AJA Labs - Changing Assurance Landscape The Traditional Audit Problem Data explosion Manual Work - Time consuming, inefficient, prone to errors Sample checks Limited in scope and insights 2 3 Focus area and use cases Revenue Leakages Fraud and anomalies Non - Compliance Over spends To identify Focus areas and use cases • Overall Vendor Selection Model (ML) • Identify collusion with Vendor • Fraud in Accounts Payable • Recovery audit Procurement & Accounts payable • Aberrations in sales • Revenue recognition and responsible marketing • Prediction of Bad debts Sales & Revenue • Spend classification, detailed analysis and monitoring • Internal & External Benchmarking Cost Excellence • Fraudulent travel claims • Expense Classification (NLP and ML) Travel & Expenses • Credit risk analysis using data analytics for an NBFC • Forensic review of non - performing assets for Banks Loans Flagship Products of AJA Labs • For inspection of Outlook data files. • ML for clustering of mails. • Advanced Search. • Network graph of mails. • For tracing funds in the bank statement. • Interactive UI and timeline chart for transactions visualisation. • Network graph of fund flow • Gross to Net tool. • Provides 30+ insights on secondary sales, chargeback. • Interactive and informative dashboards. • CCM tool - 300+ insights. • Integration with all major ERP systems. • ML Models for anomaly detection. • Interactive dashboards. CompliBear Tickback MailVerse Fund Trail 5 1 How it works An event in your system (e..g Manual Payment in system) CCM 2 Data is sent to CCM (agreed frequency) 3 Notification is sent to a person, or Dashboard in CCM Alert Amit Gupta, AP Accountant, Unit; Bangalore Reason for alert ✓ Bank account changed before payment ✓ Invoice from dormant Vendor ✓ Invoice against aged PO Analysis done in the background Investigate Assign Continuously improves the results using machine learning 4 6 System Architecture CI Connectors or JDBC Connectors System Connectors, APIs Source System Visualisation Layer Analytical Engine Additional InHouse developed tools by the organization. BI Connectors 8 Success Story – India’s Largest Pharmaceutical Company 9 Engagement Model Our data analytical expertise coupled with Artificial Intelligence and Machine Learning will add value to your audit processes, and help you to deliver best solutions with improved quality coverage to your customers. We look forward to help you in bridging the gap between “now” and “next”. ASK Connect us with your company’s finance / audit team Thanks! Any questions? You can find me at: deepan@ajalabs.ai +91 - 9731566309 www.ajafirm.com 11