Validis provides instant access to business data. Credit: PreciousJ/Shutterstock.

Caseware, a provider of cloud-enabled audit, financial reporting and data analytics solutions, and software company Validis have teamed up to provide audit firms with strong data ingestion tools.

This collaboration aims to deliver audit-ready data for accounting and audit firms from various sources, streamlined and prepared for analysis.

The integration of Validis’s technology with Caseware’s cloud-based platform is set to benefit customers in the US and eventually worldwide, including Canada, the UK, Australia, and New Zealand.

Validis provides instant access to business data from many major accounting systems.

Caseware chief commercial officer Davis Jackson said: “Quality data is the cornerstone of our vision at Caseware. It fuels our commitment to deliver precise, insightful, and transformative solutions for audit and accounting professionals.

“By ensuring the highest standards of data integrity and accuracy, we enable them to make informed decisions, drive innovation, and achieve unparalleled results. Our collaboration with Validis amplifies our commitment to empowering accounting professionals to do their jobs better than they ever have before.”

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The partnership with Caseware will now extend these capabilities to Caseware’s customers, offering a more efficient and scalable solution for data collection and analysis.

The benefits of automated data collection and standardisation include time-saving in data gathering and cleaning, allowing firms to focus on analysis and decision-making based on these results.

Standardised data also simplifies the process of identifying discrepancies, evaluating bookkeeping quality, as well as analysing client portfolio trends.

Validis managing director accounting Jeff Gramlich said: “We’re excited to collaborate with Caseware to deliver audit-ready data through our cutting-edge standardisation capabilities.

“This partnership provides auditors with the data breadth and granularity crucial for delivering a data-driven audit. By integrating our technologies, we’re empowering auditors to conduct data-driven audits with enhanced efficiency and risk analysis, ultimately transforming the process to benefit both auditors and their clients.”