Caseware, a software-as-a-service (SaaS) provider to the auditing and accounting industry, has announced a global rebranding and launched its first tool in the next generation of automation, analytics and problem-solving tools.
The rebranding was revealed today at the company’s first global annual conference, CwX, held this week in Toronto.
One of the new offerings is a cloud-based business intelligence tool called Sherlock, which consolidates data across multiple engagements and generates powerful insights that can then be leveraged to sharpen efficiency and speed up growth. Launched on May 19, Sherlock is the first in a series of market-changing products Caseware plans to introduce over the next three to five years.
Recently, the company conducted a study of 500 accountants and auditors, which revealed that the profession is shifting toward more insight-driven and human-centred work.
According to the study, about 37 per cent of accountants and auditors surveyed place a high value on creative problem-solving, and 47 per cent say they are adventurous when it comes to trying new technology.
Caseware’s study revealed that accounting professionals want to spend more time collaborating with their clients and colleagues, and their focus has shifted from analyzing what has happened to anticipating what happens next.
Chief executive officer of Caseware David Osborne said, “We’ve been listening closely to our customers for over 30 years, and a clear message from this research is that the industry will look significantly different in the future than it does today. What has traditionally been seen as a tedious, number-crunching profession is rapidly transforming into one that’s dynamic, driven by analytical insights and focused on creative collaboration. Cloud-based solutions, intelligent automation and other innovations are sparking new business opportunities and opening up new career paths.”
In 2020 Caseware and Hg Capital began working together, and with Hg’s financial backing, Caseware has experienced significant growth.
In the last year alone, Caseware added over 250 new team members worldwide. The company also expanded its global footprint by acquiring three of its distributors, in the U.S., Denmark and the Netherlands.