For decades, financial audits have relied on sampling—a method where auditors review only a small subset of transactions to determine overall compliance. But in an era where data is abundant, is that really enough? MindBridge CEO Stephen DeWitt puts it into perspective: “That would be like your entire medical future being determined by a single … Read more
Your data tells a story, and it can reveal irregularities if you know how to read it. Anomaly detection can do just that, helping you find outliers that can point to issues like fraud. Whether it’s a suspicious transaction, a cybersecurity threat, or an operational hiccup, anomalies hold the key to insights that can save … Read more
Finance leaders are under more pressure than ever. Regulatory scrutiny is rising, market volatility is unpredictable, and finance teams are being asked to do more with less. Yet, many organizations still rely on outdated manual journal entry (MJE) reviews, creating unnecessary risk, inefficiency, and compliance gaps. Traditional sampling methods fail to provide full financial oversight. … Read more
The financial landscape is evolving rapidly, and CFOs are at the forefront of this transformation. AI in financial planning is no longer a futuristic concept—it’s a competitive advantage that enhances decision-making, risk management, and strategic execution. AI-powered tools enable finance professionals to analyze complex financial flows in real time, surface hidden risks, and optimize planning … Read more
Transparency and accountability are essential for businesses worldwide. While traditional audits provide these safeguards, their periodic nature often leaves gaps in risk coverage. Continuous auditing, powered by AI, offers a proactive solution, enabling real-time insights and more effective risk management. This article explores the fundamentals of continuous auditing, its use cases, benefits, challenges, and implementation … Read more
The extraordinarily rapid advancement of machine learning in this decade is putting enormous pressure on enterprises of all kinds to incorporate AI into the applications that drive their operating models. The gains in productivity are almost certain to be game-changing, but it is early days, and that is putting risk management in the spotlight as … Read more
Donald Trump’s inauguration as the 47th president of the United States marks a significant transition in leadership. These transitions often mark fresh opportunities and evolving priorities for enterprises. For CFOs, the challenge lies in aligning their financial strategies with evolving global, domestic, and corporate visions while ensuring their organizations remain agile, resilient, and future-ready. In … Read more
When thinking of financial auditing, many see it as a difficult process with a lot of sensitive data and potential issues along the way. There’s no shortage of technologies meant to help auditors, yet the process doesn’t always feel easy. Anomalies in data, inaccuracies, and even subtle fraud attempts are all things traditional audit methods … Read more
Anomaly detection in financial data involves identifying unusual patterns or behaviors that deviate from expected norms. It is essential for detecting potential risks, such as fraud, policy violations, or inefficiencies, enabling organizations to take proactive measures to safeguard their operations. However, identifying financial anomalies is no simple task. These irregularities can be deeply embedded within … Read more
Financial scandals are dominating headlines with increasing frequency, affecting organizations of all sizes—from multinational corporations to fast growing startups. No company is immune to the risks of fraud or financial reporting errors. The consequences go far beyond financial losses; they undermine trust, tarnish reputations, and shake investor confidence. No business wants its name associated with … Read more
At MindBridge, we are committed to continuously investing in the highest security standards to ensure that our client’s data remains safe and secure. As part of this ongoing commitment, we are excited to announce that we have successfully renewed our SOC 2 report. The examination was conducted by A-LIGN, a technology-enabled security and compliance firm … Read more
As financial data grows exponentially, traditional audit methods struggle to keep pace with the sheer volume and complexity. In today’s fast-evolving regulatory environment, relying on periodic, manual audits leaves organizations vulnerable to risk. AI-driven audit automation offers a solution by allowing finance professionals and auditors to continuously monitor transactions, detect anomalies, and ensure compliance in … Read more
