70% time saved on manual tasks

The challenge

Grant Thornton’s audit team found that the process of formatting client data was painful and time consuming. General Ledger files were particularly messy and inconsistent, which was time consuming to rectify and too fractured to format. This added to the workload, impacting team morale.

The solution

By implementing Validis, financial data was made available on-demand and in a consistent format. This saved Grant Thornton up to 70% in time and crucially freed up time for auditors to focus on delivering a quality service.

The processing of data analytics became smoother, saving the back and forth between the client and the team, especially on entities that have a large data set.

“The time saved from processing and formatting the data can now be spent on other aspects of the Audit, saving time and headaches overall. Not only is there time saving because formatting is no longer required, but the data coming from the client can be trusted to all be at an exact point in time.” Zhong Ang, Senior Data Analyst, Grant Thornton