Partnering opportunity

Data analyses for robotized validation of rules and regulations on specific industry audits

Summary

A Dutch subsidiary of an international accountancy & advisory firm wishes to develop an Audit Intelligence Robot based on data analytics techniques for its financial and risk auditing activities. They are looking for expertise in algorithms and Artificial Intelligence to help generate a pre-audit statement or report for auditors. Collaboration to be based on a research cooperation agreement or a technical cooperation agreement. This technology request is part of an open innovation challenge.

Technical Specification or Expertise Sought

The company is looking for companies that can help to develop a pre-audit report generator for their accountants by developing this Audit Inteligence Robot. To do this, companies should have capabilities that range from developing algorithms to Artificial Intelligence. Which disciplines are needed: • Knowledge management • Data science, Data engineering, Big data expertise • Data Visualisation

Partner sought

The company is looking for potentially product development collaboration and licensed distribution, for example based on a potential Software as a Service offering setup.

Description

One of the business activities of this Dutch company is performing financial and risk audits for clients. In the Audit practice there are two driving forces that lead to the desire to further automate the intelligence needed for a high quality audit. On the one hand society and regulatory authorities are forcing the industry to constantly increase the quality of their audits. On the other hand the availability of data and new technologies allow to anticipate on future business models in which data is a critical component. The company wants to develop its own Audit Intelligence Robot (AIR) that prepares a pre-audit statement or –report by combining data from clients, external sources and laws and regulations. Intelligence needs to be added to transform data in meaningful insights, compliant with regulations and companies policies. The company has already implemented an innovative data factory concept. Today it gives access to large amounts of client- and industry data: literally millions of files for thousands of clients. Now they need assistance to add intelligence like deep learning, predictive capabilities and others to this factory to bring the Robot alive. Motives for this development: • The company’s business model is changing rapidly through digitization and other external influences. • Monetize on the company’s data factory, data is the new gold. • The current war for talent drives the company to alternative methods for labour. Human Workforce to Robot Workforce. • The company's drive for quality, pushed by external regulators. The company is looking for companies that can help to produce a pre-audit report for their auditors by developing this Audit Intelligence Robot. Collaboration should be based on a research cooperation agreement or a technical cooperation agreement. This technology request is an innovation challenge that is published on an open innovation platform. If interest in cooperation with this firm is expressed, the potential partner will be guided towards this open innovation platform on which he can get in touch with the company via a chat function. Mind that posts on this platform are not confidential. Besides open discussion on the platform, sharing of confidential information will be made possible on demand. After closing of the open innovation platform on November 23rd, the corporate company will make a selection of the organizations that have been active in the chat for further contact. Expressions of interest that are made after November 23rd will be handled as usual in the Network.

Advantages and innovations

Not available

Development stage

Concept stage

Intellectual Property Rights (IPR)

Not available


Register your interest

How it works

  • Tell us about yourself
  • We’ll discuss with you
  • We put the right partners in touch

EEN help you find the right partner, rather than you going it alone.

Our role is to review and collate the most suitable submissions, and then send them to the client who posted the opportunity. We consult with you, and the client, to make the process professional and easy.

These are live opportunities. Your registration of interest on the site is just like a professional approach to a business at a networking event. To stand the best chance of success, make your submission really sing. Sell why the client who posted the opportunity should work with you. Excite them. Ask questions. Try and avoid copy and pasting words from elsewhere.

Once the client has chosen their partner, we'll introduce them over email and keep in touch with both parties to see how it's going. Sometimes things progress quickly. Sometimes because of changing priorities for either party, things progress slowly, but you never know - your next big business break could start right here.

?What value does EEN add?
This is your pitch: remember to include your unique selling points (USP) and why someone would want to do business with you
Tell us why you are a good fit for this opportunity, and why you think you're the right people for this partnership
If there's anything additional, or commercially sensitive you'd like to know about this opportunity, please let us know

When you entered your email address above, we emailed you a code to verify you're human and have access to that account.

?What's this?

What next?

To finish up, we just need some extra details about you and your company