Latest News

Engine B introduces EB Integration Engine to radically improve audit quality

Engine B, a next-generation AI-driven audit technology company, today announced the launch of its new data ingestion and standardisation tool, the EB Integration Engine. The tool simplifies data preparation for auditors, reducing the time taken to understand client data, improving audit quality, and speeding up fundamental audit tasks like reconciliation. The Integration Engine allows users to convert files quickly and securely into a common, easy-to-understand format by connecting to their client’s data through their finance team’s standard reports, via a download or by direct connection to their system through an API.

Addressing the audit data challenge

Audit firms rely heavily on client data for the audit process but accessing good quality, reliable data to use for analysis is a real challenge. The breadth and format of the data can differ widely, with huge inconsistencies in the output of different finance systems all of which makes data preparation expensive and time consuming.

The EB Integration Engine saves auditors huge amounts of time per audit, drastically cutting the time needed to prepare, format and sort data. By providing data in a consistent, standardised format, regardless of source system, the auditor is presented with all the information needed to do their job. Better quality data makes risks easier to identify and improves audit quality.

By paving the way for standardised data access using an open source model, the EB Integration Engine also enables greater innovation and more competition across the audit industry.

Shamus Rae, Founder and CEO, Engine B said: “The EB Integration Engine has the potential to be truly game changing for the audit industry as it provides the high quality, standard data needed to improve audit quality while saving time and money. Supporting firms in levelling-up the audit marketplace is very much in our company DNA and we are excited to see the positive, transformative impact this will have on the industry.”

For more information about Engine B please visit www.engineb.com