Amsterdam unicorn DataSnipper, in collaboration with the Redmond big Microsoft, launched its new AI Brokers to rework auditing and monetary reporting.
Contentlockr
Amsterdam-based unicorn DataSnipper, an automation platform for audit and finance groups, in collaboration with the Redmond big Microsoft, launched its new AI Brokers — Disclosure Brokers and Excel Brokers.
These AI brokers powered by Microsoft Azure are designed to assist with auditing and reporting duties whereas guaranteeing transparency and accuracy.
The Amsterdam unicorn says that each the Disclosure Brokers and Excel Brokers match into current audit workflows, specializing in two key areas:
Checking disclosures towards IFRS/GAAP requirements Dealing with complicated duties in Excel, which are sometimes time-consuming and susceptible to errors.
The necessity for AI Brokers
On the whole, Audit and finance professionals face distinctive challenges: strict regulatory necessities, excessive volumes of unstructured knowledge, and fixed strain to ship quick, correct outcomes below tight deadlines.
Whereas conventional automation can pace up repetitive duties, it fails when judgment, construction, or context is required.
Right here’s the place DataSnipper’s AI Brokers come into play!
The corporate’s AI agent combines automation’s effectivity with human-like understanding to finish complicated, compliance-focused duties extra rapidly, all whereas sustaining accuracy.
Every consequence hyperlinks again to its supply, minimising errors and false data from AI.
By incorporating AI immediately into the instruments finance groups already use, the Dutch firm helps enhance audit, compliance, and monetary reporting processes with out disrupting present staff operations.
Who ought to use Disclosure Brokers?
Disclosure critiques are essential however typically time-consuming. Groups normally spend days checking disclosures to fulfill IFRS, GAAP, and inner requirements, utilizing varied instruments that don’t join properly.
Disclosure Brokers simplify this course of by accelerating critiques by analysing disclosure checklists towards monetary statements, slicing hours of guide work into minutes.
In response to the corporate, it really works throughout IFRS, GAAP, and different world requirements.
It additionally cross-checks necessities utilizing firm-specific checklists, inner insurance policies, or imported templates.
Moreover, it hyperlinks each requirement to clear, verifiable proof, creating a transparent audit path and liberating capability for higher-value work.
“In apply, this implies annual report disclosures may be reviewed in a fraction of the time, subsidiary experiences may be checked for coverage alignment robotically, and inner compliance audits can run with out monopolising senior workers,” says the corporate.
When Excel Brokers come in useful
Up to now, the audit testing nonetheless occurs in Excel. The Dutch unicorn’s Excel Brokers introduces a prompt-driven workflow that automates testing steps end-to-end whereas conserving every part within the acquainted Excel setting.
Excel Brokers ship this by automating testing workflows end-to-end, matching pattern knowledge to paperwork, extracting key fields, and evaluating outcomes to expectations in a fraction of the time.
The agent can work immediately in Excel with prompt-driven automation, no complicated setup, templates, or retraining required.
The brokers can ship explainable, audit-ready outputs with full cross-references, in addition to liberating capability for higher-value work.
In consequence, it permits auditors to give attention to dangers, insights, and strategic advisory as an alternative of copy/paste duties.
“Disclosure Brokers and Excel Brokers are constructed to resolve our clients’ greatest ache factors, guide testing, complicated disclosures, and fragmented workflows,” says Vidya Peters, CEO at DataSnipper. “By embedding AI immediately into the instruments professionals already use, we’re serving to groups transfer sooner, cut back danger, and reclaim time for higher-value work.”
