Revolutionise your audit preparation and engagement processes
The accounting industry needs to be proactive as the capabilities presented by technology offer exciting opportunities to redefine roles and client relationships.
Technology, always a driver of industrial evolution, is now moving at such a rapid pace that it looks set to shake up the world of accounting, as we know it, forever.
With an abundance of products and software companies on the market, promising to disrupt and boost the profession, accountants may ask themselves if the technological changes underway are an opportunity or a threat. More specifically, they may want to know if their careers will be driven by technology, or if they will be able to harness technology to advance their careers and make a bigger impact in their organisation and beyond.
None of us has a crystal ball, but as techies the world over will typically tell you, the key to career enhancement through technology (in any sector) is almost always about the ability and willingness to be agile. The accounting industry needs to be proactive as the capabilities presented by technology offer exciting opportunities to redefine roles. In short, accountants will need to adapt and shape their own technological future, rather than be shaped by it.
As a FinTech, we’re well aware that technology can be viewed with initial suspicion by practitioners. The accountancy profession in particular has always shouldered a huge responsibility and it now carries out its vital role under the most intense scrutiny, at a time when competition and pricing are particularly fierce. Adding the weight of a new set of systems and processes against this backdrop is unlikely to be greeted without a degree of scepticism.
Why fix what isn’t broken?
At Validis, we understand why some practitioners and practices are initially resistant to new technologies, but we also know that from the first time they use our product, the positive impact it has on their practice is clear and simple to see. Our software is supportive of accounting professionals in the workplace – it enables, rather than disables – it’s disruptive because it’s productive.
In other words, Validis ‘does’, so you can ‘think’.
21st century accountants can let technology do the heavy lifting Our software eradicates the need for any manual data transference between accountants and their clients in preparation for audits and review engagements. Via a secure web portal, Validis extracts and transmits data directly from an SME client’s accounting package, capturing the full data set and drilling down to double entry level for 100% accuracy.
Validis then standardises the data, and generates clear, consistent reports which are presented direct to an accountant’s computer screen ready for review.
All in just 3-8 minutes.
By automating the process of data compilation and preparation before a review or audit, Validis gives hours back to accountancy practices and their practitioners, freeing up time and resource that can be spent on higher value strategic work like forecasting and consulting.
The software is simple to use, for accountants and their clients, and is ISO 27001 certified so it’s secure. By extracting data directly from a client’s accounting package, Validis ensures that all data referenced during review is completely accurate, enabling a transparent process and reducing the risk associated with traditional methods of data sharing.
All in just 3-8 minutes.
Accountants are influential agents of change, both within their own organisations and their clients’, and their expertise offers a strategic insight that is invaluable to any business. Software, such as Validis, exists so that accountants can continue to upskill and push the boundaries of the profession.
Because it’s true that technology is shaking up the world of accounting, but it’s the forward thinking accountants who will ensure that it evolves.
Don’t just take our word for it; here’s what one customer has to say:
‘Validis facilitates connectivity with our clients in our markets, simplifying interactions with client personnel and providing enhanced access to client data in a secure manner. The ease of use, consistency of reporting, and quick turnaround contribute to improved client service and delivery. We are also pleased with the level of support provided, both to our practitioners and support teams. Validis sets a high standard in the service it provides.’ Steve Lawrenson – partner, Canadian Assurance and advisory analytics and innovation leader