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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
Incentivized
MindBridge [Platform] is used solely by the audit department in our company in order to create a more in-depth preliminary risk assessment analytic. The tool is currently only used for its general ledger analysis functionality, but the AR/AP modules are being explored for use as well. MindBridge [Platform] helps the engagement team assess the client's risk on a transactional level, which we use to corroborate the level of testing performed on various account balances and classes of transactions.
  • Simple web layout - easy to navigate throughout the tool
  • Dedicated customer success team - always willing to help solve questions and problems that come up
  • Provides many resources for success and scalability - ranges from workpaper documentation ideas to training resources
  • Some of the web drop-downs should be formatted differently - they cut-off when you reach the end of the page, and you can't begin typing a keyword to locate what you want (mostly in mapping account groupings)
  • Trends analysis doesn't allow a drill-down to the account level.
MindBridge [Platform] is an excellent tool to use to gain additional comfort over client's data. The key areas it helps with are analytical procedure risk and inherent risk, but depending on the data you have, it can also be able to assess control risk to a degree. It's a very malleable tool that can be made to fit your client, however, it does require upfront work (as the implementation of any new technology would). The tool may not be scalable for audit work that is very low-risk and requires little hour input in the first place as it may add more hours in the long-run than the normal audit would incur. Our team has used these low-risk audits in our implementation, however, to corroborate the results we get, which we felt has helped us achieve our successes with the tool.
  • The data table
  • Control points and risk overview
  • N/A for my level of involvement in assessing ROI
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