We believe that big data technologies and artificial intelligence can help government agencies increase financial compliance for the benefit of their citizens.
Why we’re here
What we do
Verus is a data analytics company that finds, saves, and recovers money for government agencies and its citizens. Our analytic, recovery, and audit solutions are typically turn-key, require no up-front costs, and are easy to integrate with existing systems. To build them, we’ve developed three core capabilities:
Big data and artificial intelligence technologies for securely analyzing, matching, and appending massive amounts of data in service of domain-specific business rules
Ability to identify, quantify, and verify funds owed or due to be reported to governments and their citizens
Ability to navigate complex legal and regulatory issues at the state and federal level
Where we’re going
We got our start by helping states and their citizens recover unclaimed property from large life insurers. Within a few years of our launch we had recovered billions of dollars of previously unreported unclaimed property, leading to major changes in how the life insurance industry identifies and pays death benefits (see “The Verus Financial Story: Inside the auditing firm that shook the pillars of the life insurance industry“).
Since our beginnings in unclaimed property, we’ve significantly expanded our scope. We now offer services to help state government agencies address multiple financial priorities, including solutions for identifying tax evasion, avoiding improper payments, and reducing Medicaid waste.