Welcome to Powerlytics Payroll & Benefits Verification Score and Estimation demonstration page. The Powerlytics Payroll & Benefits Verification Score and Estimate can be leveraged to assist with Payroll Protection Program loans under the CARES Act, from both an underwriting/fraud detection perspective as well as due diligence prior to providing loan forgiveness.
The Scores and Estimations are developed by using Powerlytics proprietary database of the financial statements of over 30 million small businesses that is underpinned by the tax returns of those businesses. When Powerlytics is provided the prospective company’s Industry (i.e. NAICS code), their ZIP code, their estimated size range (sales or number of employees) and if available their legal form of organization (Corporation, Partnership or Sole Proprietorship) they will provide a 1 – 10 score back with an overstatement/understatement indicator and an estimate of the total payroll and benefits of the company which can be used as a reasonableness check prior to disbursing funds or forgiving the loans in addition to post funding fraud or compliance testing.
For more details, contact your Powerlytics sales representative or contact us at sales@powerlytics.com.