Caseware & Validis partner to enhance audit data tools

Caseware has announced a strategic partnership with Validis to enhance data ingestion tools for audit firms.

This partnership aims to provide audit firms with data ingestion capabilities that offer audit-ready data from various sources, ensuring it is clean and readily available for analysis.

Validis already facilitates instant access to business data for numerous large audit firms, and this integration with Caseware will extend these capabilities to users of Caseware's cloud-based platform in multiple regions, including the US, Canada, UK, Australia, and New Zealand.

Automated data collection, cleansing, and standardisation are crucial as they reduce the time and effort typically needed to gather, clean, and standardise data.

This allows audit firms to focus more on analysis and decision-making. The streamlined data is also beneficial for identifying anomalies, assessing bookkeeping quality, and analysing trends across a client's portfolio. The capacity of automated systems to handle large data volumes efficiently is particularly significant for organisations dealing with big data.

Furthermore, automation helps ensure that data processing is compliant with regulatory requirements and industry standards, diminishing the risk of non-compliance.

Audit professionals are thus able to concentrate on deriving quality insights and creating value instead of managing routine data handling tasks.

Davis Jackson, Chief Commercial Officer at Caseware, remarked, "Quality data is the cornerstone of our vision at Caseware. It fuels our commitment to deliver precise, insightful, and transformative solutions for audit and accounting professionals."

"By ensuring the highest standards of data integrity and accuracy, we enable them to make informed decisions, drive innovation, and achieve unparalleled results. Our collaboration with Validis amplifies our commitment to empowering accounting professionals to do their jobs better than they ever have before."

Jeff Gramlich, Managing Director Accounting at Validis, added, "We're excited to collaborate with Caseware to deliver audit-ready data through our cutting-edge standardisation capabilities."

"This partnership provides auditors with the data breadth and granularity crucial for delivering a data-driven audit. By integrating our technologies, we're empowering auditors to conduct data-driven audits with enhanced efficiency and risk analysis, ultimately transforming the process to benefit both auditors and their clients."

The partnership underscores the shared commitment of Caseware and Validis to foster collaborations that promote innovation, expand market reach, and enhance competitive advantage.

Beyond strategic benefits, the collaboration brings together teams equally dedicated to achieving superior outcomes for audit and accounting professionals.