Caseware Financials Launches in Australia
Cloud-based financial reporting solution from Caseware marks advancement in financial reporting technology
MELBOURNE, September 24, 2024: Caseware, a global leader in cloud-enabled audit, financial reporting and data analytics solutions, today announced the launch of Caseware Financials for the Australian market. The new, innovative cloud-based application is designed to transform the financial reporting process, providing corporations with an efficient, compliant and streamlined solution for meeting both local and global reporting standards.
Following a successful launch in the UK earlier this year, Caseware Financials arrives in Australia to simplify the complex and time-consuming tasks often associated with mandatory financial reporting. Caseware Financials leverages advanced automation, seamless data integration and robust compliance capabilities that reduce errors, save time and enhance accuracy—ultimately enabling finance teams to focus on strategic decision-making and value creation.
Caseware Financials integrates directly with Australia’s most widely used accounting systems. It also allows companies to easily import trial balances via Excel or CSV, eliminating the need for manual data entry. The platform uses intelligent automation to analyse imported trial balances and automatically populate the necessary disclosures, significantly reducing the time and effort required from finance teams to produce accurate reports. This automation allows professionals to focus on higher-value activities that benefit the business.
The debut of Caseware Financials follows the availability of Caseware AiDA, the Artificial Intelligence digital assistant for customers in Australia. AiDA complements Caseware’s comprehensive suite of solutions created with accounting, audit and finance professionals in mind.
Key features of Caseware Financials include:
- Automatic drafting of financial statements
- Built-in review tools with warnings and diagnostics
- Simplified data imports with intelligent mapping suggestions
- Carry forward functionality
- Multi-user access for enhanced collaboration
”We are excited to introduce Caseware Financials to the Australian market,” remarked Andreas Ong, Head of Development at Caseware Australia. “The suite is extremely versatile, enabling organisations to customise the solution to meet their unique reporting needs, which can differ greatly in complexity based on the size of the business.”
Craig Waldon, General Manager at Caseware Australia, continued, “We are confident that the adaptability of the suite, powered by our strong technology, will establish a new benchmark for financial reporting in Australia. Caseware Financials ensures the full reconciliation of all financial statements and supporting notes, even at the account-level rounding stage. This consistency prevents discrepancies that could raise concerns during audits and builds stakeholder confidence in the accuracy of financial reporting.”
Featuring comprehensive review tools, Caseware Financials allows users to track changes from the base template and compare different versions of financial statements. This ensures transparency and control over the reporting process, minimising errors and improving the integrity of the final report.
Designed to meet local compliance requirements, Caseware Financials includes content crafted exclusively for Caseware by Carmen Ridley, Caseware Australia’s financial reporting subject matter expert. Carmen is a former member of the Australian Accounting Board (AASB). Built to meet Australian Charities and Not-for-profits Commission (ACNC) reporting requirements, the solution caters to Tier 1, Tier 2 and special-purpose reporting needs.
About Caseware
Caseware is the leading global provider of cloud-enabled solutions for audit, assurance, financial reporting and data analytics for accounting firms, corporations and government regulators. Caseware’s innovative tools and platforms help more than half a million users in 130 countries work smarter, dig deeper and see further as they transform insights into impact. For more information, visit caseware.com.