Proof of Usefulness Report

IVES Group Inc

Analysis completed on 1/24/2026

+688
Proof of Usefulness Score
Category Standard

The project 'IVES Group Inc' (Audit Analytics) is a highly established, legitimate business acquired by Ideagen in 2021 for ~$45M, verifying immense real-world utility and traction. It serves a critical role in financial compliance for major accounting firms and regulators (SEC). However, the submission itself is of very poor quality, containing factually incorrect claims ('everyone' as audience, 'most people' as traction, confused revenue figures). While the underlying technology and business value are exceptional (calibrated against the $45M exit), the score is penalized by the low quality of the submission and the exaggeration of reach, which necessitated independent verification.

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Score Breakdown

Real World Utility+237.5
Audience Reach Impact+60.0
Technical Innovation+120.0
Evidence Of Traction+245.0
Market Timing Relevance+80.0
Functional Completeness+5.0
Subtotal+747.5
Usefulness Multiplierx0.92
Final Score+688

Project Details

Description
IVES Group Inc, operating under the domain auditanalytics.com, is a prominent provider of comprehensive audit and financial data solutions. The company specializes in delivering detailed insights and analytics related to public company audits, financial compliance, and corporate governance. Their services are designed to assist accounting firms, corporations, and regulatory bodies in making informed decisions by offering access to a vast database of audit reports, financial restatements, and other critical financial information. IVES Group Inc is recognized for its commitment to accuracy, reliability, and the ability to provide valuable data-driven insights to its clients.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline