Built on computer vision, natural language processing and machine learning, OnetrAiQ is designed to harness the power of data to create practical solutions to the problems that even blockchain and smart contracts can’t yet solve. The application is capable of reviewing invoices at 135x the speed and 50% of the cost of human auditors, while increasing recoveries through reviewing significantly more documents than traditional audit can.
Add machine learning power to your JV audits. Designed for Non-Operators, OnetrAiQ features automatic coding error, as well as ineligible charge/key word anomaly detection. The result is post-transaction audit improvements that will see your audit costs reduce by up to 50%, your audit recoveries increase by 30%, and speed of audit increase by up to 135x.
It's auditing, but doing it cheaper, faster and better.
Based on OnetrAiQ’s core technology for post-transaction audit, the Operator module is designed to act as real time audit intelligence that expedites time to cash. By acting as the equivalent of a “TSA Precheck for transactions, OnetrAiQ’s automation technology streamlines and simplifies accounting anomaly detection, which ultimately reduces human capital costs, increases efficiency, facilitates better joint venture relationships and reduces billing disputes. The energy industry contraction and the COVID-19 pandemic has made this the right time for companies to evaluate anywhere that they can gain an efficiency advantage.
Projects also being developed by ITS include additional revenue leakage searches, including applicable overhead, product revenue deficiencies, and missed cost recovery opportunities.
Property acquisitions and dispositions are regular occurrences in the energy accounting space. The statements of adjustments (often referred to as a “FSOA”) that follow to settle transactions between parties are anything but simple. We designed OnetrAiQ to actively detect coding errors and post-effective date transaction issues, allowing the system to do the time consuming legwork where it comes to FSOA audit.
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