25 January 2025 | Product News. | byInsight Consulting
CaseWare, a global leader in cloud-enabled audit, financial reporting and data analytics solutions, today announced the acquisition of Extractly.ai, the provider of intelligent document processing solutions that streamline the audit process for accounting and finance teams. Founded in 2021, Extractly.ai offers solutions that understand and process accounting and financial documents, delivering actionable results and enabling automated workflows.This strategic acquisition includes Extractly.ai’s proprietary software solutions, Validate and Extractly+ which are available in all English-speaking markets. Plans to localize Validate are due to be announced in the future.Validate’s AI-powered algorithms automate the financial statement review process. The cloud-based solution enables accounting professionals in audit and in corporate financial reporting to automate the tedious task of validating the accuracy of their financial statement reports for mathematical accuracy, internal consistency, prior period consistency and consistency across versions.Extractly+ optimizes workflows with automated PDF data extraction and document matching, eliminating manual searching and data entry. It delivers reliable data, allowing team members to gain maximum insight via trusted extracted data, resulting in higher-quality outputs completed in less time. Collaborative data access promotes teamwork and informed decision-making by facilitating easy sharing of extracted data among team members, enhancing productivity.
