What is Sheetsway?
Sheetsway provides a comprehensive platform for financial audits, leveraging Artificial Intelligence (AI) and Optical Character Recognition (OCR) to automate and enhance the auditing process. It serves as an organizational management tool specifically designed for auditors, consolidating essential functions into a single portal. The platform aims to simplify complex audit tasks, allowing auditors to focus more on client interaction rather than software management.
Key functionalities include automatic financial statement mapping, industry-specific AI insights for tailored audit planning, and seamless integration with familiar tools like Microsoft Word and Excel through dedicated plugins. Sheetsway facilitates efficient data handling with features like document extraction, automatic classification of trial balances, and reconciliation capabilities. It also incorporates a client portal for improved communication and document exchange, ensuring clients are kept informed throughout the audit workflow.
Features
- AI-Powered Audit Automation: Utilizes AI and OCR for streamlined audit processes.
- Industry Intelligence AI: Provides industry-specific insights for tailored audit planning and analysis.
- Automatic Financial Statement Mapping: Instantly aligns imported financials with statement lines.
- Document Extraction & Auto Classification: Extracts data from documents and automatically classifies trial balances.
- Word & Excel Plugins: Integrates seamlessly with Microsoft Office for drafting and data population.
- Client Portal: Facilitates communication, query responses, and document uploads with clients.
- Reconciliation Tools: Assists in reconciling financial data.
- Customizable Templates & Workflows: Allows tailoring of audit programs and templates.
- PDF Referencing: Links document sections directly to working papers for easy cross-checking.
- Risk Analysis Tools: Supports custom risk-based auditing approaches.
Use Cases
- Automating financial statement audits.
- Streamlining audit planning and fieldwork based on industry specifics.
- Efficiently extracting and classifying data from financial documents.
- Preparing audit letters and financial statements using integrated plugins.
- Improving communication and collaboration with audit clients via a dedicated portal.
- Performing reconciliations and account sampling.
- Managing audit documentation and cross-referencing evidence.
- Conducting risk-based audits with AI assistance.
FAQs
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Does Sheetsway integrate with other software?
Yes, Sheetsway offers plugins for Microsoft Word and Excel to facilitate drafting letters, preparing financial statements, and populating working papers. -
Can clients interact with the audit process through Sheetsway?
Yes, Sheetsway includes a client portal where clients can answer queries, review figures, upload documents, and complete KYC information. -
How does Sheetsway handle different industries?
Sheetsway features an Industry Expert AI that tailors audit planning, fieldwork creation, and conclusion preparation based on the specific industry of the client. -
Is there a trial period available for Sheetsway?
Yes, Sheetsway offers a 30-day free trial without requiring a credit card. -
What AI capabilities does Sheetsway offer?
Sheetsway leverages AI for automatic financial statement mapping, industry-specific insights, procedure generation, automated classification, and includes an AI Chat Bot (currently under development).
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