Leveraging audit intelligence to increase efficiency and deliver high-quality services
Key highlights
- Time saved DataSnipper reduces time pressure and eliminates manual work.- Auditors can save up to 90% of the time by replacing repetitive and menial tasks with intelligent automation while being in complete control, improving the overall efficiency.
- Innovative culture DataSnipper is extremely easy to use and can seamlessly be integrated into audit procedures. The built-in Excel nature of the tool allows auditors to quickly adapt without having to change their way of working.
- Improved quality DataSnipper helps audit teams to prepare audit procedures in a standardized way. With intelligent automation, audit teams have more time to focus on high-risk areas and deliver valuable findings, improving the overall audit quality.
Challenge
RSM Norway is committed to quality and service excellence. However, manually performing audit and financial statement procedures causes RSM to spend too much time on repetitive tasks, time that would be better spent analyzing high-risk areas and meeting individual client needs. In line with their commitment, RSM Norway is looking for ways to seamlessly integrate cutting-edge technology and the professional judgment of their auditors. Overall, they are dedicated to embracing a work environment that offers diverse, challenging, and impactful work that matters. How can RSM build a culture that drives agility and innovation, while increasing audit efficiency and quality?
"The best with DataSnipper is that it’s clearly a tool made for auditors, by auditors. The features are built with considerations to the whole audit process, focusing on ease of use for both performer and reviewer, and that makes it much easier to integrate into existing workflows than other tools where we very often have to make tradeoffs."
Per Øyvind Stene
CFO at RSM Norway
Solution
A solution made for auditors by auditors. RSM Norway is focused on integrating tools that will give them an extra edge as a valued business partner with exceptional service. To meet their ambition, RSM Norway adopted DataSnipper and the Financial Statement Suite add-on module. The DataSnipper platform helps RSM Norway to increase its efficiency by replacing manual tasks with automation. Now, auditors can pay closer attention to important client needs, delivering value to their clients. Moreover, the manual snipping feature allows auditors to quickly extract information, creating neat cross-references between the sample data and supporting documents in the Excel workbook. Optimized to strengthen the communication between performer and reviewer, the managers can now easily review the work and leave comments.
“The Financial Statement Suite is a very efficient tool to use when performing financial statement procedures. The manual tasks, such as calculating numbers, comparing versions, and searching for errors, can be done automatically with FSS. The reliability of the tool allows our auditors to focus on high-risk areas, increasing overall audit quality.".
Erik Warmestad, Manager at RSM Norway
