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Alessa Pricing, Features, Reviews and Alternatives

Alessa product overview

What is Alessa?

Alessa is an AML compliance, continuous controls monitoring and fraud detection software that allows organizations to identify suspicious transactions and high-risk customers and vendors in compliance, finance, purchasing, and procurement programs. Alessa's early risk detection tools enable organizations to investigate suspicious activities, make informed decisions, and automatically create an audit trail to maintain compliance with regulations.

Key benefits of using Alessa

Reduce revenue losses due to fraud with the advanced analytics offered by Alessa.
Detect irregular, unusual, suspicious and out-of-policy payments with Alessa's transaction monitoring capabilities.
Maintain effective compliance to anti-money laundering (AML) regulations.
Reduce time spent to investigate and report irregular activities to regulators with automated regulatory reporting.
Reduce the risk of doing business with high-risk individuals and businesses with Alessa's sanctions and watch list screening capabilities.

Typical customers

Freelancers
Small businesses
Mid size businesses
Large enterprises

Platforms supported

Web
Android
iPhone/iPad

Support options

Phone Support
Email/Help Desk
Chat
Knowledge Base

Training options

Webinars
In Person
Videos
Live Online
Documentation

Alessa pricing information

Value for money

4.1

/5

27

Price starts from

No info

Pricing options

Free plan
Subscription
Free trial
Pricing range

Value for money contenders

Alessa features

Functionality

4.2

/5

27
Total Features37 6 categories

Most valued features by users

Reporting & Statistics
Activity Dashboard
API
Compliance Management
Reporting/Analytics
Workflow Management
Real Time Reporting
Real Time Data

Functionality contenders

Alessa users reviews

Overall rating

4.3

/5

27

Positive reviews

81%

Write a review
Rating breakdown
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8.69/10
Rating distribution

5

4

3

2

1

12

10

5

0

0

Pros
What I loved about the company is that it has strong culture with great values. The company takes effort to discuss with employees their personal as well professional challenges.

Ashwini S.

The software is User Friendly. Easy to join the webinar and Q & A section was great.

SB

Sandra B.

We have been satisfied with the effectiveness of Alessa for several years.

Maik H.

Cons
Some frequent errors of the app that difficult the work sometimes.

ES

Edward S.

Up to now I misted nothing. So I have on negative points.

FH

Frank H.

I missing a manuel in german. Own further development is complex.

OB

Oxana B.

Overall rating contenders

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

Share this review:

Cutting edge software

Reviewed 2 years ago

I have worked in Alessa for over five years. What I loved about the company is that it has strong culture with great values. The company takes effort to discuss with employees their personal as well professional challenges.

Pros

Ability to identify and take actions on the flaws or loop holes in the business process and further improve it.

Cons

Every software needs new features. The development team is constantly taking feedback and new user stories to improve the experience and usability.

Vendor response

Hi Ashwini, We appreciate the review! Understanding the customer's business process is an integral part of the process; thank you for highlighting it as a pro. Like any other software, there is always more features that we want to add. We very much depend on people like you to understand the requirements and prioritize their implementation. Thanks again!

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Saves a lot of manual working time due to automatic business processes!

Reviewed 2 years ago

Overall, this software allows us to perform significantly more controls than would be possible manually. Thereby, we significantly improved our compliance and risk management system for accounting and taxation issues.

Pros

This software is easy to learn and use for all responsible employees in the company (in particular employees in our accounting department). So we didn't need to spend much money for user trainings and could start very soon. Furthermore, we saved a lot of working time since implementing this software due to changing many data checks from Manual to automatic.

Cons

Fine tuning of the controls was hard work and it took a lot of time to customize all attitudes to our business specifications. But after this fine tuning was done it works very well and we got the spended time back due to the pros of the automatization process.

Vendor response

Thank you for the detailed review, Christian! We appreciate learning how Alessa allowed you to automate some of your processes and saves time for your employees. It is also very interesting that Alessa allowed you to implement more controls and significantly improve your compliance and risk management for accounting and taxation issues. Thank you for being a customer and providing your perspective on how Alessa helps your organization!

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend6/10

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Alessa

Reviewed 2 years ago

Alessa nos permite tener visibilidad de lo que está pasando en los procesos de negocio y poder aprender del comportamiento del negocio para realizar auditorías mejor enfocadas.

Pros

Lo que más valoramos de la solución que tenemos con Alessa es la automatización que logramos para monitorear controles de procesos de negocio y tener alertas cuando dichos controles tengan un comportamiento inusual.

Cons

El tema de estadísticas debe ser mejorado, la cantidad de datos que Alessa genera permite analizar patrones de comportamiento de las alertas que sin duda aportaría muchísimo valor a los usuarios de la herramienta.

Vendor response

!Gracias por su comentario Gabriela! Nos alegra saber que estas viendo los beneficios de la automatizacion de los procesos de negocio y que eso les permite aprender del comportamiento del negocio para realizar auditorias mejor enfocadas. Algunos de nuestros otros clientes tambien han conseguido los mismos resultados. Con respecto a tu necesidad de mas estadisticas y de mayor profundidad, un miembro...

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Alessa as a Continuous Monitoring Solution

Reviewed 2 years ago

Alessa is an excellent tool which has made its name in the Financial industry as an all-encompassing Anti-Money Laundering solution. The tool looks to adapt to the many changes across different regulations and they have a team that are committed to serve the customer's needs.

Pros

In the software it allows you develop monitoring processes fully customizable to your needs. It is data-driven and contains capabilities for creating an automated ETL as well as workflow management for handling various scenarios.

Cons

The software does require quite a bit of set up and consultation prior to initial use, this is necessary for the customized experience.

Vendor response

Hi Rory, Thank you for the feedback! Being a highly configurable, data-driven software is a must for Alessa since we work with so many types of financial institutions and corporations. Thank you for acknowledging it as a strength of our solution. You are right in that the solution does require set up and consultation prior to initial use. But like you said, that is necessary in order to get a solution that is customized to a customer's needs. Rory, we appreciate your feedback and we look forward to continuing to work with you.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Excelente Opción Alexa

Reviewed 2 years ago

Nos ha permitido dar seguimiento y llevar tiempos en cada fase del proceso, lo que nos permite mejorar la oportunidad y calidad de lo que hacemos.

Pros

Permite un seguimiento al flujo del proceso, cuanta con elementos gráficos que facilitan la toma de decisiones y facilita la operativa de forma organizada.

Cons

La utilización de los procesos de envió y recepción de las alertas por medio de correo electrónico institucional.

Vendor response

!Gracias por el comentario Nelson! Nos alegra escuchar que Alessa les ha ayudado a automatizar los procesos de negocio, a facilitar la toma de decisiones y a mejorar las operaciones. Al parecer esta teniendo un problema para conectarse a su servidor de correo. Dado que hemos podido establecer conexion con servidores de correo en otras organizaciones, creemos que podria tratarse de un problema local. Nuestro equipo le contactara para determinar si podemos ayudarle a diagnosticar la causa. !Gracias de nuevo!

Alessa FAQs and common questions

Alessa has the following pricing plans:
Pricing model: Subscription


Alessa has the following typical customers:
Large Enterprises, Mid Size Business, Small Business


Alessa supports the following languages:
English


Yes, Alessa has an API available for use.


Alessa integrates with the following applications:
Microsoft Azure, SAP Concur, Microsoft Power BI


Alessa offers the following support options:
Phone Support, Email/Help Desk, Chat, Knowledge Base

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