Alessa Pricing, Features, Reviews & Comparison of Alternatives

Alessa

Compliance management and fraud prevention software

4.26/5 (27 reviews)

Alessa 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.

Alessa is a versatile and modular solution that can be quickly integrated with existing infrastructure and scales with organizations as their size and needs grow. It also offers in-depth functionalities, which allows organizations to use one solution for all their continuous controls monitoring, compliance, and fraud prevention needs.

Alessa includes advanced, AI-driven analytics to detect complex fraud schemes across departments and systems. It provides simple and configurable workflows that guide employees through policies and processes. The case management tools can be used across multiple departments for investigations, remediation, and enrolling the entire organization in a culture of compliance.
www.caseware.com

Pricing

Pricing options
Subscription
Value for money
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Devices

Business size

S
M
L

Markets

United States, Canada, United Kingdom, Australia, Germany, Mexico

Supported languages

English, German, Spanish
Alessa screenshot: Alessa dashboardAML Compliance with Alessa - 1 minAlessa screenshot: Alessa report detailsAlessa screenshot: Alessa suspicious transactionsAlessa screenshot: Alessa prospect profileAlessa screenshot: Alessa screening reportAlessa screenshot: Alessa due diligenceAlessa screenshot: Alessa message centerAlessa screenshot: Alessa regulatory reportsAlessa screenshot: Alessa screening history

Alessa user reviews

Value for money
Features
Ease of use
Customer support
  4.1
  4.1
  4.3
  4.5
Ashwini Sunil

Cutting edge software

Used daily for 2+ years
Reviewed 2020-05-15
Review Source: Capterra

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.

Response from CaseWare RCM


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!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Christian Sielaff

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

Used daily for 1-2 years
Reviewed 2020-06-25
Review Source: Capterra

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.

Response from CaseWare RCM


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!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Gabriela Quirós

Alessa

Used daily for 6-12 months
Reviewed 2020-05-29
Review Source: Capterra

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.

Response from CaseWare RCM


!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 de nuestro equipo te contactara para ver si los reportes con los que Alessa cuenta asi como la capacidad de crear otros personalizados utilizando SQL Server Reporting Services podria ayudarte a obtener los resultados deseados. Tambien tenemos nuevas capacidades para generar visualizaciones y tableros de control directamente desde los datos almacenados en Alessa que podrian interesarte. !Gracias de nuevo!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 6/10

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Stephanie Cote

good support

Used daily for 1-2 years
Reviewed 2020-10-14
Review Source: Capterra

Overall it has been a good experience. The support team is great.

Pros
Anytime we have had an issue with it being down or slow the response has been very quick and the issues are resolved quickly

Cons
There is some functionality that is not possible with Alessa.

Response from CaseWare RCM


Thank you for the review, Stephanie! We are glad to hear that you find that our support team is knowledgeable and quick to resolve any issues. We are always willing to help!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 7/10

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Rory Barrett

Alessa as a Continuous Monitoring Solution

Used daily for 2+ years
Reviewed 2020-05-12
Review Source: Capterra

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.

Response from CaseWare RCM


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.

Rating breakdown

Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Alessa pricing

Pricing options
Subscription
View Pricing Plans

Please contact CaseWare directly for pricing details.

Alessa features

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

Accounting Integration (184 other apps)
Accounting Management (217 other apps)
Audit Trail (165 other apps)
Automatic Notifications (189 other apps)
Billing & Invoicing (217 other apps)
Customizable Reporting (191 other apps)
Data Import/Export (218 other apps)
Electronic Payments (193 other apps)
Expense Tracking (175 other apps)
Financial Analysis (161 other apps)
Invoice Management (260 other apps)
Invoice Processing (175 other apps)
Multi-Currency (183 other apps)
Third Party Integration (260 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Videos and tutorials

Additional information for Alessa

Key features of Alessa

  • Behavioral Analytics
  • Check Fraud Monitoring
  • Compliance Reporting
  • Compliance Tracking
  • Custom Fraud Parameters
  • Identity Verification
  • Internal Fraud Monitoring
  • Investigator Notes
  • Loan Application Screening
  • PEP Screening
  • Pattern Recognition
  • Risk Management
  • SARs
  • Transaction Approval
View All Features

Benefits

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.