The Problem
As a rapidly growing startup, Curri faced the challenge of preparing for their first-ever financial audit. The finance team needed to establish efficient processes for financial reporting while maintaining accuracy and compliance. With a lean team and an ambitious timeline, they needed a solution that could scale with their growth and streamline their audit preparation process.
The solution
As InScope's first customer, Curri partnered with us to transform their financial reporting. Through our advanced platform powered by Generative AI and Large Language Models (LLMs), we helped transform their financial statements preparation and review process from the ground up.
- Consistent Time Savings: InScope has helped Curri consistently reduce their financial statement preparation time by a full month, demonstrating sustainable efficiency gains.
- AI-Driven Workflow Automation: Financial statements were automatically rolled forward, updated with InScope’s link + sync functionality, eliminating the need to manage multiple documents. InScope also automated crucial tasks including footing, cross-footing, and internal consistency checks, saving days of work.
- Year-Over-Year Improvement: From the first audit to the second year with InScope, Curri's team has established a repeatable, efficient process that continues to deliver time savings and quality improvements.
- Enhanced Accuracy and Compliance: InScope's intelligent automation ensured compliance with US GAAP standards while minimizing errors, building a strong foundation for future audits.
Outcome
With InScope's support, Curri has successfully completed several annual audits, each time achieving significant time savings and efficiency improvements. Their second-year audit demonstrated the scalability and consistency of InScope's solution, with the team completing their FY23 financial statements a full month ahead of schedule.By establishing a strong partnership with InScope from day one, Curri has built a robust, repeatable process for financial reporting that continues to deliver value as they grow. Their success story showcases how early adoption of innovative financial technology can create lasting improvements in efficiency and accuracy.