audit automation Archives

AI-Powered Year-End Close: Automate Risk Detection & Improve Accuracy

March 4, 2025 by MindBridge

Year-end accounting is evolving. Discover how AI-powered anomaly detection, automated reconciliations, and financial risk intelligence can streamline your year-end close, ensuring accuracy, compliance, and strategic decision-making.

Transforming the Year-End Close with AI Year-end accounting isn’t just about closing the books—it’s an opportunity to uncover financial insights, identify risks, and strengthen compliance. Yet, for many finance teams, this process remains manual, error-prone, and time-intensive. AI-powered financial intelligence changes that. By automating anomaly detection, streamlining reconciliations, and improving data accuracy, AI enables finance … Read more

Why Traditional Auditing Falls Short—and How AI is Changing the Game

February 27, 2025 by MindBridge

Traditional auditing relies on outdated sampling, leaving risks unseen. Discover how AI-powered financial analysis enables full-spectrum visibility, real-time risk detection, and better decision-making. Learn why MindBridge is transforming financial intelligence.

For decades, financial audits have relied on sampling—a method where auditors review only a small subset of transactions to determine overall compliance. But in an era where data is abundant, is that really enough? MindBridge CEO Stephen DeWitt puts it into perspective: “That would be like your entire medical future being determined by a single … Read more

How AI is Automating Manual Journal Entry Reviews

February 4, 2025 by MindBridge

Manual journal entry reviews are inefficient and risky. Discover how AI automates oversight, strengthens SOX compliance, and eliminates financial blind spots.

Finance leaders are under more pressure than ever. Regulatory scrutiny is rising, market volatility is unpredictable, and finance teams are being asked to do more with less. Yet, many organizations still rely on outdated manual journal entry (MJE) reviews, creating unnecessary risk, inefficiency, and compliance gaps. Traditional sampling methods fail to provide full financial oversight. … Read more

AI-driven audit automation: streamlining processes for scalable success

October 3, 2024 by MindBridge

Discover how AI-driven audit automation revolutionizes the audit process with enhanced risk detection, continuous monitoring, and real-time compliance for scalable success.

As financial data grows exponentially, traditional audit methods struggle to keep pace with the sheer volume and complexity. In today’s fast-evolving regulatory environment, relying on periodic, manual audits leaves organizations vulnerable to risk. AI-driven audit automation offers a solution by allowing finance professionals and auditors to continuously monitor transactions, detect anomalies, and ensure compliance in … Read more