Automation of financial audit procedures

Problem statement​


  • Financial Audits have not used technology to improve the audit execution​

  • Finray offers auditors the ability to rapidly onboard client data, recreate accounting and reconciliation processes, and provide more informed assertions about financial statements​

  • PoC designed to test the capabilities of Finray prior to acquiring the tool​

​Test case and deliverables​


  • Automate the reconciliation of pension withholdings recorded by employers to the statements provided by 3rd party pension administrators​

  • Accomplished by loading data from both parties​

  • Creating business rules for reconciliation between the two data sources​

  • Creating reconciliation reports​

  • Project time: 3 weeks

  • Project cost: $40K

​Finray approach


  • Start with a pain point (every FS firm finance function has them)​

  • Deliver credibly and quickly​

  • Identify the road map for further improvement​

  • Repeat

Learn how Finray can simplify accounting, control and analysis, saving time and resources for your finance department.

Learn how Finray can simplify accounting, control and analysis, saving time and resources for your finance department.

Learn how Finray can simplify accounting, control and analysis, saving time and resources for your finance department.