• August 17, 2022

Audit & Analytics Software

Audit & Analytics Software

5 steps to lowering financial auditing costs (Part 2) – acting as a maturity model for your organization

In part one of this blog series, we shared initial steps for improving the efficiency of intricate financial auditing processes while reducing cost. Step one was to organize data and processes without any bottlenecks. In step two, we saw how economization ensures cost efficiency via data standardization. This blog will focus on the remaining steps […]

Audit & Analytics Software

5 steps to lowering financial auditing costs (Part 1) – Acting as a maturity model for your organization 

This is part one of a blog series about lowering financial auditing costs.    A 2021 study by Gartner revealed that 62% of companies polled expect their external audit fees to increase this year. Luckily, focusing on audit control automation can significantly lower the resource needs for audits. Today, many organizations still use manual auditing procedures, […]