August 5, 2020 // By Magenic
Migrating an old tool to a new robust solution, seamlessly.
A Big Four Firm had an Excel-based product that performed sophisticated linear regression analysis to help auditors perform substantitive analytical procedures within the audit framework.
They needed help migrating the tool to the cloud and make the product more user-friendly, without materially changing the underlying analytical engine. It all had to be easily integrated with other products in their audit portfolio.
Magenic worked quickly with the client to design and implement a cloud-based PaaS solution for the data ingestion, analysis and reporting of the linear regression analysis.
We seamlessly integrated the platform for direct use.
The new solution made data ingestion and results analysis easier for associates, removing the need for senior-level involvement.
The more efficient system helped reduced billable hours, helping increase the firm’s margins.