DataSnipper, an Amsterdam, the Netherlands-based provider of an intelligent automation platform transforming audit and finance, acquired UpLink, a US based provider of a cloud-based secure document request portal.
The amount of the deal was not disclosed.
With the acquisition, DataSnipper will expand its goal to build a comprehensive AI-powered audit ecosystem with global impact. In tandem with the UpLink acquisition, DataSnipper is launching DocuMine, an advanced AI-driven product that enables auditors to mine, analyze, and verify large volumes of documents in Excel. DocuMine enables auditors to automatically validate critical data and focus on higher-value tasks like strategic decision-making. It shifts the effort from manually hunting for critical information to instant data verification, ensuring that audit evidence is quickly analyzed and confirmed with precision.
Led by CEO Alex Maher, UpLink provides an AI-native portal that is designed to instantly identify insights from large volumes of client documents, solving problems in the audit process: document collection, review, and testing. It enables auditors to search and query hundreds of documents as soon as they are provided by customers, delivering real-time insights in real time, to move faster and shift from searching for answers to validating them, reducing manual effort and improving accuracy.
Led by CEO Vidya Peters, DataSnipper provides audit and finance teams with an intelligent automation platform to increase the quality and efficiency of audit and finance procedures. It is used by over 500,000 audit and finance professionals in 125+ countries and serves all four of the largest global auditing firms: Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers.
It followed DataSnipper’s recent $100M Series B funding, led by Index Ventures, which valued the company at $1 Billion.
FinSMEs
15/10/2024