AI Products

Suite of Micro-Apps that Elevate Accounting

Helping accountants fully realize their potential

The Fiscalix Audit Suite is transformational in multiple ways:
  • Automate the audit life cycle and reclaim time
  • Ingest financial documents to ease analyses and recommend actions
  • Provide advanced analytics tools for error detection and effective sampling
  • Turbo-charge an auditor to enhance output within compressed timelines
  • Provide a natural, intuitive, and seamless interface
  • Deliver responsible automation with accuracy, security, and compliance

Our platform empowers accounting and audit professionals to shift their focus from time-consuming chores to high-impact, value-added activities like providing more insightful financial feedback, problem-solving on difficult accounting and compliance challenges, and enabling meaningful client interactions.

Audit Micro-Apps Suite

Our AI Micro-Apps targeting the Audit area simplify and enhance the end-to-end Audit process through Engagement, Planning, Execution and Closure.

Engagement

  • Onboarding Streamlines the client onboarding process by intelligently analyzing data from both internal and external sources. Automates workflows with precision and ensures compliance.
  • Budgeting Automates the budgeting template, drawing on internal metrics and finalizes pricing based on tiered structures
  • Staffing Optimizes team selection and role assignment, facilitates conflict and independence checks, drives robust practice management

Audit Planning

  • Preliminary Analytics- The Preliminary Analytics MicroApp consists the following:
    • Decoder Enables the conversion of client’s financial statements into a unified format, laying the foundation for financial analysis.
    • Financial Ratios Automates calculation of financial ratios and provides AI generated insights on impact of ratio movements
    • Variance Analysis Tracks variance in financial statements to better understand company performance, enabling sharper audit focus
    • Materiality Analysis Calculates minimum thresholds based on multiple factors to support audit planning and execution
  • 8-K Analyzer Automates analysis of 8-K filings, extracting key details and mapping them to financial statement line items. Provides auditors with insightful summaries and a clear view of audit impact
  • Audit Planner Create detailed, comprehensive and customized master audit plans, synthesizing insights from previous stages

Audit Execution

  • Policies & Compliance Utilizes AI to evaluate client policy compliance against relevant accounting standards
  • Audit Programs Automates audit substantive procedures and enhances accuracy and efficiency in evaluating financial statement integrity
  • Controls & Risk Facilitates comprehensive risk analysis and control testing to enable the auditor to evaluate the efficacy of internal controls and degree of risks for each client

Audit Closure

  • Execution ReviewStreamlines the iterative review process among EQR, Partner and Manager - enforcing quality standards and ensuring completeness
  • Audit Report Compiles all findings, synthesize data and generate insights to draft Audit Report
  • Closing Streamlines audit closure meetings, minutes, workpaper sign-offs, closure emails and audit trails

Workflow & Practice Management Toolkit

Fiscalix AI further elevates the audit process as it synthesizes and integrates data from all relevant micro-apps to help drive insights for efficient project and firm management. Core functionalities in this toolkit include

  • Practice Manager Offers a complete overview of your firm’s operations. Manages client portfolios, tracks ongoing projects, monitors staff and skill inventories, and provides insights into billing and financials to enhance productivity and improve financial metrics.
  • Clients Overview High-level and detailed coverage of client size, performance, contacts, key personnel and accounting standard and preferences
  • Engagement Planner Overall project details, charter, dependencies, resources and ongoing task management with timesheets and productivity modules

Other AI Product Suites Under Development

  • Direct and Indirect Tax An all-encompassing direct and indirect taxation product suite Virtualizing each step of the tax process; from engagement, planning, return preparation, review & submission to post-submission activities.
  • Internal Audit & Pre-Audit A comprehensive Internal Audit & Pre-Audit product suite using AI in every aspect of the operation from scoping, risk assessment, audit plan development, execution, reporting & communication and monitoring.

Fiscalix is a part of

307 Seventh Avenue Suite 1601,
New York, NY 10001.

Contact Us

info@fiscalix.com

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