Fiscalix, a subsidiary of Aistra, has launched an innovative AI audit manager named Smart Accounting & Reporting to Augment Humans (SARAH). This advanced technology features over 15 AI agents designed to enhance the auditing process, making it faster, more accurate, and scalable, particularly in the US and UK markets. SARAH automates repetitive data extraction tasks and minimizes errors while streamlining resource management. According to the CEO of Fiscalix, Kishore Mirchandani, this tool not only boosts efficiency but also empowers auditors to gain deeper insights, ultimately improving audit quality. With SARAH, auditors could save up to 50% of their time, allowing them to focus more on client relationships and professional growth.
Fiscalix Launches Innovative AI Audit Manager SARAH
Fiscalix, a subsidiary of Aistra, has unveiled its latest innovation, the Smart Accounting & Reporting to Augment Humans (SARAH), a new AI audit manager aimed at revolutionizing the auditing industry. This groundbreaking technology is not just about improving efficiency; it’s about empowering auditors to deliver deeper insights and enhanced audit quality.
According to Fiscalix, SARAH integrates over 15 AI agents designed to streamline the auditing process, making audits faster, more accurate, and scalable. The initial launch focuses on markets in the US and UK, targeting key challenges in the audit sector.
SARAH automates repetitive tasks and utilizes algorithms to set new quality benchmarks in audits. Ceo of Fiscalix, Kishore Mirchandani, emphasized that “with the introduction of SARAH, we are tackling some of the most enduring challenges in the industry.” This AI-driven tool not only reduces the time auditors spend on mundane tasks—up to 50% according to estimates—but also allows them to redirect their focus to strengthening client relationships and developing professionally.
The features of SARAH include automation of data extraction from public filings and client documents, minimizing errors through data matching, and streamlining resource management via automated tools. Aistra Labs Chairman Neeraj Bhargava noted, “SARAH is a significant leap forward for the auditing industry.”
With SARAH, audit teams gain the ability to analyze data in depth, uncovering essential insights and driving informed decisions. This innovative approach could signal a transformative era for audits globally, marking a shift towards more strategic and impactful audit practices.
Tags: AI audit technology, audit innovation, Fiscalix, SARAH AI manager, data automation in audits, auditing transformation.
What is SARAH?
SARAH is an AI-powered audit technology created by Fiscalix. It helps businesses review their finances more efficiently and accurately.
How does SARAH work?
SARAH uses smart algorithms to analyze data and find errors or inconsistencies in financial records. It speeds up the audit process and helps ensure everything is correct.
What are the benefits of using SARAH?
Using SARAH can save time and reduce costs during audits. It helps businesses catch mistakes early and gives them peace of mind about their financial reporting.
Is SARAH easy to use?
Yes, SARAH is designed to be user-friendly. You don’t need to be a tech expert to use it. The system is intuitive and guides users through the audit process.
Can SARAH improve the accuracy of audits?
Absolutely! SARAH’s advanced technology helps identify issues that might be missed during manual checks. This leads to more accurate audits and better financial health for businesses.
