The Magic Data offers a comprehensive suite of digital solutions to help organizations digitize their audit processes. Our solutions are designed to streamline audit workflows, improve efficiency, and reduce costs, all while maintaining the highest standards of quality and accuracy.

With the advent of new technologies such as Big Data, AI, and ML, traditional audit processes have become outdated and time-consuming. Our solutions leverage these technologies to help organizations automate their Audit processes, reduce errors, and ensure compliance with industry standards and regulations.

Automated Audit Workflow:

Our solutions automate the entire audit workflow, from data collection to report generation, reducing the need for manual intervention and improving efficiency.

Automated Data Extraction:

These solutions are equipped with automated data extraction features that allow auditors to extract data from multiple sources and reduce the manual effort of data entry.We are also implementing AI/ML to automate the data extraction from PDFs/Images of any document and convert it into excel or csv format for further analysis

Audit Data Analytics:

Our solutions leverage the power of AI, ML, Big Data and advanced Analytics to help auditors gain insights into complex datasets quickly and easily. This helps organizations identify potential risks and opportunities and make informed decisions based on data-driven insights. We are developing Audit Scripts to automate repetitive task to produce exception & red flag indicator reports. To develop these audit scripts, we are using various tool Such IDEA CaseWare, Power BI, Tableau, QlikView, QlikSense, ACL, Python, R etc.

We cater to all the business cycles: Procure to Pay (P2P) Hire to Retire (H2R), Order to Cash (O2C) Segregation of Duties (SoD), Finance & Accounts, Inventory Management

Collaborative features

These solutions are often equipped with collaborative features that allow multiple users to work on the same audit simultaneously, improving efficiency and accuracy.

Secure data storage

Digital audit solutions offer secure data storage and backup options, ensuring that auditors' work is safe and protected from cyber threats.

Integration with other systems

DigitalThese solutions can be integrated with other systems such as ERP, accounting, and other financial systems, improving data accuracy and streamlining the audit process.

The Magic Data’s Digital Audit Solutions can help auditors to conduct more efficient and effective audits, improving the accuracy and reliability of Audit reporting