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AI for Auditor

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AI for Auditor

India’s first Ai for Auditor by Aiextensive to revolutionize financial analysis and AI-powered auditing platform that helps you identify and quantify risk.

By analyzing the entire population of transactions and entries underpinning your financial statements, accountants can enhance their understanding of the entity and its operations to focus attention on the areas of the business that have the highest risk of material misstatement.

With an excellent integration of Ai with RPA (Robotic Process Automation), AiExtensive is a modern approach to performing financial tasks and audits.

Aiextensive neglects the chances of errors that are sometimes present in work done manually. In simple words, futuristic software like AiExtensive can induce fast-rate growth of the company by getting work done in modern ways. The direct benefit of the software is that it saves employees’ time and energy.

Major benefits of Ai for Auditor

  • Time Saving
  • Accumulating Multi Human Skill
  • Enhances control environment for business houses
  • Neglects manual operations of repetitive tasks
  • Builds MIS and reports with integrated data

Know RPA

(Robotic Process Automation)

RPA technology is changing how the world gets work done by creating massive disruption in industries. Robotic process automation (RPA) is a software technology that makes it easy to build, deploy, and manage software robots that emulate human actions while interacting with digital systems and software.

In the same way people interact with machines and equipment, robots handle all the operations that are meant to be carried out through the medium of machines. Software robots can perform tasks like understanding what’s on a screen, completing the right keystrokes, navigating systems, identifying and extracting data, and performing a wide range of defined actions.

The main benefit for industries is the ability to run time-saving, cost-effective, convenient, and error-free operations while maintaining high consistency.This is how RPA is the fastest growing enterprise software in the world.

Applications of RPA in Finance and Accounting

Processing of purchase orders

Purchase orders often comprise various formats that vary depending on the source.

RPA is designed to automate and speed up the processes with fewer errors. So basically, it neglects human errors by default.

Removing bad data

Once the bad data, or say, wrong entries, enters into the system, it spreads like a web throughout the whole network. RPA, on the other hand, benefits it. RPA helps firms to correct it within a few seconds.

Processing Cash Data

Cash data management is tough task among the corpate firms. It is necessary to pay cash in the right place and generate invoices with the correct amount. Perfection is always a great requirement and that is what RPAs are made for. It keeps records of cash flows and creates right cash payments smoothly.

Easy Reconciling of Accounts

The comparison of balance sheets within digital devices is more critical and time consuming.

RPA makes it easier with its advanced features that can actually make comparing such data easier.

Managing Data across Wide Systems

RPA helps corporates to manage data easily among the networks. It provides easy data fetching within few moments of time.

Invoice Processing Without Errors

RPA enables firms to generate an invoice that is perfect in itself with zero errors. Thus, it neglects the need for monitoring and inputting data manually while generating such documents.

Ensuring vendor contract compliance

RPA tracks all activities, while making sure that suppliers are working as per the terms they agreed upon. RPA bots can scan contracts and purchase orders, including using speech recognition to extract important information, including discounts, rebates, and penalty clauses. The bots can then compare this information to data from HPE’s ERP systems on actuals to find gaps and pinpoint inconsistencies.

Other Services

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