Cision PR Newswire

AMSTERDAM, Feb. 3, 2025 /PRNewswire/ -- DataSnipper, the intelligent automation platform for audit and finance, enters 2025 with strong tailwinds, building on the previous year's rapid growth, new product launches, global expansion, and $1 billion valuation. Amid rapid shifts in audit technology, driven by advancements in data analysis, automation and cloud adoption, DataSnipper's staggering 6,715% turnover growth landed it as the fastest-growing company in the Netherlands for the second year in a row and a global leader in the audit and finance technology landscape.

2025 poised to be a transformative year

In 2024, DataSnipper grew beyond its core external audit customer base, doubling new business stemming from internal audit in new industries, such as banking, insurance and manufacturing. This diversification highlights increasing demand across industries to streamline complex audit workflows, reduce manual errors and enhance decision-making with intelligent automation.

''As we continue to grow among external audit firms, many recommend DataSnipper to their clients in Internal Audit and Financial Control teams. This creates a mutual benefit—when these internal teams adopt DataSnipper, it streamlines their workflows and, in turn, makes the external audit process more efficient and seamless. It's a strong example of how our platform's value extends across different layers of the audit ecosystem,'' said Vidya Peters, CEO of DataSnipper.

Sarah Morejon, Senior Manager Internal Audit at Office Depot on DataSnipper's unique value, ''Reviewers have all evidence and sample data centralized in DataSnipper. With just a click they see exactly what they need, greatly speeding up reviews. Document Management, Snips, and cross-references simplify the entire process, and we can be sure that we don't miss anything.''

Expansion in LATAM and APAC

DataSnipper significantly widened its global presence, entering emerging markets across LATAM and APAC with new offices in Tokyo, Sydney, Kuala Lumpur, and Mexico City. This strategic step doubled the customer base year-on-year in these new regions with clients including Volkswagen, Commonwealth Bank and a world-leading semiconductor company. DataSnipper is further strengthening its presence in these markets in 2025.

Expanding AI and intelligent automation in 2025

In its first strategic acquisition, DataSnipper acquired UpLink, a cloud-based document request portal, and simultaneously launched DocuMine and Advanced Extraction Suite. These generative AI products vastly enhance DataSnipper's capabilities, enabling audit and finance professionals to handle document workflows more efficiently and to mine, analyze, and verify large volumes of documents in Excel workbook or browser, streamlining workflows at scale.

"By leveraging UpLink's AI capabilities, we can streamline the SOX process more efficiently through automated testing, documentation review, and evidence collection," said Greg Rotz, MorganFranklin Consulting's Risk and Regulatory Advisory Leader.

Azure Collaboration: A Milestone in Scalability  

DataSnipper is now listed in the Azure Marketplace. This empowers organizations worldwide to integrate DataSnipper seamlessly into their workflows while leveraging Azure's reliable cloud infrastructure for scalability and security.

''Listing on Microsoft Azure Marketplace is an important milestone for DataSnipper," said Vidya Peters, CEO of DataSnipper. "It allows us to bring our product to new markets while enhancing accessibility and scalability for our clients. It also makes it easier for organizations to discover and deploy DataSnipper, fast-tracking their journey to smarter automation."

Ross Kennedy, VP of Digital Natives, Microsoft, commented, "Microsoft welcomes DataSnipper to Azure Marketplace, where global customers can find, try, and buy from among thousands of partner solutions. Azure Marketplace and trusted partners like DataSnipper help customers do more with less by increasing efficiency, buying confidently, and spending smarter. The next wave of AI is about unlocking human potential, and DataSnipper is doing just that for audit and finance".

About DataSnipper

DataSnipper is transforming data in the audit and finance industry. Founded in 2017, DataSnipper provides audit and finance teams with an intelligent automation platform to drastically increase the quality and efficiency of audit and finance procedures. DataSnipper is used by over 500,000 audit and finance professionals in 125+ countries and serves all four of the largest global auditing firms: Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers. DataSnipper is the fastest-growing tech company in the Netherlands and raised $100 million in Series B, led by Index Ventures at a $1 billion valuation.

Media Contact: Barry Bracken, barry.bracken@datasnipper.com  

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SOURCE DataSnipper