual average. The vendor's work helped increase analysis iterations tenfold and reduced analyst training time by nearly 80%, enabling the company to successfully return billions of dollars in unclaimed property to beneficiaries and state governments.

Verus Financial

Peter Lee

Chief Technology Officer