# Forestpin Analytics Reviews 2026. Verified Reviews, Pros & Cons | Capterra

> Is Forestpin Analytics the right Financial Risk Management solution for you? Explore 39 verified user reviews from people in industries like yours to make a confident choice.

Source: https://www.capterra.com/p/167492/Forestpin-Analytics/reviews

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Forestpin Analytics

4.8 (39)

Provider data verified by our Software Research team, and reviews moderated by our Reviews Verification team. [Learn more](https://www.capterra.com/our-story/)

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Last updated March 13th, 2026

# Reviews of Forestpin Analytics

Ease of use

4.7

Customer Service

4.8

## Pros and Cons in Reviews

GM

Gayan M

Risk OfficerFinancial Services, 201 - 500 employeesUsed the software for: Less than 6 months.

“The ease of use and the ability to customise according to our requirements“

July 1, 2022

## Showing most helpful reviews

Showing 1-25 of 39 Reviews

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Most Helpful

Rating

Company Size

Reviewer's Role

Length of Use

Frequency of Use

Rafael B.  
Jefe del departamento de Oceanografia  
  
Used the software for: 2+ years

### "Excellent software that allows you to easily filter and detect outliers. "

May 8, 2018

4.0

It has allowed me to optimize the activities related to the early and rapid detection of "suspicious" or "anomalous" data, especially those associated with extreme events, which in turn has allowed me to more rigorously support the possible exclusion or not of said data from the database analyzed.

Pros

Its extreme ease of use, coupled with the very high speed with which it analyzes large volumes of data, make it a highly valued software. The high capacity to detect and identify anomalous data within a large data set, as well as the visualization of its results in personalized dashboards, I find very useful, especially for the purposes of audits and systematic controls of the data analysis process.

Cons

Although in terms of data processing I think it is an excellent software, I think there is a lot of improvement field regarding the presentation on the screen and export of the graphics obtained to other applications. In reference to this I think you can improve what refers to the editing and view of the board, since it is difficult to "navigate", especially when you want to run a new test. Another relevant aspect for my field of work is the inability to download the graphics that are displayed on the screen, allowing in the best case to make a "Print screen", with the aggravating circumstance in many cases that the size and style of the texts incorporated within the graphics, are not necessarily the desired, so to incorporate such graphics in a personalized presentation, you have to do a lot of extra work.

Review Source

Pumudika Hasani A.  
Deputy Group Management Accountant  
Hospital & Health Care  
Used the software for: 1-2 years

### "Detecting outliers made easier "

September 23, 2020

5.0

Daily usage of the software brings more light on the business processors of the organization and what needs to be improved at the ground levels.

Pros

The software allows to analyze a large volume of data and detect any outliers based on the analysis. It is also built with machine learning where the patterns and trends in data are learnt from the customer inputs which is incorporated in the decision making. User friendly once used to the methods practiced in the software and is helpful in real time decision making for the organization.

Cons

If the software could provide a facility to download analytics reports it would be an added advantage.

Review Source

GS

Gunasinghe S.  
Process Controller  
Leisure, Travel & Tourism  
Used the software for: 1-2 years

### "Customizing the analysis of company specific data sets for management information & decision making"

April 17, 2018

3.0

\- Prompt identification of outlier transactions as the alerts are triggered when unusual transaction occurs. - All transactions that are processed in the business applications goes through mathematical and statistical tests that will provide added security. - Greater accuracy of accounting information. - Deterrence among staff to manipulate information. - Enhances share holder confidence and for the senior management to gain comfort on internal control mechanism.

Pros

All transactions that are processed in the business applications goes through mathematical and statistical tests that will provide added security.

Cons

\- Prompt identification of outlier transactions. - Greater accuracy of accounting information. - Deterrence among staff to manipulate information.

Review Source

pC

priyan C.  
Senior Manager Information Security  
Financial Services  
Used the software for: 2+ years

### "Easy tool to detect anomalies in large datasets"

June 17, 2022

5.0

We mostly use alerts to capture anomalies in live datasets and inform respective officers to take immediate actions.

Pros

This tool is very user-friendly and the different data representations provide more visibility on large data sets.

Cons

To read some visualizations users should have mathematical and analytical knowledge.

Review Source

VR

Verified Reviewer  
Head Of IT  
Health, Wellness and Fitness  
Used the software for: 6-12 months

### "Forestpin Usage "

September 15, 2020

4.0

Good and happy.

Pros

Ease of use. Transparent Informative User collaboration at all levels ( on how it setup ) so sort out a finding

Cons

Configuration takes time and requires significant technical know how Licensing need to start from at least 10 users

Review Source

Response from Forestpin

October 8, 2020

The number of licenses depends on the number of users, an Enterprise with multiple sites, may require at least two licenses per site. If the data is available the config takes little time. For standard systems like SAP or ORACLE the time taken is short since the data is available. If the client has a bespoke system developed by a third party, the time is dependent on the response of the third party bespoke software vendor.

Arjuna S.  
Senior Consultant  
  
Used the software for: 6-12 months

### "Superb. "

April 14, 2018

5.0

Pros

An excellent product that addressed a critical analytical need of organizations with large transaction volatility. The analytics are truly exceptional for anomaly detection. I also found the collaboration functions useful for my distributed network of business locations.

Cons

There is little to complain about with this software since so far, it has performed up to my expectations and has delivered on its promise.

Review Source

Champ M.  
Chief Data Scientist  
Accounting  
Used the software for: 6-12 months

### "Forestpin Analytics is an ideal tool to identify outliers "

April 15, 2018

5.0

This is ideal to identify shortcomings in payments, identify fraudulent uses, discrepancies in financial handling via outliers.

Pros

East of use. Customizable Dashboard. Clear Graphics and visualization. Data Integration and deployability in different geographical sparsed locations.

Cons

There is no specific shortcomings seen. All seems to be integrated and working fine. Looking forward to see the presence in Australia soon.

Review Source

Ian R.  
Co-owner and Director of Strategy  
  
Used the software for: 1-2 years

### "Rolling analysis of customer spend against a marketing programme."

April 9, 2018

5.0

Enhanced ways of looking at customer profitability.

Pros

It's not the usage so much as the benefits it gives. Partnering with a loyalty programme (mobile or card), purchase analysis against demographics and marketing programme efficiency analysis are the 3 key areas for me. To be able to go so deep into the purchase possibilities and opportunities and have it presented in a clear and east-to-view manner is refreshing.

Cons

The inability to export graphs into ppt. The small type size of the on screen reports make it a little difficult to read for the 50+ user.

Review Source

Varuni S. F.  
Business Manager  
  
Used the software for: 1-2 years

### "Super tool to analyse survey response. "

April 8, 2018

5.0

I upload csv files of survey results and use the default dashboards that get created to analyse data. Once the fields are mapped to numbers, dates and ID's automatic dashboard with a lot of options gets created.

Pros

I like the way the editable dashboards are automatically created with after mapping fields. One the default Dashboard gets created after I upload data. I can copy and make dashboard and edit it. When I upload survey responses from the csv file. I can do all my work with the default dashboard which gets created.

Cons

There are a of complex tests with names like compare timelines correlation, I wish they have a lot more youtube clips explaining the product .

Review Source

Sumeda Samuel D.  
SAP Maintenance Planner  
Facilities Services  
Used the software for:

### "Forestpin is an excellent tool for detecting abnormal data in a large data set. "

April 13, 2018

5.0

Pros

Ease of finding abnormalities in extemely large data sets and being able to analyse the data at a much higher level

Cons

Haven't come across anything I didn't like. Probably would be good to see some fuzzy-logic and AI embedded for the option of pattern recognition and further analysis on data quality also

Review Source

MW

Maheshi W.  
AM - Group Business Process Review  
Civic & Social Organization  
Used the software for: 2+ years

### "This a very user friendly tool which gives you real time information for management decision making."

April 10, 2018

5.0

Pros

1\. User friendly tool 2. User doesn't need to understand the logic behind the tests to use it 3. Availability of different types of tests 4. Availability of an adhoc tool for us to upload data and evaluate.

Cons

1\. It allows only to take screen shots of the graphs therefore, we are unable to download it (graphs )directly from the dashboard.

Review Source

RD

Ravi D.  
Project Manager  
  
Used the software for: 2+ years

### "An innovative software application that makes investigations easy."

April 15, 2018

5.0

Pros

\- Ease of use - high speed analysis of large volumes of data - intuitive graphical reporting - application support

Cons

\- not very flexible when it comes to customisations. - identifies good records along with the fraudulent ones.

Review Source

LG

Lakmali G.  
Senior Manager - Actuarial  
Insurance  
Used the software for: Less than 6 months

### "It gives me the flexibility and convenience working with large databases repetitively. "

April 16, 2018

5.0

Pros

Speed when working with very large databases/files. Ease and accuracy in forensic data analytics, etc

Cons

Would be super if we could perform simple calculations under adhoc analysis although the main purpose is outlier/forensic analysis.

Review Source

SP

Shoma P.  
Associate Forensic Data Analyst  
Accounting  
Used the software for: 2+ years

### "Usage of Forestpin Analytics "

June 28, 2022

4.0

Attractive visualisation The option to add busines specific criteria or threshold is an advantage.

Pros

The different type of tests and outputs. The option to input any data and check on the trends and petterns.

Cons

Restriction to download data which has more than 24000 records

Review Source

IN

Imtiaz N.  
Assistant Manager - Forensic Data Analyst  
  
Used the software for: 2+ years

### ""This is an extremely valuable tool. The deterrence factor will keep everyone in line""

April 4, 2018

5.0

Pros

The Artificial Intelligence component which really helps to improves the quality of outliers triggered. The workflow mechanism which adds assurance to the senior management team/ Auditors and audit committees. Ad-hoc capability which allows users to upload any data and analyze on their own. It provides business units access to detail information by way of a click of a button. No human intervention required, as the statistical and Mathematical models in-built will help management to identify outliers.

Cons

Software does not allows to download graphs which I believe is a useful feature for management to use for various presentations and forums.

Review Source

RR

RAYMON R.  
Consultant  
Financial Services  
Used the software for: 2+ years

### "Well designed. User friendly. "

April 13, 2018

5.0

Anomaly detection in the course of forensic accounting exercises / fraud investigation.

Pros

Eliminates the reliance on IT personnel. User friendly and works on any viable platform / gadget. The software can be used by anyone without an IT or accounting background. Its ease in data importing, variable selection and dashboard customization is out of this world. Many competitors are left behind due to the mere fact that scripting is no more a requirement and user experience is given the attention it needs. Thumbs up to the developers.

Cons

Inability to generate standardized report upon computation. Believe more upgrades to the system may add to it.

Review Source

HN

Hisham N.  
Head of Business Process Review/Internal Audit  
  
Used the software for: 1-2 years

### "A good tool that anyone can use, to focus on what really matters. i.e. the data. "

April 9, 2018

4.0

Pros

Multiple tests, each giving differential visual perspectives depicting varying contexts which will help the user, to quickly identify potential outlier/s & within a few clicks, zero in, on the transaction/s, for further investigation. The quality of output improves, as the transaction population increases and the new-normal is always dynamic (vs. user parameter driven) and is contingent upon the operating context that is reflected by the transaction throughput upon which potential outliers are presented.

Cons

Whilst data volumes are essential to deliver statistical rigor, in light of changing operating circumstances, dated data has the potential to skew the quality of outputs. As such, the tool would benefit by having built-in algorithms that identify the optimal data volumes and trigger a data purging mechanism on the data whose relevance is reduced, within the current circumstances.

Review Source

TA

Tharindu A.  
Executive - Risk and Control  
  
Used the software for: 2+ years

### "A great product with a great team. "

April 13, 2018

5.0

Pros

It is a great fit for internal auditors and finance managers to identify irregularities of the data sets. Product is very easy to use and responsiveness of the team is great. Analytics such as time series, correlations, Benford's law test and duplication test have been highly used in planning stage of the audits. Specialties of the product are editable dashboards and the ability to perform multiple tests simultaneously.

Cons

Reports only can be converted to csv files. It is more continent, if it can be converted to excel files.

Review Source

GM

Gayan M.  
Risk Officer  
Financial Services  
Used the software for: Less than 6 months

### "Overall a great software which is user friendly and customisable"

July 1, 2022

5.0

Overall a good experience.

Pros

The ease of use and the ability to customise according to our requirements

Cons

The graphical representations of data could be slightly improved to derive more meaning and for ease of reference

Reason for choosing Forestpin Analytics

Not many similar products at this cost is available in the market. We felt this is a good software with a moderate price which suits our purpose of mnitoring suspicious transactions.

Review Source

AH

Amila H.  
Manager Business Inelligence  
Financial Services  
Used the software for: 1-2 years

### "Forrest Pin analytics in IT perspective"

June 17, 2022

5.0

We have almost two years user this Forrest Pin SW. It has a intelligent learning part so that most of the risk basis actions to be taken without any delay.

Pros

This is a very good intelligent software most of the Financial Risk Management are covered with this.

Cons

Analytic Part of the Forrest Pin should be improved to enable the user to analyse the business critical arears

Review Source

DS

Dil S.  
Sr, Accountant  
Real Estate  
Used the software for: 1-2 years

### "User friendly and easy to detect irregularities without going into detailed reports."

April 15, 2018

5.0

Timely information on errors , duplication of transactions etc. Improve on internal controls

Pros

Ability to identify issues (if any) then and there without waiting for the year end or audit observations Easy access to detailed information / graphs etc. Ad-hoc reports

Cons

showing repetitive transitions as a possible error. eg - rent payment - every month it's the same amount and system identifies it as a duplicate payment. each time clarifications has to be provided. inability to download information if necessary for management info

Review Source

YM

Yuvaraj M.  
Associate  
  
Used the software for: 1-2 years

### "Simple and effective. Test results are easily filtered and segregated without any form of scripting"

April 2, 2018

5.0

Improved business analytics for partners firms and own firm.

Pros

The possibilities of the test are endless in terms of comparing and segregating groups of data. Two to three analysis can be combined to obtain specific trends anomalous transactions. Multiple datasets can be analysed simultaneously and all datasets used in project ends up giving the dashboard a n "ecosystem" feel. This is where information can be filtered based on data in one dataset A to view the results of the analysis based on information in dataset B. In terms of data, we have had no issue testing it up to 500,000 entries without any implication to the speed of analysis.

Cons

Takes a bit of time before you get used to the interface. Although tests and algorithms are embedded into the back end of the system, a user would need time to understand the logic behind the way a particular test is run.

Review Source

RP

Rohana P.  
Manager Finance  
Telecommunications  
Used the software for: 6-12 months

### "My experience with Forestpin is really good and exciting"

April 12, 2018

5.0

Pros

the analytics provided by this software is really good and I gives us the ability to see the relationships among functions

Cons

There are a lot of s analysis which is in similar nature if they can appropriately consolidate those areas it will enhance the user applicability.

Review Source

SW

Sahan W.  
Manager - Engineering & Projects  
Textiles  
Used the software for: 6-12 months

### "A real gem of a software in terms of in-depth data analysis ... "

April 15, 2018

5.0

Its user friendly, give a varied output of analytical results, and as a key analytical software, is highly useful in internal company audits.

Pros

The use of multiple tests across the board by this software ensures that the required data that's to be analysed is done in many contexts. This allows the software to pin point any anomaly efficiently to the user. Extremely useful during internal audits.

Cons

it would be good if all key reports given in the dashboard are made downloadable, as this would help the user in constructing internal company reports through data from the software rather than take screenshots of each chart.

Review Source

VR

Verified Reviewer  
Lecturer  
Higher Education  
Used the software for: Less than 6 months

### "Convenient and easy to use "

April 9, 2018

5.0

Pros

Real applications into analytics and below are some of the tests i found interesting: 01) Time Series view 02) Composition 03) Box View 04) Quadrant view

Cons

I feel the arrangement of the dashboard need a bit of improvement as sometimes it is difficult to recognize the proper chart/table corresponding to test.

Review Source

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