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MindBridge Platform

MindBridge Platform

Overview

What is MindBridge Platform?

MindBridge Ai Auditor is an AI powered auditing & financial risk assessment platform, from the company of the same name in Ottawa.

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Pricing

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What is MindBridge Platform?

MindBridge Ai Auditor is an AI powered auditing & financial risk assessment platform, from the company of the same name in Ottawa.

Entry-level set up fee?

  • Setup fee required

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  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Details

What is MindBridge Platform?

An AI powered auditing & financial risk assessment platform, MindBridge Ai Auditor supports financial analysis. The vendor states that with its fast, risk-ranked analysis on 100% of transactions, with zero scripting, users can provide greater assurance than ever before, all while saving valuable time and resources. Ai Auditor is designed to supersede CAAT tools and eliminate the associated risk of missing errors or fraud that may lurk in financial data.
As opposed to financial risk assessment tools that only look at accounts and entries in isolation, Ai Auditor identifies unusual transactions by also looking at the monetary flows between accounts, all credits and all debits, to provide vision into the state of data, arming users with a better understanding of individual transactions and identify potential issues.

Ai Auditor platform is designed to empower insights through transparency, without black-box obfuscation what is happening beneath the surface, so all of the details on what tests triggered risk rankings are at the user's fingertips, for every line item. Its reporting interface encourages users to explore, investigate – seeing exactly what is drawing concern, and why.

MindBridge Platform Features

  • Supported: Augment your capacity to detect errors in the data
  • Supported: Enhance auditing with explainable AI
  • Supported: A/B testing has shown the platform is 20 to 900 times more likely to identify errors in the data.

MindBridge Platform Screenshots

Screenshot of MindBridge Ai Auditor DashboardScreenshot of Risk by Account Report

MindBridge Platform Videos

MindBridge Platform Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
Supported CountriesNorth America, South America, EMEA, Australia, New Zealand
Supported LanguagesEnglish, French

Frequently Asked Questions

MindBridge Ai Auditor is an AI powered auditing & financial risk assessment platform, from the company of the same name in Ottawa.

CaseWare IDEA, FileAudit, and Thomson Reuters AdvanceFlow are common alternatives for MindBridge Platform.

The most common users of MindBridge Platform are from Mid-sized Companies (51-1,000 employees).
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Comparisons

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Reviews and Ratings

(5)

Attribute Ratings

Reviews

(1-1 of 1)
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Score 10 out of 10
Vetted Review
Verified User
As a CPA firm, we wanted to provide our attest clients with an audit that was more efficient and effective. We experimented with MindBridge Ai for a few months and were very pleased with the results. We made a two year purchase commitment and are using the tool on eight audits this corporate season.
  • Using the output from MB AI we have been able to reduce the inherent risk and analytical procedures risk assessments in our audits which have reduced our substantive testing sample sizes.
  • The output from MB AI allows us to focus on the medium risk and high risk transactions that were recorded in the general ledger during the year.
  • Our younger, more technologically advanced team members really enjoy working with MB AI.
  • Because the software is so robust, the learning curve is fairly lengthy, but MB's customer service has been fantastic.
MB AI is well suited for corporate audits of all sizes from Quickbooks environments to large ERP systems. Actually, the more data in a client's general ledger the better. First-time audits will benefit greatly from MB AI as the learning curve and digestion of data will be accelerated.
  • We are finding that sample sizes and overall risk assessments are decreasing with then correlates to reduces audit hours on engagements.
  • The learning curve is fairly steep in the first year and this offsets most of the efficiency gains in that first year.
  • Our audits are more effective as MB AI is identifying high and medium risk transactions that we may not have identified using traditional audit procedures.
We did not consider any other similar products.
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