More than an audit file analyzer
ETL, ANALYTICS AND REPORTING PLATFORM
col.bi is a powerful data analytics software for digital audit and tax compliance and has been designed to have an intuitive and user-friendly interface. It can use all data from several sources, such as the Standard Audit File for Tax Purposes (SAF-T), ERP systems, tax filings and other data sources.
col.bi allows you to perform the analysis of all the data, as well as identifying syntax, integrity, and material problems, by performing a wide set of automated audit procedures on all transactions therein.
As a Collaborative Business Intelligence software, col.bi turns voluminous structured data into clear and informative dashboards that communicate fundamental aspects of your accounting, financial and commercial situation.
col.bi runs in the cloud so users can access the platform anywhere, anytime, and simultaneously, reducing manual effort, minimizing costs and enabling remote work.
This digital audit and fraud detection software serves a range of sectors – government financial regulation, consultants, industry, distribution, and services – and can be used for Data Analysis, Automating Tax Reporting Procedures, Fact-Based Decision-making, Improve Operational Efficiency, Audit and Fraud Inference, and Drive Strategy.
col.bi is the solution you are looking for!
THIS IS HOW COL.BI WORKS
Ensures tax compliance
Central Repository for all the tax information
Increases data accuracy and transparency across the corporate group
Reduces manual effort and minimizes costs
Integrates different data from multiple sources
Automated report generation
Direct submission to tax authorities
Multi-country and multi-location platform
Automates and generates efficiency of internal reporting processes
Reduces risks of tax inspections and allows fraud detection
Reduces tax litigation and improves the relationship with tax authorities
Cloud-based solution accessible anywhere, anytime
Intuitive and user-friendly interface
Graphical overview of company’s data and information (financial statements)
Data quality and integrity validation
Network collaboration allowing simultaneously access of unlimited users
Facilitates remote communication with third parties (e.g. auditors)
Allows third party due diligences
A simple use-case process can be described with the following diagram
As a management tool
By a sales manager
All the sales information about products, clients, market quotas, can be easily assessed through col.bi seamless navigation with intuitive and interactive dashboards and KPI's that allow drill down to the most granular data level.
On an internal audit
By a CFO
CFO's can evaluate internal control environment and define specific digital audit verifications through col.bi. It automatically checks if the accounting procedures are being performed correctly, including crosschecks between sales documents and their accounting, making sure all the manual and automatic integrations between modules and systems is done correctly. Inconsistencies are immediately reported by col.bi.
To perform a due diligence
By an Investment Fund
With col.bi, it is easy to check company's financial information, commercial performance and validate data integrity of the corporate group. It allows to explore all journal entries details, validate actual sales and products, explore client ratings based on external information, crosscheck sales with accounting, among other options.
To assess risk of a supplier
By a supplier on a marketplace
Based on the supplier ratings, we can perform a simple due diligence on our supplier, looking at the quality of its accounts receivables. Their current ratio can be impaired and their capability to assume supply chain commitments.
To make sure the information is properly published
By a company to a Tax Authority
To reduce the so called “false positives”, the data quality rules from col.bi, produce a finding’s list so the company can see which information is not correct or uncompliant. The “drill down” capabilities from col.bi, let the user go from the possible error to their source, a set of transactions or a single transaction over millions of records.
To be used on an external audit
By a chartered accountant
Financial reporting like a P&L and a Balance Sheet can be automatically obtained from
To ensure compliance
By a Regulation Institution or Authority
Information from the companies can be crosschecked with other subsystems that an institution held for the given purposes, for instance on a taxing authority, we can use col.bi to cross check the submitted information on the sales VAT report to the information submitted by the standard audit file.
To audit the ERP procedures
By a CIO creating Audit Cases
With col.bi, the IT Department can create specific validations to ensure ERP compliance or assess data quality and integrity from subsystems. Acting as an IT auditor, the CIO can be vigilant on the company’s information system, using colbi’s rules engine.
col.bi is a cloud-based solution that can be used on our cloud or on a dedicated cloud.
If you use our cloud (currently col.bi is hosted on Microsoft Azure), you only need to sign-up.
With our secure cloud-based solution, col.bi, users can access to the platform anywhere, anytime, and simultaneously, reducing manual effort, freeing staff time that can be used on other high-value tasks, and minimizing costs. Through col.bi, you can also reduce complexity and predict risks.
Automate and simplify your tax reporting procedures with col.bi. Make it easier and faster to analyse all your company’s data, track your company's financial performance and much more!