Sageworks Releases Analytical Procedures Audit Modules

Thursday, June 4, 2015 Print Email

Sageworks is a financial information company that recently has launched two new modules, for its analytical procedure that will assist computerize audit work of accounting firms for financial organizations and government entities.

The new modules of Sageworks Analytical Procedures are the extensions of the existing Analytical Procedure modules, which examine the nonprofit and as well as profit companies using ProfitCents suite of the software.

The accountant of the financial company can use the Analytical Procedures during review and planning of an audit to estimate difference between real and predictable financial and file the differences and suppositions for why statistics cut down outside the predictable range and reorganize the computations to get better the effectiveness and efficiency of a commitment.

The reporting features are also present in this software that permits accountants to accelerate preparation for peer analysis and also for making post audit customer meetings.

From 2001, the ProfitCents Suite of Software has been serving the accounting industry, and the new Analytical Proceduresmodules will assist computerized companies, and accounting organizations units like municipalities, service banks, credit unions, school districts, townships, and cities.

The ProfitCents vice president Michael Sferratore said in a statement, “We are eager to increase our Analytical Procedures product to present extra modified results that support financial institutions and government audits. The Sageworks carries on introducing customer determined workflow developments, which highlight mechanization, consistency and overview and permit our clients to better administer their commitments.”

For further detail, visit the official website of Sageworks.

Source: ReadyRatios

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