new york, April 10, 2024 /PRNewswire/ — DataSnipper, an intelligent automation platform, announces two new product suites for audit and finance professionals: Advanced Extraction Suite and Cloud Collaboration Suite. With this recent scale-up, we aim to further develop our software and serve new markets. 100 million dollars at an appraised value of 1 billion dollars.
data snipper platform
data snipper platform
The industry is grappling with high employee turnover, a shift to remote work, and heavy, error-prone manual labor amid increasing regulatory demands. New suite uses AI to automate large-scale data extraction from unstructured documents and facilitates cloud-based collaboration to improve productivity for audit and finance teams while reducing risk .
DataSnipper's Advanced Extraction Suite increases productivity by enabling large-scale data extraction from unstructured documents. With AI at its core, this suite enables audit and finance professionals to automatically discover, extract, and cross-reference data from any document format, streamlining workflows and eliminating discrepancies and more strategic work. It saves you time to concentrate. This suite includes three main features.
- Invoice extraction: Automate bulk invoice data extraction, such as invoice ID and total amount.
- Receipt Extraction: Get important details from receipts, such as merchant name and transaction date.
- Contract Extraction: Instantly capture important data from contracts, such as effective date, execution date, parties, and jurisdiction.
Customers are already reporting up to 70% efficiency gains using Advanced Extraction Suite. “Aprio's assurance practice has begun using DataSnipper's advanced extraction suite to streamline the process of detailed testing,” he said. alain lingerie, Partners, Warranty Services. “This suite allows you to bulk extract multiple data fields from invoices and cash confirmations with high accuracy and efficiency,” Langeli added.
Audit and finance professionals leverage DataSnipper's AI capabilities to automate simple tasks at scale. The majority of DataSnipper customers (74%) trust AI to deliver quality in their roles, and 83% would stay with their company if they used AI tools to improve efficiency. More likely.
Cloud Collaboration Suite revolutionizes document collaboration with real-time online access to documents. Powered by DataSnipper for Excel Online, this suite enables seamless team collaboration through any web browser, including Mac devices. Working papers and cross-referenced documents are instantly saved to SharePoint, making your team more efficient with reliable data retrieval. A standout feature, his WebSnip Extension, allows users to “snip” data from her web pages directly into Excel, increasing the reliability of the evidence through captured URLs and timestamps.
The new add-on module leverages DataSnipper's robust platform features, including automatic document cross-referencing, to create a clear document trail that facilitates review and validation, increasing consistency, accuracy, and reliability.
Intelligent automation is transforming the way audit and finance professionals work, using AI to provide unprecedented quality and scalability to their roles. DataSnipper continues to be the trusted, intelligent automation platform used by audit and finance professionals.
Click here for more information. Advanced extraction suite and Cloud collaboration suite.
Media contact:
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About data snipper
DataSnipper transforms data for the audit and financial industries. Founded in 2017, DataSnipper provides audit and finance teams with an intelligent automation platform that significantly improves the quality and efficiency of audit and finance procedures. DataSnipper is used by 500K Our audit and finance professionals are located in more than 125 countries and serve all four of the world's largest audit firms: Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC). Masu.
For more information, please visit www.datasnipper.com.
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