PROVEN reconstructs a company’s profit‑and‑loss statement and cash‑flow directly from source documents, giving private‑equity, venture‑capital and private‑credit investors verified financials rather than management‑reported numbers. By rebuilding each figure from original evidence and maintaining a traceable audit trail, the platform provides transparent, source‑verified financial data for more reliable investment decisions.
Funding
Funding not disclosed
Founders
Product
Problem
Private equity, venture capital, and private credit investors rely on management‑reported financial statements that are unverified, sampled infrequently, and lack a clear audit trail. This creates hidden variance between reported earnings and actual cash flows, leading to delayed detection of financial discrepancies and increased risk in investment decisions.
Solution
PROVEN provides a financial reconstruction engine that rebuilds a portfolio company’s profit and loss statement and cash flow statement directly from source documents such as bank statements, invoices, and transaction records. By tracing every line item back to its original evidence, the platform delivers a source‑verified view of actual financial performance, independent of management’s reporting. The rebuilt statements are generated on a monthly cadence and reconciled against the company’s reported figures, surfacing material variances with documented evidence. This continuous verification layer operates alongside existing accounting systems, audits, and reporting processes, enabling investors to conduct more accurate due‑diligence and ongoing monitoring without replacing existing controls. The output is formatted for presentation to investment committees, credit committees, and auditors, providing a reliable basis for decision‑making.
Target Audience
PROVEN is intended for investment professionals at private equity firms, venture capital funds, and private credit lenders who need independent verification of portfolio‑company financials throughout the investment lifecycle.
Features
- Automated ingestion and parsing of source financial documents (bank feeds, invoices, receipts) to extract transaction data
- Monthly reconstruction of P&L and cash‑flow statements directly from source evidence
- Variance analysis that highlights and documents differences between rebuilt and management‑reported numbers
- Secure, tenant‑isolated cloud infrastructure with encryption in transit and at rest, meeting SOC 2 Type II and ISO 27001 standards
- Read‑only data processing model that preserves client ownership of all financial data
- Exportable reports designed for investment and credit committee review, including reconciliations and material variance summaries