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AI Tool of the Week: Amsterdam unicorn DataSnipper unveils Microsoft-powered AI Agents for faster, error-free audits

by FeeOnlyNews.com
7 months ago
in Startups
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AI Tool of the Week: Amsterdam unicorn DataSnipper unveils Microsoft-powered AI Agents for faster, error-free audits
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Amsterdam unicorn DataSnipper, in collaboration with the Redmond giant Microsoft, launched its new AI Agents to transform auditing and financial reporting.

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Amsterdam-based unicorn DataSnipper, an automation platform for audit and finance teams, in collaboration with the Redmond giant Microsoft, launched its new AI Agents — Disclosure Agents and Excel Agents.

These AI agents powered by Microsoft Azure are designed to help with auditing and reporting tasks while ensuring transparency and accuracy.

The Amsterdam unicorn says that both the Disclosure Agents and Excel Agents fit into existing audit workflows, focusing on two key areas:

Checking disclosures against IFRS/GAAP standards  Handling complex tasks in Excel, which are often time-consuming and prone to errors.

The need for AI Agents

In general, Audit and finance professionals face unique challenges: strict regulatory requirements, high volumes of unstructured data, and constant pressure to deliver fast, accurate results under tight deadlines. 

While traditional automation can speed up repetitive tasks, it fails when judgment, structure, or context is required.

Here’s where DataSnipper’s AI Agents come into play!

The company’s AI agent combines automation’s efficiency with human-like understanding to complete complex, compliance-focused tasks more quickly, all while maintaining accuracy.

Each result links back to its source, minimising mistakes and false information from AI.

By incorporating AI directly into the tools finance teams already use, the Dutch company helps improve audit, compliance, and financial reporting processes without disrupting current team operations.

Who should use Disclosure Agents?

Disclosure reviews are important but often time-consuming. Teams usually spend days checking disclosures to meet IFRS, GAAP, and internal standards, using various tools that don’t connect well.

Disclosure Agents simplify this process by accelerating reviews by analysing disclosure checklists against financial statements, cutting hours of manual work into minutes.

According to the company, it works across IFRS, GAAP, and other global standards.

It also cross-checks requirements using firm-specific checklists, internal policies, or imported templates.

Additionally, it links every requirement to transparent, verifiable evidence, creating a clear audit trail and freeing capacity for higher-value work.

“In practice, this means annual report disclosures can be reviewed in a fraction of the time, subsidiary reports can be checked for policy alignment automatically, and internal compliance audits can run without monopolising senior staff,” says the company.

When Excel Agents come in handy

To date, the audit testing still happens in Excel. The Dutch unicorn’s Excel Agents introduces a prompt-driven workflow that automates testing steps end-to-end while keeping everything in the familiar Excel environment.

Excel Agents deliver this by automating testing workflows end-to-end, matching sample data to documents, extracting key fields, and comparing results to expectations in a fraction of the time.

The agent can work directly in Excel with prompt-driven automation, no complex setup, templates, or retraining required.

The agents can deliver explainable, audit-ready outputs with full cross-references, as well as freeing capacity for higher-value work.

As a result, it allows auditors to focus on risks, insights, and strategic advisory instead of copy/paste tasks.

“Disclosure Agents and Excel Agents are built to solve our customers’ biggest pain points, manual testing, complex disclosures, and fragmented workflows,” says Vidya Peters, CEO at DataSnipper. “By embedding AI directly into the tools professionals already use, we’re helping teams move faster, reduce risk, and reclaim time for higher-value work.”



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Tags: agentsAmsterdamauditsDataSnippererrorfreeFasterMicrosoftpoweredToolUnicornunveilsweek
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