Product Overview: Agentive
Agentive is an innovative AI-powered auditing platform designed to revolutionize the audit process by significantly enhancing efficiency and reducing the time spent on audit procedures.
What Agentive Does
Agentive is tailored to help auditors streamline their work by automating repetitive and time-consuming tasks. The platform addresses the common pain points in auditing, such as the extensive time spent searching, extracting, and manipulating data, as well as preparing audit documentation. By leveraging advanced AI technologies, Agentive enables auditors to focus more on strategic aspects of auditing rather than getting bogged down in manual work.
Key Features and Functionality
AI-Powered Copilot
Agentive’s core feature is its AI-powered copilot, which uses large language models trained specifically for accounting and audit use cases. This copilot assists auditors in analyzing financial records, performing audit procedures, and drafting documentation with up to 10x efficiency compared to traditional methods.
In-Browser Spreadsheet Editor and Document Viewer
The platform provides an intuitive in-browser spreadsheet editor and document viewer where auditors can use natural language to interact with Agentive’s copilot. This interface allows for seamless analysis of evidence, performance of procedures, and generation of documentation, similar to working with tools like ChatGPT.
Efficiency and Traceability
Agentive not only speeds up the preparation of documents by audit staff but also enhances the efficiency of management and partner reviews. The system ensures that AI-generated data can be easily traced back to its source, maintaining transparency and reliability.
Automation of Standardized Tasks
Since audit procedures are often standardized across clients and documentation is frequently identical year over year, Agentive automates these repetitive tasks. This automation helps in reducing the high turnover in audit staff and the shortage of accountants entering the profession, as auditors can now focus on more strategic and engaging work.
User-Friendly Interface
The platform is designed to be user-friendly, allowing auditors to quickly adapt to the new technology without extensive training. The interface includes essential features for easy setup and informative touchpoints, ensuring that auditors can efficiently manage their tasks.
Benefits
- Increased Efficiency: Agentive significantly reduces the time spent on data extraction, manipulation, and documentation preparation, allowing auditors to focus on higher-value tasks.
- Improved Accuracy: By automating routine tasks, the platform minimizes the risk of human error and ensures consistency in audit procedures.
- Enhanced Productivity: Auditors can now spend more time on audit strategy and decision-making, leading to better outcomes and higher job satisfaction.
- Simplified Review Process: The platform streamlines the review process for management and partners, making it easier to oversee and approve audit documentation.
In summary, Agentive is a groundbreaking tool for auditors, leveraging AI to automate and streamline audit procedures, thereby enhancing efficiency, accuracy, and overall productivity in the auditing process.