Berney Associés is one of the most important trust companies in Frenchspeaking Switzerland. Its team has expertise in many accounting areas including: Audit, Management consulting and outsourced services, Taxation, Corporate Transactions, and Legal advice.
As a forward-thinking audit firm, Berney Associés recognized that traditional methods of financial statement reviews, characterized by time-consuming manual checks and repetitive tasks, were no longer sustainable in today’s increasingly fast-paced industry. Berney Associés sought a solution that would not only streamline their workflows but also improve the overall quality of their audit documentation. Their search led them to DataSnipper, and they were particularly drawn to Financial Statement Suite, which was about to revolutionize their financial statement review process.
"With Financial Statement Suite, we’ve reduced the time spent on reviewing a single financial statement from 45 minutes to just 15 minutes. Across our audits, this translates to saving several days of work, time that we can now dedicate to more strategic tasks.”
Implementation Process and Training
The journey began with a trial phase, during which Berney Associés provided comprehensive training to their auditors. While there was some initial resistance to adopting new technology, the intuitive design of Financial Statement Suite and the comprehensive support from DataSnipper’s Customer Success team helped overcome these barriers and ensured a smooth transition. Auditors quickly realized the potential of the tool, leading to strong user adoption post-trial.
Key resources such as DataSnipper’s Knowledge Base, step-by-step tutorial videos, and ongoing support from their Customer Success team played a crucial role in enabling Berney Associés to fully integrate DataSnipper into their existing workflows. This robust implementation process laid the foundation for achieving their goal of improving audit quality and efficiency.
Accelerated Review Processes
The introduction of Financial Statement Suite has been a game-changer for Berney Associés. Prior to adopting Financial Statement Suite, reviewing a single 10-page financial statement would take 30-45 minutes. Now, with Financial Statement Suite, the same task is completed in just 15 minutes—a time saving of approximately 50%. Across 100 audits, this equates to saving nearly three days of work, allowing auditors to allocate more time to higher-value tasks.
Automating Calculations with Mathematical Accuracy
Berney Associés leveraged the Mathematical Accuracy feature in Financial Statement Suite to eliminate manual validation of figures in financial statements. This feature automatically identifies errors and ensures the correctness of numbers with just a few clicks, significantly reducing the need for manual cross-checking. By automating these time-consuming processes, the team not only saved valuable time but also improved the overall precision and reliability of their audit documentation.
Improved Accuracy with Version Compare
DataSnipper’s automation features have empowered Berney Associés auditors to approach their work with greater confidence. With the Version Compare feature, auditors can track any changes made between versions, reducing the likelihood of errors and improving their confidence in the quality of their work. By automating this once-manual task, the firm has strengthened its ability to ensure compliance and maintain high-quality documentation.
By embracing innovation and leveraging DataSnipper’s advanced features, Berney Associés has successfully enhanced the efficiency and quality of their audit processes. The significant time savings, coupled with improved accuracy and compliance, underscore the value of adopting automation in the audit industry.
Leveraging Financial Statement Suite decreased the time needed for reviewing financial statements by 50%.
FSS’s advanced automation could detect calculation errors, identify discrepancies with previous year reports, and track version changes, increasing output quality.
The Version Compare feature significantly reduced back-and forth interactions with clients, saving time and effort.