Andera

The company was established to address the costly and time-consuming nature of corporate audits, particularly Sarbanes-Oxley (SOX) compliance, which has largely remained unchanged for decades. Andera's platform is designed for internal audit teams and public accounting firms, helping them reduce the effort and expense associated with control testing. The business model is centered on providing a Software-as-a-Service (SaaS) solution that transforms audit workflows from manual, Excel-heavy tasks into an automated, streamlined process.

Andera's Audit AI platform automates the entire control testing process, from evidence gathering to workpaper generation. It uses proprietary AI engines, large language models, and agentic retrieval to process various forms of evidence, including Excel files, PDFs, and screenshots. Key features include automated evidence collection via email, escalation management, and exception handling through a centralized dashboard that flags discrepancies. The system is engineered to automate workpapers in the precise format required by external auditors, significantly reducing manual effort and allowing audit professionals to concentrate on strategic risk management rather than operational tasks.