Introducing MindBridge Ai Auditor
Meet the world’s first AI-powered auditing & financial risk assessment platform
MindBridge Ai Auditor revolutionizes financial analysis as the world’s first AI-powered auditing platform that helps you identify and quantify risk. By analyzing the entire population of transactions and entries underpinning your financial statements, you can enhance your understanding of the entity and its operations to focus attention on the areas of the business that have the highest risk of material misstatement. Ai Auditor empowers you with the data to be confident in your assessment of audit risk.
MindBridge Ai Auditor revolutionizes financial analysis as the world’s first AI-powered auditing platform that helps you identify and quantify risk. By analyzing the entire population of transactions and entries underpinning your financial statements, you can enhance your understanding of the entity and its operations to focus attention on the areas of the business that have the highest risk of material misstatement.
Ai Auditor empowers you with the data to be confident in your assessment of audit risk.
Financial statement risks, from the bottom up
While other financial risk assessment tools only look at accounts and entries in isolation, Ai Auditor identifies anomalies by analyzing monetary flows between accounts to provide an unparalleled view into the state of your data, arming you to better understand individual transactions and identify potential issues.
Transparency and extensibility
Ai Auditor is designed to empower insights through a transparent, human-centric approach. With detailed views of test results for each transaction and entry analyzed, we aim to eliminate the black-box obfuscation common to other tools. Our sleek, intuitive interface encourages you to identify, investigate, and interrogate exactly what is drawing concern, and why.
Our highly extensible platform is actively introducing new functionality, reporting, and algorithm improvements. All of the future functionality is included with a standard subscription.
How does Ai Auditor Help?
Ai Auditor improves the quality and effectiveness of your audits through data-driven and quantifiable risk assessments.
Ai Auditor takes in data from most financial systems, either through file import or direct connections with supported ERP systems.
Verify account mappings and import ungrouped data files with our data import wizard—our expert customer experience team is always on hand to assist if needed.
Ai Auditor uses a combination of rules-based tests, statistical models, and machine learning to score each transaction to identify areas of risk within the data set.
An intuitive interface allows you to explore historical trends and relationships to understand your client’s data. Dive deeper into summary level analytics by analyzing transaction details within a population, activity related to customers or vendors, or by member of the finance department.
With a deep understanding of the risk inherent within the data, you can focus attention on the most critical areas of the business and streamline audit planning.
With a plan in place, Ai Auditor puts all of the data at your fingertips to investigate more thoroughly. With Intelligent Sampler, you can determine areas for deeper investigation based on your criteria and justify those selections later.
With data analysis conducted more thoroughly than ever before, you gain a deeper understanding of your client, providing an opportunity to communicate valuable insights, and leverage knowledge obtained to win new work. Bravo!
Using AI to assess financial risk in times of crisis
The best possible outcome for your audits and financial risk assessments
Powered by machine learning and AI
AI and machine learning are at the very heart of Ai Auditor. While expert AI interrogates the data for anomalies, machine learning algorithms hum alongside looking for outliers in the data.
Rapid identification of risk
With a powerful and intuitive reporting interface, Ai Auditor empowers you to examine and compare risk across your entire data set, whether it be by account, by time, by user, vendor, or transaction. The visual drill-down functionality provides a beacon to explore the data at a more granular level, where detailed risk assessments and their explanations are just a click away.
Discover new insights
Ai Auditor encourages and facilitates data exploration like never before. The presentation of the analysis, bringing detailed risk ratings to life and the ability to save and share filters, feeds your understanding of what’s happening beneath the surface and extracts new insights.
100% data analysis
A wise man once said, “Sampling is a coping mechanism for dealing with large data.” Don’t leave risk assessment to chance, Ai Auditor analyzes your entire data set, and unlike any other solutions it examines full transactions, looking at the monetary flows between accounts, and all debits and credits. Oh, and we also provide a sleek sample-selector tool that helps you adhere to current processes, and to justify if required, precisely why those samples were selected.
Our analysis runs deep and is incredibly comprehensive. Stacked with traditional tests based on domain expertise and business rules, our analysis is also enhanced by statistical methods like regression and Benford’s Law, as well as numerous machine learning algorithms and AI seeded with expert knowledge.
Many techniques working together
Dozens of the most powerful risk-detection criteria on Earth, including expert-taught AI and machine learning algorithms, working together to analyze 100% of your data? That’s not some pipe dream for the future, that’s the combined power you have today with our Ensemble AI.