How HLB HAMT Improved Financial Statement Accuracy and Reduced Manual Review Time with Praszo Verifi
How HLB HAMT Improved Financial Statement Accuracy and Reduced Manual Review Time with Praszo Verifi
Client Name: HLB HAMT
Services: Audit & Assurance, Accounting & Tax, HR & Payroll, Technology Consulting, Business Consulting
Location: UAE
Firm Size: 201–500 employees
- Reduced manual effort in financial statement validation
- Improved accuracy across Balance Sheet, P&L, and disclosures
- Faster review cycles and audit turnaround times
- Enhanced consistency and confidence in financial reporting
At HLB HAMT, financial accuracy isn’t just a requirement; it’s a standard the firm is built on.
With a growing portfolio of clients and increasingly complex financial reporting engagements, the team is responsible for delivering precise, reliable financial statements across every assignment. Balance Sheets, P&L statements, cash flows, and disclosures all need to align down to the last number.
That level of accuracy doesn’t happen by chance. It requires rigorous validation.
But as engagement volumes grew, so did the effort required to maintain that standard. Financial statements had to be manually reviewed, cross-checked, and verified across multiple sections often under tight deadlines.
The expectation for accuracy never changed. But the way it was being achieved was becoming harder to sustain.
The Challenge
Manual Validation Slowing Down Audit Efficiency
Financial statement validation is a critical part of every audit, but also one of the most time-consuming. HLB HAMT’s teams were manually reviewing financial statements, cross-checking numbers across the Balance Sheet, P&L, Cash Flow, and Notes. This process required significant effort and attention to detail, especially when dealing with large and complex datasets.
While their existing approach ensured quality, it came with limitations.
Manual checks were repetitive, time-intensive, and prone to human oversight. Identifying inconsistencies across multiple statements required multiple layers of review, slowing down the audit process. As engagement volumes increased, maintaining the same level of accuracy and consistency became more challenging.
The Solution
Automating Financial Validation with Praszo Verifi
To overcome these challenges, HLB HAMT implemented Praszo Verifi, an AI-powered financial statement validation solution built specifically for audit teams.
Instead of manually checking numbers across statements, Verifi automated the entire validation process. Financial statements could be uploaded and automatically classified. The system extracted key data points and ran cross-verification checks across the Balance Sheet, P&L, Cash Flow, and Notes, instantly identifying inconsistencies and discrepancies.
Auditors could review flagged exceptions in an interactive workspace, validate findings, and maintain full control over the review process. What previously required hours of manual effort could now be completed with greater speed, accuracy, and confidence.
The Impact
Faster Reviews and More Reliable Financial Validation
With Praszo Verifi , HLB HAMT transformed how financial statements are reviewed.
Validation is now faster, more consistent, and less dependent on manual effort. Auditors can focus more on analysis and decision-making rather than repetitive checks. The ability to automatically cross-verify data across statements has improved accuracy and reduced the risk of oversight. At the same time, structured validation and documentation ensure better audit readiness and review confidence.
Today, HLB HAMT delivers financial statement validation with greater efficiency, precision, and control, all without increasing workload.
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