RCS - Adsure Services PLC - Adsure Services signs contract with K10 Vision

AberdeenAnnouncement

24/02/2025 08:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250224:nRSX0761Ya&default-theme=true

RNS Number : 0761Y  Adsure Services PLC  24 February 2025

24 February 2025

 

Adsure Services PLC

("Adsure" or the "Company")

 

Adsure Services signs contract with K10 Vision for Audit Working Paper
Software

 

 

Adsure Services PLC ("Adsure" or the "Company"), a leading provider of audit
and assurance services, is pleased to announce that its operating subsidiary,
TIAA Ltd, has signed a contract with K10 Vision to implement its audit working
paper software.

 

Following a competitive selection process, K10 Vision was chosen as the
preferred supplier due to their platform's innovative solutions. This move
marks a key milestone in Adsure's digital transformation and growth strategy,
particularly in the development of proprietary Large Language Model (LLM) AI
tools targeted at improving the operational efficiencies of government-funded
organisations, including NHS trusts, housing associations and local
governments.

 

The transition to an online working paper system will enhance the efficiency
and accuracy of TIAA Ltd's audit processes. Additionally, the structured data
tables within K10 Vision's software will create a robust database to train
advanced AI algorithms, further strengthening Adsure's technological
capabilities in the audit and assurance sector.

 

The implementation process is already underway, with full integration expected
to be completed in the coming months.

 

Kevin Limn, CEO of Adsure Services PLC, commented:

"Implementing K10 Vision's cutting-edge audit software is a significant step
forward in our strategic roadmap. This system will not only enhance our
operational efficiencies but also provide a structured foundation for
developing next-generation AI tools tailored to audit and assurance services."

 

Paul Gascoigne, CEO of K10 Vision, commented:

 

"We are delighted to be partnering with TIAA Ltd the wholly owned subsidiary
of Adsure Services PLC on their digital transformation journey. Our audit
working paper solution is designed to provide structure, security, and
scalability, and we look forward to supporting their ambitions in AI-driven
audit technology."

 

 

-Ends-

 

For more information and the chance to have your questions directly answered
by the management team, please head to our interactive investor hub via:
https://investors.adsureservicesplc.co.uk/link/XyM74r
(https://investors.adsureservicesplc.co.uk/link/XyM74r) . Here you will find
all company news and additional content to further explain Adsure's strategy
and investment case.

 

Engage with the Adsure Services management team directly by asking questions,
watching video
summaries and seeing what other shareholders have to say.
Navigate to our Interactive investor hub here:
https://investors.adsureservicesplc.co.uk/link/XyM74r.

 

 

 Adsure Services PLC

 Kevin Limn, Chief Executive Officer

 Engage with the company directly                      +44 (0) 845 300 3333

                                                       https://investors.adsureservicesplc.co.uk/s/435bf4
 Guild Financial Advisory Limited - Corporate Adviser

 Ross Andrews                                          +44 (0)7973 839767

                                                       ross.andrews@guilfin.co.uk (mailto:ross.andrews@guilfin.co.uk)

 Evangeline Klaassen                                   +44 (0)7972 841276

                                                       evangeline.klaassen@guildfin.co.uk (mailto:evangeline.klaassen@guildfin.co.uk)
 Redchurch Communications - Financial PR & IR

 John Casey / Nicky Bagheri                            +44 (0) 207 7870 3974

                                                       ads@weareredchurch.com (mailto:ads@weareredchurch.com)

 

About Adsure Services

 

Adsure Services PLC is a leading audit and assurance services provider,
dedicated to delivering high-quality financial review and compliance
solutions. Through investment in innovative technology and AI-driven
solutions, the Company is focused on enhancing efficiency and accuracy in the
audit sector.

 

About K10 Vision

 

K10 Vision is a specialist provider of Audit and Risk Management software,
delivering innovative digital solutions to assist audit teams worldwide in
making use of the very latest technologies.  K10 Vision represents a step
change in the way software can directly assist Audit and Risk professionals
and remains the fastest growing application in its field.

 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAXFLFLELLFBBE