KPMG LLP, the U.S. audit, tax, and advisory firm, has invested in a pioneer in automated, AI-powered intelligent apps for finance. The industry’s backing and Auditoria’s dedication to transforming financial procedures and enhancing cash performance with cutting-edge AI technology are demonstrated by this minority stock investment.
According to Rohit Gupta, CEO of Auditoria, “We are delighted to announce this investment from KPMG Ventures, underlining our commitment to pushing innovation in finance. This not only reaffirms our unshakable commitment to leading innovation, but it also ushers in a new era of transformational potential for products boosted by generative AI. Together, Auditoria and KPMG will provide comprehensive finance transformation services that combine KPMG’s in-depth sector expertise with Auditoria’s cutting-edge AI capabilities.
KPMG is aware of the potential of Auditoria’s technology, notably its strong Workday integration, to transform the corporate finance landscape. By automating and coordinating business operations in the areas of AP, AR, and GL, Auditoria—a Workday-Approved software partner—helps organisations gain enhanced cash position visibility.
We recognise Auditoria’s potential.Corporate finance may benefit from AI’s intelligent applications, according to Andrew Matuszak, Managing Director of KPMG Ventures. The solutions provided by Auditoria’s AI-enhanced products can enable corporate finance transformation and automate difficult financial tasks to increase accuracy and efficiency.
Organisations like FreshWorks, UserTesting, and others have embraced Auditoria’s ground-breaking technology. These progressive businesses have embraced Auditoria’s AI-based apps to boost company value, cut IT complexity, increase business resilience, decrease attrition rates, and speed up decision-making processes.
Auditoria.AI is the pioneer in intelligent software for corporate finance, assisting finance teams in automating AP, AR, GL, and vendor management business processes to improve cash flow. Auditoria eliminates friction and repetition from repetitive operations while automating complicated functions and giving real-time visibility into cash performance. It does this by utilising natural language technology, artificial intelligence, machine learning, OCR, and advanced robotic process automation. Leading businesses like Bring IT, Folio3, Freshworks, GameChange Solar, Momentum Telecom, UserTesting, and others use Auditoria’s corporate finance and accounting teams to accelerate business value while minimising intensive IT participation, enhancing company resilience, cutting attrition, and more.
The American branch of the international network of independent professional services firms known as KPMG, KPMG LLP offers audit, tax, and advisory services. More than 265,000 people work for member businesses of the KPMG global organisation, which has operations in 143 countries and territories. Each KPMG firm identifies itself as a separate, legally independent business. Private English company limited by guarantee KPMG International Limited. Client services are not offered by KPMG International Limited or its affiliates.