AptVeri5

what it does

Why aptVeri5?

aptVeri5 is a next-generation auditing solution that leverages AI, ML, and Generative AI to automate internal and statutory audits across an organization, even if it is geographically scattered. It brings together Audit Planning and Audit Execution onto a single platform, enabling 100% transaction-level audit coverage, eliminating human errors, and identifying risks proactively. With seamless integration into ERP and heterogeneous systems, AptVeri5 hugely reduces audit costs, improves compliance, and enhances productivity — delivering actionable insights and risk alerts.

the purpose

Modules Overview

Control Testing Across Core Business Functions

AptVeri5 maintains a comprehensive library of scripts for controls testing across business processes.It supports key functional areas including:

Inventory Management,
Procurement,
Production Management,
IT, Order to Cash (O2C),
Procure to Pay (P2P),
Financial Management,
Accounts Payable (AP),
Accounts Receivable (AR),
Record to Report (R2R),
Taxation, and
Regulatory Compliance.

It is designed to serve both enterprises across industries for internal auditing as well as external auditing companies. AptVeri5 ensures process integrity, compliance, and operational efficiency at scale.

End-to-End Auditing Workflow

The solution streamlines every stage of an auditing journey, from audit planning that includes resource allocation, through audit execution, to generating reports, dashboards, analytical insights and producing comprehensive reports using Generative AI.We empower the organisation to proactively identify risks at predefined intervals, thereby achieving complete compliance.

Key Features

AI-Driven Audit Intelligence

Leverages advanced AI algorithms to analyze business transactions, enabling intelligent audit planning, execution, and audit insights.

Automated Controls Testing & Risk Management

Supports continuous control testing across various business processes, helping identify risks proactively and ensuring better governance.

Compliance Insights

Provides automated compliance reports and dashboards to track audit outcomes and highlight areas of concern—keeping your organization audit-ready at all times.

Automated Audit Finding Reports using GenAI Technology

Generates comprehensive audit finding reports with the help of Generative AI, delivers deeper analyses, reduces manual work, and facilitates faster reporting cycles.

Strengths

Benefits of aptVeri5

Reduces Costs of Audits

Helps cut down the cost of auditing by up to 70%, by eliminating the need for multiple tools and substantially reducing manpower dependency.

Proactively Identifies Risks through Effective Control Testing

Conducts 100% transaction-level testing and detects anomalies early—improving risk assessment and compliance.

Automates Audit Execution through AI & GenAI

Streamlines the execution of audits by integrating AI-powered automation with GenAI-enabled reporting capabilities.

Reduces Auditing Errors

Eliminates human errors and sampling limitations through automation and covering the entire data population.

Enhances Efficiency & Productivity

Reduces manual workload and improves accuracy through automation, delivering up to 90% boost in audit efficiency.

Facilitates Effective Audit Planning

Enables structured and data-driven planning across audit cycles, improving resource allocation and scheduling.

Functionalities/Capabilities

Comprehensive Auditing & Data Intelligence Capabilities:

100% Population Transaction Auditing

Supports 100% population transaction audit testing conducted continuously to predefined schedules.

Proactive Risk Detection

Proactively monitors business data to detect risks and anomalies before they are reported for regulatory compliance.

Efficient Audit Organization

Streamlines and automates audit plans & controls testing, massively boosting team productivity.

Seamless Data Integration

Facilitates seamless data integration from various heterogeneous data sources, applications, ERP, and data formats

Data Locality Functionality

Incorporates Data Locality functionality, ensuring accelerated data processing & greater efficiency.

Advanced Query Engine

Supports an advanced query engine to handle large & heterogeneous datasets of large organizations operating across geographical regions

AI/ML & GenAI Capabilities

Leverages AI/ML & GenAI capabilities to automate & generate audit reports with in-depth data analyses, reports and dashboards.

Operational Agility Backed by Smart Technology

01
Flexible Deployment
Easy, scalable, web-based, intelligent app deployment on cloud or on-premises platform with secure role-based access control ensuring data security and privacy.
02
Automated Audit Scheduling
Run audits automatically using a customized scheduler that supports batch processing.
03
Audit Logs & Version Control
Maintains detailed logs and strict version control of the library of scripts & easy and common license pricing model.
04
Regulatory Integration
Seamlessly integrates with downstream applications or external agencies for regulatory compliance.
05
Simplified Setup Tools
Utilizes bulk data loading and customized data dictionaries for system setup and enhances auditing functionalities for businesses regulatory purposes.
06
Multi-Format Data Support
Supports different data formats such as JSON, CSV, Excel, PDF, ERP systems, and database connections.
07
24x7 Global Support
Remote international app support available on email, chat and phone.

Case Studies

Featured Success Stories

Data Engineering

A Banking Big Data & Analytics Platform with 24x7 Support

100–300% improvement in query performance

USD 15M+ ROI in Phase 1 of implementation

10+ AI/ML use cases delivered across key functions

99.6% SLA achieved with 24x7 infrastructure support

Cloud Computing

Enterprise Data Lake and Analytics implementation for a large Pharmaceutical Company in India on AWS platform

30–40% Reduction in IT Costs

Accelerated Analytics with 3X Faster Reporting

AI/ML-Ready Infrastructure

Manual Work Reduction

Analytics Modernization & Migration

Data, Process , Batch jobs and Work flow migration to Hadoop Platform

40% Reduction in IT Infrastructure Costs

60% Improvement in Data Processing Speeds

4X Scalability Boost

70% Reduction in Downtime

Analytics & Artificial Intelligence

Supply Chain Scheduling & Route Optimization for an Oil & Gas company

Accurately forecasted voyage schedules

Minimized total logistics cost

Fully automated scheduling system

Improved cost visibility and planning accuracy

Analytics & Artificial Intelligence

Enabled a leading mortgage financing company to predict credit risk accurately and automate their process

85–90% model accuracy

Complete automation of the credit risk process

Improved risk visibility and strategy formulation

Consistent model performance

See More Success Stories

Latest Insights & Blogs

Stay Ahead in AI & Data Innovation

Stay informed with expert insights on AI, data governance, and emerging technologies. Explore thought leadership, industry trends, and the future of AI-driven innovation.

Blog

Supply Chain

Demand Sensing Optimising Supply and Demand Mismatch

January 1, 2025

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The Challenges of Data Privacy and Security in the Age of Big Data

February 1, 2025

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Data Analytics

Analytics solutions journey with D2D framework

January 1, 2025

Experience the Real Value of Automated Auditing

Why aptVeri5?

Modules Overview