24th Feb 2025 12:38
(Alliance News) - Adsure Services PLC on Monday said operating subsidiary TIAA Ltd has signed a contract with audit and risk management software provider K10 Vision Ltd.
The holding company for business assurance services provider TIAA said the deal would see its implementation of K10 Vision's audit working paper software, and was the result of a "competitive selection process".
Adsure's transition to the online system will enhance the efficiency and accuracy of TIAA's audit processes, the firm said, as well as create a "robust database" to train advanced artificial intelligence algorithms.
Full integration of the software is expected to complete "in the coming months".
"Implementing K10 Vision's cutting-edge audit software is a significant step forward in our strategic roadmap," said Adsure Services Chief Executive Officer Kevin Limn. "This system will not only enhance our operational efficiencies but also provide a structured foundation for developing next-generation AI tools tailored to audit and assurance services."
Shares in Adsure Services were last traded at 25.00 pence each on the Aquis Exchange in London on Monday afternoon. The stock has fallen from 45.00 over the last twelve months.
By Emily Parsons, Alliance News reporter
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