BHP receives national recognition for pioneering AI technology
Yorkshire and North Derbyshire’s largest independent firm of Chartered Accountants, BHP, has received national recognition for its work championing cutting-edge technology to improve financial reporting.
The leading regional firm, which has offices in Chesterfield, York, Sheffield, Cleckheaton and Leeds, scooped Audit Team of the Year at the British Accountancy Awards – run in partnership with the Institute of Chartered Accountants in England and Wales (ICAEW).
The award recognises BHP’s market-leading use of data analytics in audit. BHP is one of the pioneers of AI software, Inflo, which offers clients previously unobtainable insight into their business.
Inflo mines 100% of data meaning improved fraud detection, enhanced insight into anomaly transactions, and better assurance over business processes for clients.
Lisa Leighton, Joint Managing Partner at BHP, said: “We couldn’t be prouder of this achievement.”
“While quality, added-value and proactive advice have always been central in our audit work, we’re now standing out in our market for how we’re transforming our audit process with AI technology.”
“Not only are we pioneering the use of data analytics with our clients and fundamentally changing BHP as a business in doing so, but the firm is going further to actively champion this technology in the mid-size sector to help improve industry standards across the board.”
BHP is quickly becoming a thought leader in this area, speaking at industry events, conducting webinars and writing articles, and BHP’s Data Analytics Manager has been approached to support with a research project commissioned by the ICEAW.
The team at BHP also share their knowledge and learning internationally and have presented at the Kreston European Conference.
The British Accountancy Awards 2019 took place at The Grosvenor House Hotel on 25 September. Hosted by Sean Lock, over 800 guests were welcomed to celebrate excellence, professionalism, and innovation in accountancy.
Not only do these awards recognise key achievements in the market from an accountants in practice perspective but they also recognise excellence with practitioners working across the industry. Smaller regional practices and individual excellence are also celebrated with multiple awards for each.
Earlier this year, BHP was recognised by the Sunday Times 100 Best Companies to Work For list – now in its 19th year, the hard-fought and nationally-celebrated list recognises the very best in employee engagement around the country.
BHP was also recently awarded Mid-Tier Firm of the Year and Best Employer of the Year at the Yorkshire Accountancy Awards and recognised with the Community Award at the Yorkshire Dealmakers Awards.
With more than 300 staff, including 33 partners, over the last 10 years BHP has increased turnover from £8m to over £22m.