With pressure to do more with less in an environment of unprecedented business disruption, accounting firms today must evolve to become the trusted partner their clients and auditors demand.
A legendary accounting firm had a massive problem with its legacy audit system. It couldn’t perform data extract/load/transform functions and had limited integrations across disparate systems with no automation.
A transformation into a modern seamless digital experience for their clients and auditors was needed. The right engineers with the right expertise had to provide a modern digital platform solution with a dynamic user interface to make auditing cycles risk-free. It also had to be flexible and scalable to progress with data and technology landscape changes.
Ascendion allied with the client to co-engineer a Smart Digital Auditor, an AI/ML-led digital tool built to simplify and streamline the end-to-end audit process from the ground up.
The solution enabled more self-driven audits, equipped with a nearly auto-pilot type experience for risk-free, repeatable asset management audits. An auto-discovery process was infused into the platform for gathering audit inputs, backed by an advanced foundational architecture capable of scaling into more futuristic audits as part of the firm’s broader growth plan.
Tech Stack:
Enabled 10x more audits with the same workforce.
Achieved 100% confirmation of asset holdings through an auto-discovery process.
Delivered 100% auditing of client portfolios with 100,000+ assets in a single day.
