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AI Will Not Replace Auditors, But Empower Them

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DataSnipper AI Report 2024

AMSTERDAM, June 13, 2024 /PRNewswire/ — DataSnipper, the leading intelligent automation platform for audit and finance professionals, today released its new AI Report 2024. This in-depth report explores the transformative impact of artificial intelligence on the audit and finance industry, providing a comprehensive analysis of how AI is revolutionizing workflows, enhancing productivity, and improving job satisfaction across the sector.

AI Will Not Replace Auditors, But Empower Them

The audit and finance industry is in the midst of a significant transformation, driven by the rapid adoption of AI technologies. After introducing a new suite to automate data extraction from documents at scale using AI, DataSnipper’s AI Report 2024 captures key trends and insights from over 150 industry professionals, offering a well-rounded perspective on AI adoption.

Turbocharging Efficiency: AI as a Game-Changer

A striking 77% of auditors now trust AI to deliver quality and efficiency in their roles, a notable increase from 74% in last year’s report. This growing trust underscores the reliability and effectiveness of AI in enhancing audit processes. As one survey participant shared, “AI has really earned our trust. It has boosted the accuracy in our work so much. It’s like having an extra teammate we can always count on.”

AI continues to transform the audit landscape by automating repetitive tasks, allowing professionals to focus on more complex and strategic work. An impressive 88% of respondents reported that AI helps reduce the time spent on manual tasks, up from 86% last year. The efficiency gains are undeniable, with AI enabling faster data analysis and streamlined workflows. One auditor shared, “AI has reduced our data processing time by half, allowing us to dedicate more time to client interactions and strategic planning.”

Retaining Talent: The AI Advantage

AI is proving to be a crucial factor in retaining top talent. This year, 80% of participants indicated they would be more inclined to stay at a firm with strong AI initiatives. This finding highlights the importance of AI in creating a modern, efficient work environment that appeals to younger professionals. “Knowing my firm invests in AI makes me feel valued and future-ready,” said a young auditor.

AI’s impact extends beyond work efficiency to improving work-life balance. In 2024, 63% of respondents said AI helps them achieve a better balance, a significant increase from 46% last year. AI is making auditing a more enjoyable and less stressful profession, enhancing overall job satisfaction. One respondent noted, “AI helps improve my work-life balance by cutting down on the time I spend on repetitive tasks. It has made a huge difference in my overall happiness.”

Adoption in Progress: Room for Growth

Busy seasons are becoming less daunting with AI on board. This year, 81% of survey respondents reported increased efficiency during peak periods thanks to AI, up from 68% last year. AI not only saves time but also reduces errors, ensuring higher quality work under tight deadlines. “AI has been a lifesaver during the busy season. It handles the grunt work, so we can focus on critical analysis and reporting,” remarked an auditor.

While many professionals are leveraging AI, there is still significant room for broader adoption. Currently, the largest group of respondents reported that less than 25% of all employees benefit from using AI. Firms are encouraged to continue training their staff and integrating AI technologies to stay competitive and fully realize AI’s potential.

Strategic Investment: Leading with AI

Looking ahead, 88% of our survey respondents anticipate significant advancements and increased implementation of AI tools in their firms over the next 24 months. This projected growth underscores the industry’s recognition of AI’s value and the commitment to integrating these technologies for improved efficiency, accuracy, and strategic insights.

Investment in AI by Partner and C-level executives is on the rise, with 70% indicating their firms are willing to invest in AI over the next 12 months. This commitment to innovation is critical for long-term success in the audit and finance industry.

“The 2024 AI Report clearly illustrates that AI is here to stay, making significant improvements to the audit and finance profession -from boosting efficiency and retaining talent to improving work-life balance. Businesses that embrace AI are not only future-proofing their operations but also fostering more satisfied and productive workforces,” says DataSnipper CEO Vidya Peters.

Read the full report here.

Media contact:
Bas Willems
Bas.willems@datasnipper.com

About DataSnipper

DataSnipper is transforming data in the audit and financial industry. Founded in 2017, DataSnipper provides audit and finance teams with an intelligent automation platform to drastically increase the quality and efficiency of audit and finance procedures. DataSnipper is used by over 500K audit and finance professionals in 125+ countries and serves all four of the largest global auditing firms: Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC).

For more information, please visit www.datasnipper.com

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Globant Wins 2025 Google Cloud Country Partner of the Year Award in Argentina and Talent Development Partner of the Year for Latin America

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The awards recognize Globant’s expertise leveraging Google Cloud services and solutions in Argentina, as well as its commitment to growing and promoting Globant’s cloud skills in Latin America

SAN FRANCISCO, April 8, 2025 /PRNewswire/ — Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced that it has received the 2025 Google Cloud Country Partner of the Year Award for Argentina and the Talent Development Partner of the Year Award for Latin America. This marks the second year in a row that Globant has received the Talent Development Partner of the Year – Latin America recognition.

These awards acknowledge Globant’s achievements driving sales and delivering outstanding outcomes for Google Cloud customers in Argentina, as well as Globant’s commitment to training, upskilling, and reskilling its workforce in Latin America on leading-edge cloud technology with Google Cloud certifications.

Across Latin America, Globant’s talented team works with some of the world’s biggest companies across industries like technology, education, pharmaceutical, oil and gas, financial services, and more. Globant provides the necessary guidance, resources, and training to help its workforce deliver high-quality Google Cloud solutions and drive strong year-over-year growth in Google Cloud certifications, including custom bootcamps featuring an emphasis on gen AI and data services. Last year, Globant placed first in the region in the acquisition of Google Cloud Generative AI Skill Badges, reflecting the company’s preparation for customers’ increased demand for these technologies.

“Google Cloud’s Partner Awards recognize partners who have created outsized value for customers through the delivery of innovative solutions and a high level of expertise,” said Kevin Ichhpurani, President, Global Partner Ecosystem, Google Cloud. “We’re proud to announce Globant as a 2025 Google Cloud Partner Award winner and celebrate their impact enabling customer success over the past year.”

“At Globant, innovation is at the core of everything we do, and we believe talent is the driving force behind it. That’s why we are deeply committed to continuous upskilling and reskilling, equipping our Globers with the latest knowledge and tools to deliver exceptional experiences and results for our customers across Argentina, Latin America, and beyond,” said Veronica Gimenez, Global Chief Capacity Officer at Globant. “To help our joint customers stay competitive and accelerate their transformation, we ensure our teams are always at the forefront of Google Cloud technologies, including its cutting-edge Generative AI solutions. Receiving these distinctions for our talent is a great honor and reaffirms our dedication to excellence, innovation, and creating real impact through technology.”

“We are incredibly proud to receive these 2025 Google Cloud Partner of the Year Awards, which are a testament to our strong collaboration with Google Cloud and our shared commitment to driving innovation,” said Diego Tartara, Global Chief Technology Officer at Globant. “By leveraging Google Cloud’s cutting-edge solutions, we continue to push the boundaries of what’s possible, delivering transformative solutions that help our customers overcome their most pressing business challenges.”

Globant and Google Cloud have more than 15 years of experience collaborating to help organizations transform their business, modernize their platforms, secure their workloads, and make data-driven decisions through the use of Google Cloud services. In 2023, Globant launched its Google Cloud Studio containing a dedicated team of experts with deep and wide reach in Google Cloud products. For more information about Globant’s Google Cloud Studio, please visit www.globant.com/studio/google-cloud.

About Globant
At Globant, we create the digitally-native products that people love. We bridge the gap between businesses and consumers through technology and creativity, leveraging our expertise in AI. We dare to digitally transform organizations and strive to delight their customers.

We have more than 31,200 employees and are present in 35 countries across 5 continents, working for companies like Google, Electronic Arts, and Santander, among others.We were named a Worldwide Leader in AI Services (2023) and a Worldwide Leader in Media Consultation, Integration, and Business Operations Cloud Service Providers (2024) by IDC MarketScape report.We are the fastest-growing IT brand and the 5th strongest IT brand globally (2024), according to Brand Finance.We were featured as a business case study at Harvard, MIT, and Stanford.We are active members of The Green Software Foundation (GSF) and the Cybersecurity Tech Accord.

Contact: pr@globant.com
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Fraud.net Introduces “Entity Screening” to Transform Compliance and Risk Management

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NEW YORK, April 8, 2025 /PRNewswire/ — Fraud.net is excited to announce the launch of Entity Screening, designed to streamline compliance and enhance risk management for businesses worldwide. By centralizing and automating the screening, verification, and approvals of businesses and organizations, Entity Screening enables enterprises to reduce costs, save time, and make smarter, faster decisions. Launching alongside Fraud.net’s redesigned website and refreshed branding, it exemplifies the company’s commitment to innovation and providing businesses with cutting-edge solutions.

Entity Screening validates business credentials and screens against global lists, including OFAC, UBO, Adverse Media, and more, in real-time, with customizable workflows and intuitive automation. A unified dashboard allows businesses to manage screenings, alerts, cases, and historical data in one place, simplifying the user experience and enhancing visibility across operations.

Entity Screening is designed with versatility in mind, accelerating the approval process while adhering to strict compliance standards. It supports ongoing monitoring by conducting periodic re-screening of entities, allowing businesses to identify any emerging risks proactively. Furthermore, it simplifies regulatory compliance audits by maintaining detailed records and insights.

“In today’s regulatory environment, agility and accuracy are essential. Entity Screening empowers our clients to simplify complex processes, reduce costs, and strengthen their compliance frameworks,” said Whitney Anderson, CEO of Fraud.net. “We’re thrilled to bring this to market in order to provide businesses with the confidence to make informed decisions at critical moments.”

For more information, visit Fraud.net.

About Fraud.net
Fraud.net delivers an AI-powered platform for fraud prevention, AML compliance, and digital risk management. Trusted by financial institutions and digital commerce enterprises worldwide, our patented cloud-native solution prevents fraud, money laundering, and financial crimes in real-time while automating customer onboarding, monitoring, and compliance workflows. Our platform leverages collective intelligence derived from billions of transactions and digital identities. With a no-code/low-code architecture that natively integrates data from 50+ leading providers, and advanced AI and rules-based decision engines, Fraud.net empowers businesses to make smarter, faster, and more profitable decisions.

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Knexus Wins 2025 Google Cloud Business Applications Partner of the Year Award for Government

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NATIONAL HARBOR, Md., April 8, 2025 /PRNewswire/ — Knexus announced today that it has received the 2025 Google Cloud Business Applications Partner of the Year Award for Government. Knexus is being recognized for their achievements in the Google Cloud ecosystem, helping joint customers leverage Google Cloud’s AI tools for deployment in government agencies, enhancing their operational efficiencies and enabling government users to extract real-world value from AI systems. The award acknowledges the company’s commitment to leveraging Google Cloud’s AI technologies to address the unique challenges faced by the public sector.

“Google Cloud’s Partner Awards recognize partners who have created outsized value for customers through the delivery of innovative solutions and a high level of expertise,” said Kevin Ichhpurani, President, Global Partner Ecosystem, Google Cloud. “We’re proud to announce Knexus as a 2025 Google Cloud Partner Award winner and celebrate their impact enabling customer success over the past year.”

The Google Cloud Business Applications Partner of the Year Award for Government is presented to partners who have shown exceptional performance in helping government organizations modernize their operations using Google Cloud. Knexus has distinguished itself by deploying secure AI solutions across a multitude of public sector use cases, including data analysis, training enhancement, scenario generation and contested logistics. Through our combined efforts, Knexus recently secured a 5-year, $50M ceiling Indefinite Delivery/Indefinite Quantity (IDIQ) contract with the Defense Logistics Agency (DLA) to incorporate Generative AI (GenAI) solutions into the fabric of the agency.

At the award ceremony at Google Cloud Next 2025, Knexus CEO Adam Lurie said, “I’m pleased to accept this award on behalf of the hardworking team at Knexus. The AI revolution is in its infancy and Knexus is committed to advancing the science, engineering and deployment of AI enabled systems for our government customers to ensure the continued safety and security of the country. Our partnership with Google Cloud has allowed us to leverage their state-of-the-art products for the public good and continues to push the boundaries of what’s possible with AI for Government.”

Building on nearly two decades of experience in the Government sector, Knexus, in collaboration with Google Cloud, is ready to deploy a broad range of impactful AI applications. This Google Cloud Partner of the Year Award reinforces our commitment to driving innovation and delivering usable, deployable and trustworthy AI solutions for the public sector.

About Knexus: For nearly two decades, Knexus has worked with dozens of agencies across the US Government as a trusted partner to deliver tailored AI solutions to mission-critical problems. With four patents and 100+ peer reviewed scientific papers, the scientists and engineers of Knexus are routinely smashing through the barriers between human and machine intelligence. As a Google Cloud Service Partner and Reseller Partner, Knexus offers its customers expertise in working with Google Cloud’s AI products, such as the Vertex AI platform and Gemini models, to deliver AI solutions to the public sector.

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