January 10, 2011 in ATDC News

AuditMyBooks Wins NSF Grant

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AuditMyBooks announced a $30,000 Supplemental SBIR grant award from the National Science Foundation late last week. The grant will support the company’s development of advanced statistical methods to analyze financial transactions to identify fraud and eventually accounting errors. This powerful innovation will be used to enhance the fraud prediction technology of the company’s Analyzer product which automatically scans accounting systems to detect errors and fraud.

SBIR Georgia, a service of ATDC, provided free assistance to AuditMyBooks to construct a highly qualified research team and a compelling SBIR proposal. The grant provides non-dilutive funding as AuditMyBooks builds their next generation product. The research conducted with the award will build a strong foundation to help small businesses and financial institutions manage risk.

An ATDC member company since July 2010, AuditMyBooks offers cloud based software used by small and medium businesses to scan their accounting records for errors and fraud indicators. The company’s Analyzer product is designed to work with QuickBooks and can be found in the Intuit App Center with data security provided by Intuit. AuditMyBooks has received recognition from Intuit, the National Science Foundation, the Technology Association of Georgia and The Sleeter Group.

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