What is Verafin Suite?
Verafin is a consolidated financial crime detection and complaince automation solution that helps financial institutions maximize their technology investments by helping to automate and strengthen BSA/AML and anti-fraud program processes.
Company Details
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Real user data aggregated to summarize the product performance and customer experience.
Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.
78 Likeliness to Recommend
89 Plan to Renew
73 Satisfaction of Cost Relative to Value
Emotional Footprint Overview
Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.
+79 Net Emotional Footprint
The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.
How much do users love Verafin Suite?
Pros
- Respectful
- Transparent
- Security Protects
- Caring
Cons
- Less Efficient Service
How to read the Emotional Footprint
The Net Emotional Footprint measures high-level user sentiment towards particular product offerings. It aggregates emotional response ratings for various dimensions of the vendor-client relationship and product effectiveness, creating a powerful indicator of overall user feeling toward the vendor and product.
While purchasing decisions shouldn't be based on emotion, it's valuable to know what kind of emotional response the vendor you're considering elicits from their users.
Footprint
Negative
Neutral
Positive
Feature Ratings
Transaction Monitoring
Credit Risk Management
Market Risk Management
Fraud Management
Cheque Management
Anti Money Laundering
Policy Management
Stress Tests
Asset Liability Management
Analytics and Reporting
Regulatory Compliance and Audit
Vendor Capability Ratings
Availability and Quality of Training
Quality of Features
Business Value Created
Breadth of Features
Product Strategy and Rate of Improvement
Ease of Customization
Ease of Implementation
Ease of IT Administration
Usability and Intuitiveness
Ease of Data Integration
Vendor Support
Verafin Suite Reviews
Sharma Y.
- Role: Finance
- Industry: Consulting
- Involvement: End User of Application
Submitted Oct 2022
Distinguished Financial Management Platform.
Likeliness to Recommend
What differentiates Verafin Suite from other similar products?
Verafin Suite has streamlined the financial risk control measures, which is an authentic way of enhancing consistent growth.
What is your favorite aspect of this product?
Verafin Suite has issued strategic cost assessment and valuable business support.
What do you dislike most about this product?
Verafin Suite is a dedicated platform for financial risk control.
What recommendations would you give to someone considering this product?
Verafin Suite has progressively enhanced the financial management capacity of a firm.
Pros
- Continually Improving Product
- Performance Enhancing
- Unique Features
- Efficient Service
Ellie B.
- Role: Information Technology
- Industry: Technology
- Involvement: End User of Application
Submitted Sep 2022
Best fraud management software.
Likeliness to Recommend
What differentiates Verafin Suite from other similar products?
The merchandise is simple to use and understand. Offers us a clear image of the client that we didn’t have before the mistreatment of this product. It conjointly helps our CSR team in creating vital selections additional easily, arming them with facts concerning the transaction versus simply guesses.
What is your favorite aspect of this product?
I love that verafin covers all the bases once it involves verification for new business customers at our branch. It breaks down all the sections well and tho’ it’s lengthy, it’s thorough. It’s easy to use, integrates seamlessly with Magento, and saves us money, chargebacks are a factor of the past. Particularly like that, you can ask for a review if something doesn’t seem right with dealing and you want it double-checked.
What do you dislike most about this product?
The sole step that I disliked was once opening an account, having to manually go back to attach numbers and link it rather than having that automatically bring it in when the questionnaire is completed. I want this could be efficient in the future if possible.
What recommendations would you give to someone considering this product?
Verafin suite offers us the peace of mind that we’ll not have any chargebacks. It permits us to deal with a lot of important issues. Before verafin suite, we’d spend countless hours doing the work ourselves. Also, the verafin suite is integrated into your shopping cart if you have a decent IT team. I counsel this application.
Pros
- Caring
- Respectful
- Altruistic
- Generous Negotitation
Dennis N.
- Role: Finance
- Industry: Manufacturing
- Involvement: End User of Application
Submitted Jul 2022
Consolidated Risk Assessment Platform.
Likeliness to Recommend
What differentiates Verafin Suite from other similar products?
Verafin Suite is a quality application that evaluates all the financial risks that a business carries, and this increases the planning power of the company
What is your favorite aspect of this product?
Verafin Suite is the progressive risk assessment platform, that allows businesses to have the solid investment plans.
What do you dislike most about this product?
Verafin Suite has streamlined the accountability and the proficiency of the firm, with substantial allocation of resources.
What recommendations would you give to someone considering this product?
Verafin Suite is a qualified application that allows businesses to increase the financial efficiency of the firm
Pros
- Helps Innovate
- Enables Productivity
- Unique Features
- Efficient Service