Alessa 2026: Benefits, Features & Pricing

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On this page

Overview
Pricing and Plans
Features
Integrations
User Reviews

Overview

Alessa

4.3

(28)

Pricing

Starting at $0.01 per year

About Alessa

Alessa is an anti-money laundering (AML) compliance software that helps businesses in banking, finance, insurance, retail and other industries streamline operations related to due diligence, sanctions screening and transaction monitoring. The procurement monitoring module enables organizations to use investigation and remediation tools to monitor transactions and block suspicious activities.

Alessa lets leaders track activities and transactions across corporate purchases and credit cards to detect anomalies, personal purchases, policy violations and other misuses. With the sanctions screening module, users can conduct on-demand, periodic, or real-time screening to evaluate and remediate risks. Additionally, the regulatory reporting tools enable regulators to auto-populate, validate and electronically submit currency transaction, suspicious activity and suspicious transaction reports.

Alessa comes with an application programming interface (API), which allows businesses to integrate the system with several third-party solutions. Pricing is available on request and support is extended via phone, email, video tutorials and documentation.

Alessa Screenshots

Alessa Pricing and Plans

Starting price: $0.01 per year

Free Trial

Free Version

Basic

$0.01

per year

No plan information available

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Alessa Features

Popular features found in Compliance
Access Controls/Permissions
Archiving & Retention
Audit Trail
Corrective and Preventive Actions (CAPA)
Document Management
Incident Management
Monitoring
Regulatory Reporting
Risk Management
Training Management
Version Control
More features of Alessa
Activity Dashboard
Alerts/Notifications
AML Compliance
API
Behavioral Analytics
Case Management
Check Fraud Detection
Compliance Management
Compliance Tracking
Configurable Workflow
Customer Accounts
Custom Fraud Rules
Dashboard
Data Discovery
Data Management
Financial Transaction Approval
For Banking
For Insurance Industry
Fraud Detection
Identity Verification
Internal Fraud Monitoring
Investigation Management
PEP Screening
Performance Metrics
Real-Time Analytics
Real-Time Data
Real-Time Monitoring
Real-Time Notifications
Real-Time Reporting
Reporting/Analytics
Reporting & Statistics
Risk Alerts
Risk Analysis
Risk Assessment
Risk Reporting
Risk Scoring
SARs
Transaction History
Transaction Monitoring
Watch List
Workflow Management

Alessa Integrations

Microsoft Power BI

SAP Concur

Microsoft Azure

LSEG Risk Intelligence

Alessa User Reviews

Overall Rating

4.3

Ratings Breakdown

46%

36%

18%

Secondary Ratings

Ease of Use

4.3

Value for money

4.1

Customer support

4.5

Functionality

4.1

Ashwini S.

Verified reviewer

Financial Services

10000+ employees

Used daily for more than 2 years

Reviewed May 2020

Cutting edge software

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.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

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.

Vendor Response

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!

Replied May 2020

Christian S.

Verified reviewer

Education Management

1001-5000 employees

Used daily for less than 2 years

Reviewed June 2020

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

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.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

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.

Reasons for choosing Alessa

We needed a more standardized and automatic solution with regular and revision-proof controls.

Vendor Response

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!

Replied June 2020

Leigh-ann B.

Verified reviewer

Investment Management

201-500 employees

Used daily for more than 2 years

Reviewed May 2020

NEXT LEVEL TRANSACTION MONITORING SOFTWARE

ALESSA HAS ADDED SO MUCH VALUE TO MY TEAM'S ABILITY TO EFFECTIVELY MONITOR TRANSACTIONS AND TO ASSURE OUR STAKEHOLDERS THAT WE HAVE OVERSIGHT OVER ALL TRANSACTIONS.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

ALESSA IS USER FRIENDLY AND THE CUSTOMER SERVICE IS EXCEPTIONAL.

Cons:

VOLUMINOUS ALERTS ARE BEING GENERATED AS THERE ARE MULTIPLE ALERTS PER TRANSACTION. ALSO, WOULD BE PREFERABLE TO SELECT A CLIENT AND ADDRESS THE ENTIRE RANGE OF ALERTS AT THE SAME TIME.

Vendor Response

Hi Leigh-Ann! Thanks for the great comments! We are so glad to hear that you are able to effectively monitor and oversee all your transactions. With regards to your comment about the number of alerts and how to group them, I think you will be happy with the newest Alessa release. Our team in your region (we think they are fantastic too!) is going to reach out to you. Leigh-Ann, thanks again and it is a pleasure to have you as a customer.

Replied May 2020

Rory B.

Verified reviewer

Information Technology and Services

11-50 employees

Used daily for more than 2 years

Reviewed May 2020

Alessa as a Continuous Monitoring Solution

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.

Ratings Breakdown

Ease of use

Customer support

Functionality

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.

Vendor Response

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.

Replied May 2020

Michelle F.

Verified reviewer

Banking

1001-5000 employees

Used daily for more than 2 years

Review source

Reviewed February 2021

Great AML tool

My overall experience however has been a positive one as Alessa/Caseware provide excellent customer support

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Alessa helps my organisation detect high risk entities and activities early by creating alerts to be reviewed based on the parameters set.

Cons:

Sometimes is moves a bit slow and presents with error messages. I have reported this on many occasions

Reasons for switching to Alessa

Caseware was better

Vendor Response

Hi Michelle, Thank you for the review and we are thrilled to have you as a customer. We are glad to hear that our solution is able to alert your organization of high risk entities and activities! I am sorry to hear that sometimes the software is a little slow. We are continuously making enhancements to the product to improve the customer experience so your feedback is very helpful. Thanks again!

Replied February 2021

Medline M.

Verified reviewer

Information Technology and Services

11-50 employees

Used other for less than 12 months

Reviewed June 2020

Simple Solution for preventing fraud

We have implemented Alessa for several retail clients. This software integrates with other existing systems to find fraudulent activities. Our clients love the fact that they can carefully screen and monitor ongoing transactions.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The best part of implementing Alessa had to be dealing with their customer service. If I had to choose a word to describe them it would simply be phenomenal. I had a minor issue implementing this application for one of the retail clients, but technical support was able to assist me and swiftly solve the issue.

Cons:

To be quite honest I have yet to hear from any of our clients regarding any negative issues.

Vendor Response

Thank you for the review, Medline! We are very glad to hear that the support team was able to provide you with the assistance that you needed. We agree with you that retail companies like being able to screen and monitor all ongoing transactions to look for fraud. Reducing losses due to fraud goes a long way to help with profitability. Thanks again for the review!

Replied June 2020

Camisha M.

Verified reviewer

Financial Services

1001-5000 employees

Used daily for more than 2 years

Reviewed May 2020

Screening Function

Ratings Breakdown

Ease of use

Customer support

Functionality

Pros:

The new screening function is very useful especially for payment screening.

Cons:

I miss the ability to build a query based on user and work items.

Vendor Response

Hi Camisha, Thanks for the review! We are glad to hear that the screening function in Alessa is working well for your organization. I spoke to our team about the query feature and they made note of your request. They are going to look for an opportunity to bring it back or provide an option that allows you to have the functionality that you miss. Thanks again for taking the time to let us know what you think about our product!

Replied May 2020

Oxana B.

Verified reviewer

Logistics and Supply Chain

1001-5000 employees

Used daily for more than 2 years

Reviewed June 2020

Experiences with CaseWareMonitor (Alessa)

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

automation of controls, Time savings through the automated controls quick correction of abnormalities

Cons:

I missing a manuel in german own further development is complex

Vendor Response

Thank you for your review, Oxana. When used for automated controls monitoring, Alessa can indeed save time and allow organizations to correct any abnormalities. Our distributor in Germany should be able to assist you with your inquiries - do let us know if you need further assistance. Thank you again for your feedback!

Replied July 2020

Maik H.

Verified reviewer

Real Estate

1001-5000 employees

Used monthly for more than 2 years

Reviewed June 2020

useful helper for complex analyses

We have been satisfied with the effectiveness of Alessa for several years.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

TAG Immobilien AG mainly uses Alessa to detect duplicate payments and duplicate vendor master data. Posting journal and master data are managed in an SAP system. The stored algorithms work well and deliver anomalies which are then checked further. We are satisfied with the results.

Cons:

The design options for the own dashboards could be more extensive.

Vendor Response

Thank you for the review, Maik. We are glad to hear that Alessa is able to help your organization detect duplicate payments, duplicate vendor master data and other anomalies. Other organizations have found this to be a powerful capability to reduce revenue losses and financial fraud. Thank you for sharing your perspective on why you have been satisfied with the effectiveness of Alessa for several years!

Replied June 2020

Monique B.

Verified reviewer

Financial Services

1001-5000 employees

Used daily for more than 2 years

Reviewed July 2020

Alessa Is the best

Transaction monitoring & screening

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Alessa is an efficient tool that has allowed us to detect & report unusual & suspicious activities

Cons:

The software is pretty user friendly. NO additions at this time

Vendor Response

Thank you for the review, Monique! We are thrilled to hear that you think Alessa is easy to use and is an efficient tool that has allowed you to detect and report unusual and suspicious activities. Thanks again for your review!

Replied July 2020

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