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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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FREESMO Supercharges Support for First-Time Switchers with New Amazon Voucher Offer

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BRISTOL, England, May 21, 2025 /PRNewswire/ — Leading stop-smoking brand FREESMO is offering every first-time customer a £20 Amazon voucher when they spend £20 or more on their first order.

This new incentive replaces the brand’s popular Golden Ticket campaign, which previously awarded weekly prizes to a limited number of customers. Now, instead of only a handful of winners, every first-time customer wins.

“We’ve taken everything our customers loved about the Golden Ticket campaign and made it better,” said Georgi Keckarovski, CEO of FREESMO.

“We’re not just rewarding luck, we’re rewarding action. If you’re ready to switch to a better alternative, we’re ready to help, and that support now comes with a guaranteed reward.”

The announcement comes as the UK prepares for the ban on disposable vapes effective 1st June 2025, a move expected to disrupt the routines of thousands of smokers who currently rely on these products as part of their stop-smoking journey.

FREESMO has been at the forefront of supporting disposable users with expert advice, smoke-free product recommendations, and its unique Smoke-Free Questionnaire. Every first-time customer is encouraged to complete FREESMO’s Smoke-Free Questionnaire, which is a personalised tool designed to match smokers with the most suitable alternatives based on their nicotine habits and preferences.

With the ban approaching, FREESMO is urging users to take action now by finding the best alternatives or stocking up before disposable options disappear from shelves.

“Every nicotine user is different. That’s why a one-size-fits-all product recommendation just doesn’t work,” added George Keckarovski. “Our Smoke-Free Questionnaire ensures that every customer is getting a tailored recommendation so they’re not just buying a product, they’re making a truly informed choice.”

The new Amazon voucher deal is open to all first-time FREESMO customers throughout May. Returning customers can still take advantage of expert support, exclusive offers, and guidance on transitioning to long-term solutions like refillable kits, pod systems, or nicotine pouches.

To claim, new customers should visit freesmo.co.uk and spend £20 or more on their first orderThey will then receive a £20 Amazon voucher within 48 hours.

About FREESMO

FREESMO is more than just a service; it’s a collaborative effort powered by a team of experts, including counsellors and product specialists. Our professional team is at the heart of our solution, offering extensive knowledge and data on smoke-free products from a variety of brands. With a deep understanding of the psychological aspects of quitting, we’re committed to providing comprehensive support and guidance throughout your transformative journey.

We envision a world where individuals seamlessly transition to smoke-free alternatives, and everyone has access to personalised assistance on their path towards a smoke-free life.

Media Contact:
Luisa Figueroa
Public Relations at Fairway Corporate Solutions SRL
luisa.figueroa@fairway-corporate.com
www.fairway-corporate.com

Photo: https://mma.prnewswire.com/media/2692200/FREESMO_Smoke_Free.jpg

 

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China’s Largest PV+LNG Powered Car Carrier Sets Sail on Its Maiden Voyage with LONGi Solar Modules

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XI’AN, China, May 21, 2025 /PRNewswire/ — Recently, “Yuanhai Kou,” China’s largest ocean-going cargo ship, SOLAR+LNG dual-fuel car carrier, embarked on its maiden voyage from Nansha, Guangzhou. The vessel is fully loaded with vehicles produced by Chinese brands, over 90% of which are new energy vehicles, heading to countries such as Greece, Turkey, Italy, and Tunisia. LONGi, a global leader in solar technology, provided high-efficiency PV modules for the ship, helping create a globally leading model of low-carbon intelligent shipping with its reliable performance.

The “Yuanhai Kou” measures 199.9 meters in total length, with a gross tonnage of 68,252 tons and a displacement of 39,069 tons. It features 12 vehicle decks, including 8 fixed decks and 4 movable decks, with a loading capacity of 7,000 standard car parking spaces. It can carry all types of vehicles such as sedans, engineering vehicles, and buses, as well as MAFI cargo.

As China’s largest PV+LNG energy car carrier, the “Yuanhai Kou” boasts multiple green, low-carbon, and intelligent performance. In addition to adopting an advanced LNG (liquefied natural gas) dual-fuel main engine, it is equipped with a distributed PV system with a peak power of 302.8 kilowatts, currently the largest photovoltaic system installed on similar vessels.

The distributed PV system installed on the “Yuanhai Kou” is equipped with LONGi’s Sea-Shield series modules, which make full use of the upper deck space of the ship. More than 500 PV panels are installed throughout the ship, providing stable clean energy for the it’s lighting, communication, and other equipment. This PV system generates 410,000 kWh of electricity annually, saving approximately 111 tons of fuel and reducing carbon dioxide emissions by 345.9 tons, equivalent to planting about 38,000 trees annually (calculated based on a single tree fixing 9 kilograms of carbon per year).

Aiming at the shipborne scenarios with high salt spray, high humidity, and strong vibration at sea, the Sea-Shield series modules significantly enhance their salt spray resistance and waterproof performance through anti-corrosion frame materials, enhanced sealing processes, and special junction box designs, ensuring continuous and efficient power output under complex working conditions and assisting in the green power supply during the ship’s navigation.

As a global leading solar technology company, LONGi has successively developed and launched functional products to meet the needs of different scenarios. With its continuously upgraded and rich product matrix and solutions deeply integrated with the needs of segmented markets, it leads the trend of differentiated scenario products in the industry. In the future, LONGi will continue to join hands with more partners to light up the “Made in China” maritime journey with reliable and efficient green energy.

 

SOURCE LONGi Solar

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ION integrates and certifies FastTrade with Equiduct

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MILAN, May 21, 2025 /PRNewswire/ — ION, a global leader in trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates, announces the successful integration and certification of its FastTrade platform with Equiduct.

Through this integration, ION’s FastTrade clients can now enhance their Retail Execution Policy by incorporating Equiduct Apex’s zero-commission Best Execution service. The enhanced functionality will improve execution quality and ensure stronger compliance with MiFID II Best Execution obligations.

This integration is an important addition to the list of venues available for the execution strategies that clients can create using the powerful FastTrade Best Execution Engine. The Best Execution Engine is a fully customizable and programmable tool that supports ION’s clients in creating their own strategies to compete in a difficult, low commission market.

Giacomo Brandolini, FastTrade Product Owner, said: “We are proud to have completed this integration with Equiduct. It marks a key step in our mission to evolve our offering continuously and support our clients as they navigate increasingly complex equity trading environments.”

Tiffany Sour-Esrafil, Head of Business Development at Equiduct, said: “ION has long been a true pioneer and a backbone of Italy’s multi-asset trading technology landscape. We strongly believe this partnership will bring significant value to the Italian retail trading ecosystem and beyond, enabling clients to keep pace with the ongoing shift toward dynamic best execution and adapt to the new competitive retail brokerage environment.”

About Equiduct

Equiduct is the leading pan-European retail-focused exchange built around the specific needs of the retail community. Equiduct enables retail brokers to achieve Best Execution in Europe’s most liquid equities and ETFs across 13 European markets and provides high-quality cost-effective market data and insight products for both the retail community and institutional clients alike. A market segment of Börse Berlin, Equiduct operates under Article 44 of MiFID II. In 2024, Equiduct reported 35 active retail brokers, 15.2 million trades executed, and a turnover of €85 billion.

About ION

ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/.

About ION Markets

ION Markets provides transformative technology and solutions to financial institutions dealing in asset management, cleared derivatives, equities, fixed income, foreign exchange, and secured funding. Our award-winning end-to-end solutions simplify clients’ operations by automating the full trade lifecycle, providing tools to manage risk, and maximizing access to liquidity, while giving real-time access to critical information required for timely operational decisions and execution on a global scale. For more information, visit https://iongroup.com/markets/.

All product and company names herein may be trademarks of their registered owners.

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SOURCE ION

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