Executive Summary

Many mid-market and enterprise finance, IT and compliance teams today still run audits and control testing as slow, manual processes: collecting evidence from contracts, invoices and emails, sampling transactions, and writing narratives can take weeks per control and consumes scarce internal audit and external auditor time. That problem scales — there are roughly 1.2 million mid-market and enterprise firms globally, giving an addressable market of about $24.0B at a $20K ACV — and auditors, compliance officers, and controllership functions are the primary buyers who feel the pain of timeliness, scope limits, and high cost. You could build an AI-first evidence collection and testing platform that combines LLMs and document-ML to extract structured facts from contracts, invoices and communications, standardized connectors to Cloud ERPs for bulk ingestion, automated statistical testing and reproducible audit narratives, plus a human-in-the-loop review and searchable audit trail for defensibility. Delivered as SaaS with prebuilt integrations and configurable control libraries, the product targets a $20K ACV buyer profile but can scale to higher-tier enterprise bundles and professional services for onboarding and attestation readiness. This is an attractive window: document-ML and LLMs now reach practical extraction accuracy for many document types, Cloud ERP adoption provides standardized APIs and data models for scalable ingestion, and regulators and boards are increasingly requesting more frequent or continuous assurance rather than annual snapshots. The market score of 92/100 and revenue potential at 88/100 reflect both the large TAM and a clear product-market fit driven by these technology and regulatory shifts. To stand out you’ll need audit-grade provenance, explainability and controls around model outputs, extensive ERP and third-party connector coverage, and tight workflows for auditor review and remediation tracking; these are stronger barriers than a raw extraction accuracy claim. Be honest about the challenges: data variability across customers, the need to minimize false positives, integration complexity and the trust hurdle with auditors and regulators — addressing those deliberately (measurable accuracy SLAs, certifications, and strong professional services) is how you convert market opportunity into repeatable revenue.

Market Opportunity

Slow manual audits — AI automates evidence collection & testing targets a $24.0B = 1.2M mid-market & enterprise firms x $20K ACV total addressable market with medium saturation and a year-over-year growth rate of 15% (compliance & audit-software category growth driven by automation & cloud adoption).

Key trends driving demand: LLM & document-ML -- automates extraction of evidence from contracts, invoices, and emails, enabling faster testing and narrative generation; Cloud ERP adoption -- standardized APIs and data models make large-scale ingestion feasible across customers; Regulatory scrutiny & continuous assurance -- boards and regulators pushing for more frequent, automated control testing; Auditor workforce shortages -- firms are motivated to adopt automation to maintain capacity and margins.

Key competitors include AuditBoard, MindBridge Ai, Wolters Kluwer (CCH) / CaseWare, ACL / IDEA (Galvanize, now Diligent HighBond) and Excel-based workflows, Big Four / Traditional Audit Firms (Deloitte, PwC, EY, KPMG).

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Slow manual audits — AI automates evidence collection & testing

Executive Summary

Market Validation

Market Opportunity

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