Andera provides an AI‑native platform that automates end‑to‑end SOX, operational, and compliance control testing, directly reading, processing, and writing evidence into Excel workpapers. Its proprietary agentic retrieval and probabilistic beam‑search agents gather data from multiple sources, manage escalation workflows, and generate audit documentation, reducing control‑testing costs by up to 70% for internal audit teams and public accounting firms.
Funding
$37M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ELGFounders
Product
Problem
SOX compliance testing and audit workpaper generation are traditionally manual, Excel‑heavy processes that require extensive manual effort, consume significant resources, and incur high costs for internal audit teams and public accounting firms.
Solution
Andera offers an AI‑native platform that automates end‑to‑end control testing for SOX, operational, and compliance controls. The system uses proprietary agentic retrieval and probabilistic beam‑search agents to read, process, and write back into Excel workpapers the same way auditors do. It automatically gathers evidence from control owners, escalates requests, and generates audit workpapers without manual setup. By handling diverse data formats (Excel, PDFs, screenshots, journal entries) the platform adapts to yearly control updates. The solution reduces control‑testing costs by up to 70% and frees auditors to focus on higher‑value risk analysis.
Target Audience
Primary customers are internal audit departments, compliance teams, and public accounting firms that need to perform SOX and other control testing at scale for large enterprises.
Features
- Proprietary agentic retrieval engine that pulls relevant financial evidence across multiple data sources
- Probabilistic beam‑search agents that reason over large token volumes to render audit judgments
- Dynamic Excel integration that reads, processes, and writes back into workpapers in real time
- Automated evidence collection with built‑in escalation workflows to control owners
- End‑to‑end control testing for SOX, operational, and compliance controls
- Centralized dashboard for discrepancy flagging, exception management, and audit oversight
- Seamless integration with existing audit management platforms and enterprise data systems