How they describe themselves: Genial Technology is an AudiTech startup that has developed GenialAI, a cloud-based, secure, intelligent audit automation platform and OCR services.
The platform reduces the operational costs and improve efficiency with high-quality data extraction, data reconciliation and solid information security. It automates painful manual processes and provides insights from a massive amount of data. The AI’s assistance will enable auditors to focus on high-value works like communication with clients and audit planning.
How they describe their product/innovation: GenialAI Audit is the best solution to improve productivity in the audit industry. It automates the most tedious procedure, vouching, with cloud and AI, so you can save time and prevent human errors. Also, GenialAI Audit helps you select test samples based on the population and your previous selections.
Genial Technology is conducting a pilot test with a big four accounting firm to measure the performance of GenialAI Audit with real-world audit data.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms