GenialAI is an online audit tool that features semantic reconciliation by performing vouching, journal entry testing and other audit procedures. GenialAI understands natures of accounting data and saves your time to manually test transactions with supporting documents. It also auto-corrects errors and inconsistencies and automates time-consuming manual audit processes.
How was it born?
One day, Aki Abekawa, Founder at Genial Technology®, reluctantly fixed accounting data by hand when he worked at an accounting firm. It was painful and tedious to deal with large accounting data with existing not so intelligent and time-consuming tools. Especially, Microsoft Excel cannot handle over a million line items and has no specific assistance for the accounting field.
He imagined the future of accounting – AI will automate accounting. Accounting teams will use far fewer papers and electronic files. Systems will automatically generate journal entries, feeding electronic data from customers, suppliers, banks and the local offices of the company. What do auditors do? They interpret the new accounting standards, input to the AI audit system and check the reports. To reach this productive future, Aki saw the significant need of a self-learning and automated audit platform.
After graduating from Carnegie Mellon University, he decided to use computer technologies, such as machine learning, natural language processing and cloud computing for solving problems that the accounting industry faces today.
GenialAI is a cloud-based AI audit tool specifically adjusted for accounting ledgers and supporting documents. It provides assistance to perform repetitive tasks and the solve data inconsistency that prevents smooth decision making in the audit. The platform focuses on the audit process automation and cognitive interaction to differentiate GenialAI from other accounting products.
In an effort to bring these emerging technologies together, Genial Technology® built GenialAI upon the four principles: balance, automation, user-friendliness and security. With these principles, GenialAI aims to cut back on audit execution and data preparation time while keeping the quality of the results. Lean more