Level III Data
Verification: Unlock Granular Spend Insights
Go Beyond Basic Data:
See Every Line Item for
Unmatched Precision
✓⃝ Proactively eliminate hidden financial risk
✓⃝ Automate compliance with forensic detail
✓⃝ Cut audit workload through granular visibility
The Challenge & The Solution
From Obscurity to Clarity: The Power of Granular Transaction Data
The Challenge of Basic Data
Traditional expense audit solutions typically receive only summary data (Level I/II), obscuring details vital for policy adherence or identifying fraud schemes.
This limited visibility leaves finance teams operating with blind spots, making it challenging to truly verify spend compliance and contributing to undetected financial leakage. You can't manage what you can't see, and high-level data is often not enough to catch sophisticated misuse.
DetectX Solution: Level III Data Verification
DetectX transforms this by pulling detailed line-item transaction data (Level III data) directly from corporate card providers, delivering unparalleled transparency.
This AI-powered capability closes the data gap, providing granular line-item insights that reveal what was purchased, not just where. It delivers the forensic detail needed for pinpoint policy compliance and proactive fraud detection at the Pre-Submission Audit stage.
Precision Audit
Leverage Level III Data. The Audit That Empowers
Unleash the full power of your data with unparalleled transparency into every purchase, enabling pinpoint policy compliance and proactive fraud detection with granular line-item insights.
Precision Policy Checks
Our AI models automatically compare granular line-item data against your corporate policy. Instantly flag purchases like non-allowable accessories on a rental, specific meal items, or unapproved software licenses directly from the transaction feed.
Targeted Fraud Detection
Identify hidden fraudulent activities within transactions. Our AI can spot suspicious itemizations, excessive quantities, or unusual item types that would be invisible with only summary data, enabling proactive fraud prevention.
Automated Validation & Efficiency
Reduce manual workload by automating the verification of itemized expenses. Our system automatically confirms specific purchases align with the expense type claimed, minimizing the need for manual receipt review and increasing audit efficiency.
Early Risk Mitigation & Savings
Catch granular violations at the earliest point. This contributes to significant cost savings, prevents financial leakage, and ensures compliance before problems escalate, directly boosting your ROI in expense management.
Unlocking Strategic Control
Level III Data. The Strategic Advantage
Transform your expense audit with unparalleled transparency and control
Unmatched Visibility:
Gain complete transparency into specific purchases, enhancing spend visibility.
Proactive Policy Enforcement
Automate policy adherence by checking individual line items against configurable rules.
Superior Fraud Detection
Identify hidden fraud schemes and anomalous spend at the most granular level.
Reduced Audit Burden
Minimize manual review and increase efficiency by automating line-item validation.
Maximized Compliance
Ensure compliance with internal policies and regulatory standards.
FAQs
Your Questions Answered on Level III Data Verification
Level III Data Verification refers to the process of examining highly granular, line-item transaction details from corporate card processors. It provides specific information about individual items purchased (e.g., quantities, unit costs), offering deep insights into employee spending.
DetectX uses Level III Data Verification primarily in its Pre-Submission Audit to perform precise, AI-powered policy checks and fraud detection on individual items before an expense report is even submitted. This allows our AI models to identify non-allowable purchases or anomalous spend with unmatched accuracy.
Level III Data Verification is crucial for fraud detection because many fraud schemes are hidden within specific line items. By seeing these details, DetectX's AI can flag suspicious items that would be invisible with only summary transaction data, enabling proactive fraud prevention.
Yes, by automating the verification of granular purchase details, Level III Data Verification significantly reduces manual audit workload. It minimizes the need for human auditors to manually review receipts for itemization, allowing them to focus on true exceptions and increasing overall audit efficiency.
The availability of Level III Data depends on your corporate card provider and the merchant. DetectX works with leading card providers to maximize Level III Data Verification coverage where available, integrating seamlessly to provide the deepest possible spend insights.
Join us for our mission
With rapid advancement in large language models, innovation is accelerating at an unprecedented rate. There will be significant disruptions to traditional ways of working. The coming years will be transformative for corporate spend management and business travel programs.
Join PredictX’s mission to help enterprises thrive and succeed!
Get Started With the Best in Class Expense Audit Solution Today!
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At DetectX, we believe that effective expense management is not just about numbers; it’s about building a responsible culture within your organization. Welcome to the future of expense auditing!