Financial audit teams are under growing pressure as demand for their services surges, legacy solutions continue to fall behind, and talent shortages intensify the strain. Traditional audit software is fragmented and lacks automation, leading to inefficient workflows that compromise quality and limit growth.
That’s why Fieldguide’s Financial Audit product is purpose-built to address these challenges by unifying the entire audit lifecycle within a single, AI-powered platform. By automating routine tasks and delivering real-time guidance and insights, firms can unlock the capacity to grow, even in the face of mounting industry pressures.
By working closely with our customers, we continue to discover new ways Fieldguide AI can drive greater efficiency and quality. Today, we’re excited to introduce a series of product enhancements that deliver smarter automation and deeper insights, empowering firms to succeed in an increasingly complex and competitive landscape.
“We’ve felt fully supported by the Fieldguide team. They’ve listened to our feedback, responded quickly, and worked alongside us to address our needs. It’s rare to find a technology partner that’s this collaborative and committed to getting it right.” – Amy E. Jennings, Manager, WilkinGuttenplan
Unify your end-to-end audit lifecycle on one platform, from planning to financial statements
Auditors today are inundated with disjointed technology throughout the audit lifecycle. They’re struggling to work and collaborate efficiently using outdated tools, let alone meet the rising demands of their services.
With Fieldguide’s AI Platform, everyone, from audit staff to reviewers to clients, can work efficiently from one system of record for every phase of the audit, including:
- Trial Balance Management
- Integrated Audit Methodology
- Client Requests & Collaboration
- Workpaper Management & Collaboration
- Financial Statement Production
- Archive & Rollforward
To further enhance efficiency, we're bringing new automation to one of the most critical yet resource-intensive steps: financial statement production.
With our new Financial Statement Production Suite, firms can produce audit-ready reports, from lead schedules to financial statements and disclosures, in minutes.
When you’re ready for final reporting, Fieldguide automatically pulls your trial balance data and engagement details into fully formatted reports tailored to your firm- or client-specific templates with just one click.
If edits are needed, our Microsoft Office 365 integration enables audit teams and clients to seamlessly collaborate in real time. Updates are automatically applied across the audit, keeping workpapers consistent.
This saves audit teams hours of error-prone manual copy-pasting, helping them deliver spotless reports in a fraction of the time and drive audits to completion without delays.
Power your Excel workpapers with real-time data using Fieldguide Connect
Audit teams often need to perform additional analysis in Excel, but keeping these workpapers synced with the latest data can be a time-consuming, error-prone process. Auditors frequently find themselves copying and pasting data, only to repeat the process when the source information changes.
With Fieldguide Connect, our new Excel add-in compatible with both Office 365 Online and Excel Desktop, audit teams can now:
- Effortlessly link data for further analysis, such as ratio analysis, preliminary and final analytics, using intuitive Fieldguide formulas that directly reference trial balance data, account information, and client details.
- Easily create templatized workpapers that streamline your workflow by leveraging standardized client data from Fieldguide.
- Deliver higher-quality, more uniform workpapers by utilizing standardized tickmarks straight from Fieldguide's library in your Excel workpapers.
“The Excel Add-in immediately impressed us! It’s exciting to see a feature like this perform so well right out of the gate, clearly designed with the practitioner’s needs in mind.” – Amy E. Jennings, Manager, WilkinGuttenplan
Enhance audit effectiveness with AI-powered guidance
While unifying the audit lifecycle significantly improves workflow efficiency, we didn’t stop there. At Fieldguide, we believe future-proof transformation comes from amplifying auditors with AI—freeing them from manual tasks to focus on delivering client impact.
That’s why we’ve embedded Field Assist across our platform—AI specifically trained to automate audit tasks with precision. Firms report 50-75% time savings on tasks automated with Field Assist, such as writing test procedures, extracting insights from complex documents, and documenting results.
“The new AI document previews are great. Being able to instantly see what a document is about without opening it helps us work more efficiently. The Fieldguide team is focused on delivering practical AI features that genuinely improve our workflow and create time savings.” – Haley Legg, Audit & Assurance Division Leader, CCK
With our latest enhancements, audit teams can use Field Assist to perform faster, more accurate risk assessments, enabling more precisely scoped audits that boost margins.
As you perform your risk assessment, Field Assist automatically reviews all client documents related to the account being evaluated and provides analysis of account movement, suggested rationales, and recommended next steps, leveraging guidance from your firm's specific methodology.
Now, auditors can focus on reviewing Field Assist’s outputs and applying their professional judgment to verify accuracy, maintaining full control of the audit.
This dramatically speeds up the risk assessment process, as auditors no longer need to comb through large volumes of complex documents, while feeling confident they’re adhering precisely to the audit methodology to ensure quality.
Maximize margins and growth with trusted, intelligent insights
When audit teams and clients spend 7-8+ hours per day on Fieldguide's platform, this creates a wealth of data on time spent, client interactions, and trends that can power smarter decision-making.
Fieldguide’s Practice Insights turns your usage data on our platform into actionable insights that help better allocate resources, save time, and maximize margins.
Today, we’re excited to share new insights that help firms better understand their business and take action:
- Time & Budget Insights: On top of audit work, audit teams spend considerable time throughout the audit tracking their time to ensure they stay within budget. Our new Time & Budget Insights automates tracking of time spent across the team against the set budget, with clear visual indicators of budget vs. actuals, enabling them to proactively address issues that might impact profitability and prevent budget overruns.
- Client On-Time Performance: Without clear data, firms often struggle to identify which clients consistently cause delays and impact profitability, or have productive, evidence-based conversations with clients. Our new Client On-Time Performance dashboard quantifies client performance, identifies challenging clients, and facilitates data-driven client conversations. It provides insights on request due dates, response rates, and on-time status, helping firms understand client performance in context and have data-backed conversations with clients.
Transform your audit practice today
As the demand for audit services continues to outpace capacity, firms that embrace AI gain a significant competitive advantage.
With Fieldguide’s end-to-end AI platform, you can automate workflows, deliver higher quality audits, and make data-driven decisions to improve profitability and the client experience.
Start now by booking a demo today.
Michelle Liang
Product Marketing
I support product marketing at Fieldguide and help others understand how our AI-powered platform can help firms drive higher margins, improve staff retention, and increase client satisfaction.
