The Project
"EY''s Helix contains analytics platform to automate Auditing, Accounting and Finance functions like General Ledger (GL) Analyzer, Purchases & Trade Payables Analyzer, Revenue & Trade Receivables Analyzer, Inventory Analyzer, Mortgage Analyzer. Further Helix also improves audit efficiency through the incorporation of robotics process automation (RPA). Helix has facilitated digitalizing of large volumes of unstructured contract data and incorporating machine learning to assist with revenue and leases contract review".
Data
Transaction data
Results
EY claims that in most circumstances audit time has been reduced to hours from weeks.
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