General Audit Software

With only a few exceptions, most companies are required to have their accounts audited. Since most of the accounting-related verifications can now be automated with the help of dedicated software, audits can also be completed the same way. For this purpose, a general audit software can be a very useful tool that helps company employees and external auditors to perform their tasks.

PAID Analytix can also provide general audit software packages meant to assist companies in this important task. One of the main benefits of our program is that it relies on Artificial Intelligence, so all investigations are completed in a much thorough and quicker way.
 

A general audit software (GAS) usually comes as a package that encompasses multiple tools and is meant to perform various tasks. GAS is usually installed just like any other program on one or more computers. Its main advantage is that it relieves auditors and accountants from auditing accounting documents the traditional way.

A general audit software can:
 

It can also be used as an investigation tool when suspicions if fraud arise.

PAID Analytix’ general audit software used Artificial Intelligence in order to provide a more accurate picture of the standard or custom verifications performed or requested by business owners.

You can rely on our software for tailored accounts payable audits, one of the most important tasks when it comes to having good control of the business’ financial standing.
 

Duplicate payments are a major concern for many businesses. As the volume of invoices increases, so will the chances of making erroneous payments. These can be reduced by putting in place specific protocols that help companies avoid double payments and the exposure to financial losses.

Compared to traditional audit tools, a general audit software is much faster which gives it the advantage of obtaining the data sought is a shorter timeframe. However, that is not the only advantage of such a tool.

A GAS can select the requested information, complete various calculations, and issue report in specific formats used in auditing. Also, such a software can be employed by auditors to have direct access to large volumes of data stored on computers. Moreover, it is a great tool that can be used to choose the quantity of data to verify out of the many files available.

Also, a GAS can check the following metrics of financial records:
 

The accounts payable process also involves responding to vendor inquiries. Maintaining internal controls to spot duplicate or fraudulent invoices, avoiding double payments, and performing accounts payable audits are further activities that can ensure a company’s financial health.

It can also compare data and come up with accurate results by highlighting inconsistencies.

When using an AI-based general audit software, all tasks are completed faster while all settings can be preserved for other upcoming audits. 

If you have any questions about our general audit software packages, our specialists can offer an in-depth presentation.
 

A general audit software can be integrated with other tools used by the accounting department of a company. For example, it can work with or alongside an internal audit software, thus providing a clearer picture of the business’ financial standing.

Based on the information retrieved with the help of a GAS, cross-referencing accounting data is easier, and all the procedure is completed without having to personally check the information.

A general audit software can also be a great tool in detecting accounting fraud and can be useful when trying to recover lost amounts of money, as it can indicate the source of the leakage.

If you are interested in purchasing a general audit software, you can check our tool designed for medium and large-sized enterprises that also the ones requiring most of the attention from a financial point of view.
 

Using a GAS is not complicated, as after having it installed it will work as any other automated accounting tool. Apart from simplifying strenuous tasks, it is quite intuitive and easy to use.

General audit software tools are not new, as they have been around for a while now, and our solution is even simpler to use as it employs Artificial Intelligence meant to personalize the entire audit procedure.

When it comes to other GAS tools, various reports have concluded that these are more efficient compared to traditional audit procedures. During a survey completed by 277 auditors:
 

If you want to know more about our general audit software, do not hesitate to contact us as soon as possible!