About Us
Enabling finance to deliver better outcomes by reducing fraud, errors, and non-compliance.
Request DemoThinkRisk was created to fill a need. Having been in accounting, audit, and compliance space for more than 25 years – both as practitioners and on the enterprise side – ThinkRisk founders Jagdish Subramony and Anant Naganathan saw firsthand the pain involved in doing the job when you lack the necessary technology and proper tools to analyze the large datasets generated in businesses. Despite all the progress, Technology today can only serve up the data to users, but the review and analysis process still remains a heavily manual and tedious exercise.
Anant and Jagdish also knew from personal experience what it’s like to be part of the most overlooked community within an enterprise . . . and what it’s like to not have enough bandwidth to close the books monthly or complete audit schedules on time without a major hit to your work/life balance. This combination of awareness and empathy fueled their passion for developing an AI-driven SaaS platform to provide tools and technologies that would enable the finance community to do their jobs better.
ThinkRisk is on a mission to make risk management autonomous by helping the finance and audit community identify and act, in real time, on transactional anomalies within their ecosystem. Our vision is to transform the space by automating controls and empowering this community across industries, across functions, and ultimately, across geographies.
Underserved finance and accounting organizations love our solution and they appreciate how ThinkRisk enables them to scale, while building TRUST and STRENGTH in their financials. Using Continuous Transaction Monitoring across all financial data sets, finance and audit users are uncovering and mitigating risks in their day-to-day workflows.
In Depth Risk Insights
Finance and accounting groups typically spend nearly 80% of their time in manually gathering, verifying, and consolidating the data, leaving only 20% of the time for analysis and decision making. Leading businesses still rely on manual sample driven audits and narrow set of audit rules defined in their ERPs, and outsourced solutions. These inefficient processes ultimately result in risks not being managed and/or organizations being unable to identify financial fraud or misuse. ThinkRisk is an enterprise platform that helps organizations generate more in-depth insights and higher risk assurance.
Scalable Enterprise Platform
ThinkRisk is a scalable enterprise platform that enables organizations to generate deeper insights and obtain greater risk assurance on 100% of their transactional data. Through its purpose-built AI framework, ThinkRisk augments finance and audit functions to deliver better outcomes and develop increased confidence in financial statements.
Trusted by Global Organizations
Improved fraud detection and prevention. Now I can better substantiate the appropriateness of transactional activity and find higher risk records that can be analyzed for fraud. The business can now trust that internal audit is really looking for transactions that could be fraud, and that we really need the support for higher- risk entries.
The business can now trust that internal audit is really looking for transactions that could be fraud. They also now have the confidence that the numbers, the financial statements reflect what is really going on in the business, in near real-time.
TR has been a good piece of security we can run all our transactions through. Now we have confidence our internal controls and processes are working to prevent fraud and other issues - and we can communicate this to our Board and audit and risk committee. We can also trust the quality of our data. It's an extra level of comfort that things are under control.
ThinkRisk platform significantly reduces our time spent identifying anomalies as well as providing a higher level of accuracy. We hope to continue using the platform for many more use cases to increase efficiencies in our audit, SOX, and risk management process.
ThinkRisk not only brought the technology to the internal audit function, they also brought the audit background and expertise. And because they are not a big bureaucracy, we could be open about what we want and they could be more flexible.
We're working with ThinkRisk on contract approval management software to automate the process of capturing information out of all of our contracts. This it to provide Finance with the notifications of when they need to bill various sponsors and let us know in advance when contracts are due to expire as well.
For our external auditors as well, ThinkRisk provides them with insights into what we were doing through our last end of financial year audit. It gives them a level of comfort, as well, that we're on top of our cybersecurity and the integrity of the financials we're producing.
ThinkRisk designed for us the platform we needed so that we can needle, really needle our transaction samples and find the fraudulent ones.
As auditors leading this project, we were able to show the value ThinkRisk would bring to Finance. Audit hours would come down and there would be a lot more reliability of the information that is coming out. And you'd be able to address problems upfront, rather than waiting for them to blow up in your face later. You'd be able to deal with them in a more preventative, rather than corrective way.
Our hiring team focuses on recruiting ambitious and talented professionals in the industry. If you are looking for a challenging opportunity to take up vital roles and build your portfolio, look no further.