Success story

Streamline and conduct higher quality audits with intelligent automation

Company
NeonAudit
Employees
15
Industry
External Audit

NeonAudit is a Helsinki-based audit firm specializing in delivering high-quality auditing and financial services. With a team of experienced professionals, NeonAudit focuses on providing personalized and efficient audit solutions for their clients. The firm’s small, dedicated team ensures tailored services that meet the unique needs of each client.

This success story is in collaboration with the founders of NeonAudit based in Helsinki, Finland.

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Challenge

Before implementing DataSnipper, NeonAudit faced a labor-intensive process when managing audit documentation. The team relied heavily on Excel spreadsheets and manually referring files while going back and forth for reviews. Handling client data was cumbersome, making it laborious to reference, update, and track changes across multiple documents.

Navigating through large files manually slowed down theauditing process, with team members spending time cross-referencing data and reconciling discrepancies. This manual method also created additional pressure on the team to double-check and review their work to ensure accuracy. NeonAudit needed a more efficient way to streamline these repetitive tasks and maintain the accuracy and quality of their work.

DataSnipper’s success comes from the fact that it was created by auditors who truly understand our needs. So many tools are built by industry outsiders who don’t understand what we do, but this one gets it. We couldn't imagine doing our job without it anymore.

Sari Hakala, Managing Director APA

Solution

As a firm that serves primarily small and medium-sized businesses, NeonAudit has seen significant improvements in its auditing workflow since implementing DataSnipper. The key to the platform’s success lies in the fact that it was built by auditors, for auditors—ensuring that it addresses the real, specific needs of the Audit process, not just technical demands.

Initially, some team members resisted adopting the platform, as is common with any new technology. However, once they began using it, they quickly saw the benefits with the experience being overwhelmingly positive.

One of the main ways NeonAudit utilizes DataSnipper is by uploading evidence to their working papers and using features such as Sum Snip and Validation Snip to ensure the accuracy of financial data from clients' electronic accounting software. For larger clients, the team also relies on Document Matching for example to reconcile bank statements and sales receivables—an essential step inhandling more complex, yet routine audit engagements.

While most clients are now fully electronic, NeonAudit still deals with a few paper-based documents, which they scan into PDFs. DataSnipper's search capabilities allow them to easily sift through these large files, making the process far more efficient.

The biggest benefit, according to the team, is not just the time saved, but the elimination of repetitive tasks, allowing them to focus on higher-value work. Additionally, the quality of their working papers has improved, making their audit processes more streamlined and effective.

NeonAudit
Save Time

Repetitive audit tasks are performed significantly faster with intelligent automation.

Improve Quality

Automating data extraction and cross-referencing has helped reduce workload for the team. This allows them to devote more time in complex areas where they can conduct more analytical work.

Streamline Reviews

DataSnipper streamlines reviews with an easy-to-navigate audit trail. Reviewers can quickly verify sources, comment, and validate work in Excel, minimizing communication loops.

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