Calculate cost savings for anti-financial crime investigations

This calculator shows how much time and money you could save using Quantexa’s Investigations platform.

Our platform automates manual data consolidation, combines internal and external data, and builds networks of relationships to help your investigators spot more risks, faster. It’s better for your teams, better for your results – and better for your bottom line.

Fill out the details below to see what savings you could generate. The more specific you get, the more accurate your results.

1
Alerts

On average, how many alerts do you generate per year?

More information

Enter the average number of alerts your organization reviews annually.

What percentage of alerts do you escalate from operational reviews to complex investigations?

Here's more detail on that

Enter the average percentage of alerts you escalate from operational reviews or initial triage teams (often called Level 1) to more complex investigations (such as Levels 2 or 3, or within special investigation teams). If you’re not sure, our estimate is 40%. This is the average escalation rate based on our experience with large multinational financial services institutions.

2
Employees

What’s the fully loaded cost of a full-time operational (L1) investigator?

What does this mean?

Enter the average salary of your full-time operational (L1) investigators. A fully loaded cost includes your employee’s salary, bonuses, overtime and benefits, as well as all overheads (like equipment and desk space). It’s the total sum of what each employee costs your organization.

What’s the fully loaded cost of a full-time complex (L3) investigator?

What does this mean?

Enter the average salary of your full-time complex investigators (L3). A fully loaded cost includes your employee’s salary, bonuses, overtime and benefits, as well as all overheads (like equipment and desk space). It’s the total sum of what each employee costs your organization.

One full-time employee’s average number of days worked, per year:

How did we calculate this?

We took the average number of working days a year, minus weekends and days for vacation, illness and training. This equals 105,600 minutes, based on eight hours in a working day. This may be different for your organization depending on your business and location.

3
Investigation time

How long does an operational (L1) review/investigation take, on average?

More information

Enter the average time your people spend on an operational (or L1) investigation. If you’re not sure, we recommend using 60 minutes.

How long does a complex (L3) investigation take, on average?

More information

Enter the average time your people spend on a complex (or L3) investigation. If you’re not sure, we recommend using 600 minutes.

4
Potential effort with Quantexa

Our platform can significantly reduce the manual effort for both operational reviews and complex investigation processes.

Click here to learn how

Our platform reduces effort by:

  • Building an automated single view of each customer or counterparty
  • Adding richer counterparty research automatically
  • Eliminating the swivel-chair investigation approach
  • Building and presenting networks of related entities automatically
  • Providing an interface for thematic reviews and analysis
  • Automating risk scoring and detection
  • Reducing the likelihood of missing hidden risks

Use this information to work out how much effort we can save your investigators.

What is the expected effort reduction for operational reviews/investigations?

Tips for working this out

Use these examples to estimate how much manual work you could replace.

  • 35%: Automatic consolidation and prioritization of 3rd party alerts into networked cases, reducing the number of overall investigations needed.
  • 50%: The above plus automatic enrichment with internal data to prevent the need to consult multiple internal systems.
  • 65%: The above plus automatic enrichment with external data and no need to consult external systems.
  • 80%: The above plus the use of Quantexa risk scores, mitigating factors to discount or prioritize alerts.

What is the expected effort reduction for complex investigations?

Tips for working this out

Use these examples to estimate how much manual work you could replace.

  • 30%: Improve investigations by creating an automated single view of customer/counterparty and eliminating the swivel-chair investigative approach.
  • 60%: The above plus counterparty research and an interface for thematic reviews and analysis.
  • 80%: The above plus automated network link analysis, automated risk scoring/detection, and a reduction in missing hidden risk.

Most organizations we work with are at 70% or above.

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You can save…

XXX,XXXX,XXX

over one year

Breakdown of your current costs

Based on what you told us, your costs come to:

Operational:

Complex:

Total for one year:

Breakdown of potential savings

Time savings:

Operational: minutes

Complex: minutes

Cost savings:

Operational:

Complex:

And over three years, you could save:

XXX,XXXX,XXX

This calculator is a guideline only, and shows the potential time and cost savings you could achieve using our platform. If you’re interested in working together, we can build more detailed figures tailored to your business.

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Cost savings over three years

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Finished your calculations above?

Read on for more advice

How to reduce costs for anti-money laundering investigations

Your anti-financial crime investigators have to gather data from multiple internal and external systems to spot patterns of high-risk activity. But this manual data consolidation wastes time and means your best people carry out low-value work. Plus, it adds growing costs to your compliance programs.

 

And even when your investigators find all the relevant information, they lack the technology to consolidate it into a single view. This means risky activity can fall through the cracks and more time is spent repeatedly quality-checking investigations.

Using our platform you can conduct investigations up to 80% faster.

The platform creates a single view of all customers and counterparties by automatically aggregating billions of data records from internal and external sources. So you can eliminate time-intensive manual research and data gathering, and let investigators focus on identifying and exploring patterns of risk.

 

Save your team time by avoiding a swivel-chair approach to investigations. Our platform brings all information into a single system, automatically. Likewise, investigators don’t have to manually create networks of related entities: the platform does this automatically and presents them in a network view.

 

You also reduce the chance of missing hidden risk, as our network approach surfaces risks among a counterparty’s web of relationships.

 

Our platform reduces the amount of time it takes to investigate and review alerts, and improves the quality of alerts too. Which means you save time, reduce false positives, and free up valuable resources—letting you detect more risks, faster, and with more accuracy.

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