Caseware, a global leader in cloud and AI-enabled audit, financial reporting, and data analytics solutions, has announced a strategic partnership with Validis, a leading accounting data extraction and standardization tool. This collaboration will provide audit firms with powerful data ingestion tools that deliver audit-ready data from diverse sources; clean and readily available for analysis.
Validis is already a trusted partner for numerous large audit firms, providing them with instant access to business data from major accounting systems. Now, through the integration with Caseware, this capability will be extended to customers of Caseware’s cloud-based platform in the US and, ultimately, across the globe in markets including Canada, UK, Australia and New Zealand.
Automated data collection, cleansing, and standardization offers several compelling benefits for organizations looking to harness the full potential of their data, not least the reduction in time and effort required to gather, clean, and standardize data. This allows firms to focus on analysis and decision-making rather than data preparation. The standardized data makes it easier to identify anomalies, assess bookkeeping quality, and analyze trends across client portfolios. In addition to being more accurate, consistent and delivering data of a higher quality, automated systems can handle large volumes of data efficiently, scaling up as volumes grow – particularly important for organizations dealing with big data.
Automation helps ensure that data processing adheres to regulatory requirements and industry standards, reducing the risk of non-compliance. Simultaneously, audit professionals are empowered to focus on deriving quality insights and creating value instead of being overwhelmed by routine data management tasks.
Davis Jackson, chief commercial officer at Caseware stated, “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 standardization 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 between Caseware and Validis reflects their shared commitment to fostering meaningful collaborations that drive innovation, expand market reach, and enhance competitive advantage. Beyond the strategic benefits, both organizations have elected to work alongside like-minded teams who are equally dedicated to achieving the best outcomes for audit and accounting professionals.
