Cut revenue reconciliation time by 50% with Intelligent Automation
Key highlights
- Faster Reconciliation Preparation time for cash-to-revenue tie-outs has been cut in half, improving efficiency across client engagements.
- Improved Accuracy Automated extraction and validation reduce the risk of manual entry errors in high-volume reconciliations.
- Standardized Workflow Reusable Form Extraction templates create consistency across clients and streamline team-wide processes.
Challenge
Auditors aim to verify supporting evidence efficiently and move forward—but reality often looks different. Unique scenarios, complex accounting treatments, and evolving processes require detailed documentation and clarification. Teams spend valuable time gathering evidence, writing explanations, and responding to reviewer questions. Without a clear, standardized workflow, reviews become slower and more fragmented. These inefficiencies make it harder to maintain both speed and audit quality—especially when timelines are tight.
"The addition to Datasnipper has been incredible. The efficiencies gained in the preparation and review process have allowed us to give more thoughtful and insightful feedback to our clients."
Dan Dorgan
Audit Manager
Solution
With DataSnipper, preparers at M&A can highlight relevant sections of audit documentation—such as approvals, processed amounts, or explanations that previously couldn’t be easily captured with traditional audit binders. Centralizing audit support within the workbook has streamlined the review process and now allows reviewers to focus on high-risk, complex areas. This results in greater clarity, improved audit quality, and increased efficiency across teams.
As part of the implementation, M&A identified three audit procedures per industry that would benefit most from DataSnipper, particularly those involving time-intensive, text-based client support. These procedures were standardized across teams, and usage of DataSnipper was made mandatory for these tasks—ensuring consistent adoption and measurable impact from day one.
Use Case: Cash to Revenue Reconciliation
The cash to revenue reconciliation process at M&A has benefited greatly from the implementation of DataSnipper. Previously, staff spent 2–4 hours each engagement manually inputting bank deposits—a time-consuming task that varied by client complexity. With DataSnipper, teams now use Form Extraction templates to automatically pull monthly deposits from bank statements and apply Sum Snips to support non-revenue deposits. This automation has cut preparation time in half, cutting the task down to just 1–2 hours per client while maintaining accuracy.
