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
Return on investment (ROI) is critical in technology investment decision-making. It is primarily quantified by setting the total cost of ownership in relation to cost savings and improved business outcomes measured in $ resulting from efficiencies and where quantifiable increased effectiveness. The calculation of these metrics results in a clear business case that models time … Read more
Joint Interest Billing (JIB) is fundamental yet complex for financial management in the oil and gas industry. At its core, JIB allows multiple stakeholders—often involved in high-stakes projects such as exploration and production—to share expenses and revenues based on their ownership stakes in a joint venture. This billing practice ensures fair cost distribution but also … Read more
The emergence of artificial intelligence (AI) enabled applications have the potential for societal disruption, especially with the advent of generative AI (GAI) tools. There is a growing concern about the potential for sophisticated use of GAI to create deepfake videos, images, audios, and text that manipulates and/or fabricates content with the potential to spread misinformation, … Read more
Explore Olympic-level finance strategies with MindBridge AI: Discover five key risk analytics tactics to enhance precision, strategy, and innovation in your financial operations, mirroring Olympic athletes’ quest for gold.
The emergence of artificial intelligence (AI)-enabled applications have the potential for societal disruption, especially with the advent of generative AI (GAI) tools. There is a growing concern about the sophisticated use of GAI to create deepfake videos, images, audios and text that manipulates and/or fabricates content. Such use of GAI can spread misinformation, deceive individuals … Read more
A message from MindBridge CFO, Matthias Steinberg The Gartner CFO conference is an important industry event for my company MindBridge. It gives me the opportunity to join and support the MindBridge team and I get to participate in many of the keynotes, presentations, and round tables. Naturally, I am keen to understand where AI adoption … Read more
A Message from MindBridge CFO, Matthias Steinberg As CFOs, it is our mandate to embrace and deploy technology to constantly drive quality, speed, and impact of what we do, while maintaining high standards. It is also in our nature to take a sober look at what technology can deliver. ROI, time to value and risks need to … Read more
