Prudent AI Powered Oversight

Key Product Features

Transparent

Transparent

Black box obfuscation eliminated with our transparent Explainable AI (XAI) feature

Data-consolidate

Data Consolidation & Standardization

Early consolidation and streamlining quality of required financial data

customise

Customise & be in control

Configure client specific parameters and build your own analysis using our intuitive reporting interface to be in control

Audit-lib

Pre-built Audit Libraries

Jumpstart with our pre-built libraries with zero-scripting and zero-training

100analysis

100% Transactional Analysis

Comprehensive scan across 100% transactional data

anomaly

Anomaly Pattern Detection

Deep analysis by combining AI/ML algorithms along with statistical methods & traditional tests to identify trends, outliers & hidden patterns in data

powerful-insights

Powerful Risk Based Insights

Post analysis, each transaction is risk scored based on failed parameters to help focus on issues that matter

automate

Automate Substantive Testing & Work Papers

AI automates the tests across the entire population and allows auditors to easily download the workpapers from the system. It details the entire mind map of an auditor from the data that was uploaded to tests/analysis performed to issues identified along with charts and visualisations.

The most advanced AI Oversight platform now includes:

General Ledger (GL) AI

GL AI examines and evaluates GL journals of any data size and volume to produce analysis that enhances our auditors’ planning and scoping, understanding of the business, risk assessments and performance of substantive audit procedures. It is helpful in understanding account activity and important changes in the business and identify and define populations of higher risk journal entries.

Payroll AI

The Payroll AI assists with organizing and presenting payroll related data when reviewing payroll as a significant account using payroll subledger data to identify relationship analysis between gross pay and deductions or contributions and other components to identify issues and potential risks, as well as executing substantive procedures.

Purchases & Payables (PP) AI

PP AI examines and evaluates purchases and payables activities to perform detailed analysis of key aspects of the purchase- to-pay cycle to understand vendor attributes and provide insights into the supplier base and assist with the identification of issues and potential risks, as well as executing substantive procedures.

Revenue & Receivables (RR) AI

RR AI examines and evaluates revenue and receivable activity to perform detailed analysis of key aspects of the sales-to- cash cycle to understand key customer attributes including the composition of our clients’ accounts receivable balances, their customers and related risks, and execute substantive procedures.

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Case Study

Leading US accounting firm significantly improved the audit quality for a global food trading corporation (one of the largest distributors in North America) by using Prudent AI Oversight.

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Case Studies

AI-driven Financial Statements audit of a global food trading corporation and one of the largest distributors in North America in multiple food and grocery categories. Complexity included audit of Financial statements of the client with significant entries between entities & reviewing purchase and sales data of more than 10K SKUs.

Transactions Processed

55K Invoices worth ₹3.4B from 25 regions with revenue of $460M.

SKUs: 10,200 SKUs

Outcomes Delivered

100%

transactions with risk scores in 12 parameters

5%

top high risk JE sent for deeper audit review

Productivity Benefits

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Sharper insight and dashboard driven testing

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Identification of major control gaps

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Improved audit quality

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Superior audit coverage

Ready to superpower your accounting teams?