Case Study: Dura Software cuts audit prep time by 75% with Inscope

How Dura Software Cuts Audit Prep Time by 75%

Dura Software, a software holdings and portfolio management company, faced a significant challenge with its audit preparation process. They relied on a cumbersome workflow involving Excel tables embedded in Word documents, which led to manual formatting errors, version control chaos across numerous files, and slow email collaboration with auditors. This process consumed excessive time, stretching draft turnarounds to days and diverting their lean finance team's focus from analysis to reconciliation.

To solve this, Dura Software implemented Inscope, an Excel-integrated workspace. The solution enabled live collaboration with auditors, automated accuracy checks, and utilized an AI disclosure assistant named Penny to generate audit-ready footnotes. The results were dramatic: internal draft cycles collapsed from three days to just 30 minutes, and the company saw an 80% reduction in internal review comments. Most significantly, the time required for audit preparation was reduced by 75%, turning what was nearly a full-time role into a part-time task.

Dura Software

Sloan Session

EVP, Finance and Accounting - Global