MindBridge Ai Auditor is a revolutionary approach to analyze financial transactions to detect anomalies - unintentional and intentional - by automating manual processes and providing a risk-based assessment to help organizations ensure compliance and minimize their exposure to financial loss and liability.
MindBridge AI Auditor - Enhancing Profesional Judgement
The MindBridge AI Auditor is bridging the gap between human and artificial intelligence (AI) by enhancing professional judgment across multiple industries. Recent advancements in artificial intelligence have enabled a new class of converged analytics to analyze financial transaction flows and better detect anomalies - unintentional mistakes/errors and intentional.
Using algorithms based on data science, MindBridge generates actionable insights through an interactive, user-friendly visual interface to help organizations minimize risk exposure to the financial loss while supporting audit professionals to meet and exceed regulatory and industry standards. The MindBridge application has been tested by industry leading professionals and is proven to detect unusual human activities and transactions that incumbent systems cannot. Financial Transactions Analysis, Evolved The tools currently used to analyze financial transactions are not keeping pace with the needs of today’s auditor and investigator professionals. Existing computer assisted audit tools are often time-consuming to use and do not provide the insights and analytics required to help effectively advise auditors or develop a comprehensive financial analysis. MindBridge offers intelligent audit technology to help increase the speed and accuracy of every audit and investigation. Comprehensive analysis for accurate audits Current audit and investigative techniques are limited by time and tools, restricting the financial analysis to random sampling and data filtering. What if you could review every financial transaction in the general ledger from every entry across every department?
With MindBridge there is no dataset too large, meaning the system is capable of reviewing 100% of the data provided and calculating a risk score for every process or person that interacts with corporate data. This is how you can find more instances of financial misstatements suspicious financial discrepancies.
Intelligent anomaly detection to help you:
• Uncover more misstatements & potential fraud by reviewing 100% of corporate data
• Know where to look due to intelligent risk-scores
• Smarter control points that combine best practices and data science
• An intelligent system leveraging machine learning that adapts to your needsTake financial audit efficiency to the next level Automation is key to maximizing the efficiency of each financial audit or review your organization performs. By removing manual processes, it is possible to streamline time-consuming activities, which frees up team members to use their expertise more effectively.
MindBridge’s Ai Auditor helps you be more efficient by offering:
• Smart data ingestion of your financial records saves you time importing and shaping data files
• Automated risk-scoring is based on a blend of control points and anomaly detection algorithms to help guide you to entries that appear suspicious
• Automated insights recommend similar items to look at and which steps to take nextRisk-based scoring An unbiased analysis of each transaction history based on numerous control points and data science algorithms. Accessibility For maximum impact, the system is intuitive requiring little to no training meaning it can be used by anyone for the most basic of investigations, audits and all the way up to a forensic investigation. Intuitive dashboard A visual summary of all transaction data and risk scores so that each auditor and investigator can determine where to focus instead of using sampling techniques alone. Better Meet Audit Standards
Levraging Artificial Intelligence to meet and exceed standards including:
• SAS 99 Fraud in a Financial Statement Audit
• IAS 240 / CAS 240 The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements
• Know where to look due to intelligent risk-scoresAutomatically assigns a risk score to all transactions to focus audit, 100% coverage of all transactions, Automated Artificial Intelligence based tests
Intacct Web Services, modern web-browser (Chrome or Firefox are preferable)
About MindBridge Ai
MindBridge is bridging the gap between human and artificial intelligence by enhancing professional judgement across multiple industries. Recent advancements in artificial intelligence have enabled a new class of converged analytics to analyze financial transaction flows and better detect anomalies - unintentional mistakes/errors and intentional. Using algorithms based upon smart data science, MindBridge generates actionable insights through an interactive, user-friendly visual interface to help organizations minimize risk exposure to financial loss while supporting audit professionals to meet and exceed regulatory and industry standards. The MindBridge application has been tested by industry leading professionals and is proven to detect anomalous human activities and transactions that current incumbent systems cannot.