Agentive
Agentive is an AI-powered tool for client-auditor collaboration that automates audit evidence requests and testing procedures.
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What is Agentive?
Agentive is an AI-powered workspace purpose-built for modern auditing, designed to request and test audit evidence with automation. It proactively automates request validation for clients and testing procedures for auditors, transforming the entire audit process from document requests to final documentation. The platform leverages Large Language Models to automate document requests, document matching, and detail testing, significantly reducing the time and effort required for substantive testing of private, non-public companies.
Key features include automated AI-powered document matching that quickly reconciles requested documents with client submissions, AI-powered detail testing to identify discrepancies and anomalies in financial data, automated AI prompts triggered upon client document upload, an in-browser spreadsheet editor and document viewer with natural language interface, one-click source citations for direct navigation to original documents, Monetary Unit Sampling functionality, AI Validation for real-time document review, automated audit procedure testing that completes within 60 seconds, visual status updates for engagement tracking, centralized activity logs, and configurable email notification summaries.
Agentive is designed specifically for small and mid-sized audit firms that serve private, non-public companies and rely on substantive testing procedures. It benefits audit teams from small regional to large national audit firms, including managers, seniors, and auditors who need to analyze financial records, perform audit procedures, and draft documentation with 10x efficiency. The platform serves financial services, healthcare, and manufacturing industries requiring complex auditing processes.
Agentive pricing
Pricing model: Free
Agentive has a freemium model where basic features are free and advanced features require paid upgrades. The platform offers custom pricing based on specific needs, and contact with the company is required for detailed pricing information. Users can sign up to create an account and schedule a demo to get started. The pricing structure is flexible and open, catering to teams of various sizes from small regional to large national audit firms.
Agentive pros
- Automates document request and testing process using Large Language Models
- Significantly reduces time required for substantive testing of private companies
- AI-powered document matching quickly reconciles requests with client submissions
- AI-powered detail testing identifies discrepancies and anomalies in financial data
- Automated AI prompts triggered at point of client document upload
- Completes audit procedure testing and deep analysis within 60 seconds
- Provides 10x efficiency in analyzing financial records and drafting documentation
- Natural language interface allows auditors to interact using everyday language
- One-click source citations enable direct navigation to original source documents
- In-browser spreadsheet editor and document viewer for seamless workflow
- Centralized engagement hub for client and auditor collaboration
- Visual status updates let teams see engagement progress at a glance
- Comprehensive activity logs track all engagement activity from requests to testing
- Automated AI Request Processing saves time by acting on firm's behalf
- Real-time document validation reviews uploaded documents against audit requirements
- Smart Discrepancy Follow-up automatically prompts clients to explain discrepancies
- AI Chat for Auditor Review assists with follow-up questions during review
- Audit-centric request design makes requests easy to understand and navigate
- Customizable notification summaries deliver email updates to auditors and clients
- Monetary Unit Sampling functionality for audit sampling needs
Agentive cons
- May require learning curve for auditors to adapt to the new system
- Reliance on AI technology might raise concerns for some traditional users
- May reduce opportunities for personal interaction in the audit process
- Depends on proper input data to deliver good results
- Initial setup takes more time in the early stages
- Specific integration capabilities with existing auditing software not explicitly documented
- Detailed security measures should be confirmed directly with the company
- Training may be necessary to fully utilize AI capabilities
- May not be optimized for audits of public companies requiring different procedures
Frequently asked questions about Agentive
What is Agentive?
Agentive is an AI-driven tool designed to simplify the audit process by applying natural language processing to support auditors in performing procedures and preparing documentation. It is the AI workspace for modern auditing with clients, purpose-built for requesting and testing audit evidence.
How does Agentive improve audit efficiency?
Agentive improves audit efficiency by automating audit testing and documentation, freeing up resources that would have been used in manual work. It uses AI to automate data analysis, audit procedures, and documentation drafting, reducing time spent on repetitive tasks and allowing auditors to focus on strategic aspects with 10x efficiency.
Is Agentive suitable for small auditing firms?
Yes, Agentive can be beneficial for firms of all sizes from small regional to large national audit firms. Its ability to automate tasks helps small firms compete more effectively by increasing their productivity and capacity, specifically serving small and mid-sized audit firms that serve private, non-public companies.
What industries can use Agentive?
Agentive relates to many industries including financial services for broad-based auditing to ensure regulatory standards are met, healthcare for auditing medical record-keeping and medical billing, and manufacturing for auditing production processes and quality control measures that follow standards.
What support does Agentive offer?
Founders of Agentive provide a tailored technology strategy assessment so the tool fits your business needs. The platform also offers guided setup to configure the tool to your audit requirements, and users can schedule a demo for a Technology Strategy Review by the Founders themselves.
How does the AI-powered copilot work in Agentive?
The AI-powered copilot uses sophisticated NLP algorithms to enable auditors to interact in a conversational manner using natural language. The backend technology automates audit testing and documentation generation to ensure accuracy and efficiency, reacting dynamically to users' requests and commands to analyze evidence, perform procedures, and draft documentation.
What is the pricing model for Agentive?
Agentive has a freemium model where basic features are free, but advanced features cost more based on requirements. The platform offers custom pricing based on specific needs, and contact with the company is required for detailed pricing information. Pricing is flexible and open, catering to teams of various sizes.
Can Agentive integrate with existing auditing software?
While integration capabilities are not explicitly mentioned on the website, Agentive's platform is designed to work alongside existing audit processes. It's best to inquire directly with Agentive about specific integration needs with your existing auditing software.
What training is required to use Agentive effectively?
The platform is designed with a user-friendly interface, but some training may be necessary to fully utilize its AI capabilities. Agentive offers guided setup to configure the tool to your audit requirements, and it's advisable to check with them about their onboarding and training processes.
How secure is the data processed by Agentive?
Agentive prioritizes data security with features like encryption, access management, and regular security audits. However, specific details about their security measures should be confirmed directly with the company to understand their complete security protocols for handling sensitive audit data.