Time for a change
Would you leave a job at a prestigious company where you’re at the top of the career ladder? A job where you’ve spent over 10 years working hard and smart to get to that position? Would you especially leave that job for a startup?
I never thought I would’ve done that, but as the saying goes, “Never say never.” Goodbye, 150,000-strong organization. Hello, 20-strong (and growing!) startup!
So what compels a partner at a Big 4 to join a startup that’s half the size of his former team?
The process for performing an audit has not changed that much in the last decade
Over the past 15 years, I’ve led audits for hundreds of companies across different industries, and although the technology has improved in both the audit firms and their clients, making things a bit easier for everyone, the audit process is still pretty much the same.
When one of my clients introduced me to Tugboat Logic I was amazed about their vision and confidence that they could disrupt the market and really change the way audits are delivered. It wasn’t only a tool to help with the compliance process and make life easier for the auditors, but they were talking about real automation and integration with other systems. Their view of an ideal audit from a client perspective got me thinking about how the process would change in the future, and I felt like I wanted to be part of that process and make a difference. Instead of waiting for someone to come up with a solution to make my life easier, why not be part of that change and help create software to actually change the way things are done?
Compliance is a repeatable process that should have very similar inputs and outputs every year. How is it possible that the process has not been automated yet? Are we close to that change? Are we not seeing it the same way that record companies, VHS rentals and taxi drivers didn’t see the change coming? I always thought to myself that there has to be a better way and then I came across an organization that was actually trying to make a difference. When you talk to a startup from San Francisco, the sky’s the limit, the energy and enthusiasm to change the way things are done are just something I wasn’t used to. So is there really a way to change the way things are done? A way to automate the audit and compliance process? I believe there is!
How Tugboat Logic is changing the way audits are done
Here are just some of the ways I see Tugboat Logic helping improve the audit process for both customers and auditors alike:
A bright future for audits
The audit and compliance processes are not something our clients look forward to, and it requires time and money, so there is definitely a market out there ready to buy a solution that makes their life a bit easier. Maybe we are still far away from having an audit conduct itself. Maybe in the future the audit is so automated that the only time you and the auditor meet is to present you the final report. At Tugboat Logic, we are working towards simplifying the overall process, and we aim to automate things as much as possible!