Better Decisions.
Improved Outcomes.
Methodology
Transactional data is at the heart of your business processes and it is vital to perform regular performance, compliance, and audit verification checks to ensure everything is operating as intended. However, with increased business complexity, control procedures and transactions, the amount of data a business handles has been rapidly increasing.
A big part of audit, then, becomes the ability to analyze this data and run routines that will identify any exceptions or variations. Our methodology analyzes 100% of your data with the right algorithms, technology and scheduling to deliver an unrivaled level of findings.
The inputs are your business process data, for which we then build scripts and procedures that fetch, analyze and report. The results are then managed with a tool-set of dashboard and reporting technologies depending on the client requirements.
Finally, we automate the entire process to run on a regular schedule, while detecting and reporting on transactions of interest. These could be exceptions in your business processes (fraud), audit and compliance issues, or status reports showing the current position of your business.
Workflow
Business
Process Mapping.
Studying the business operations and procedures and mapping the data to processes.
Configure
Access to Data.
Identify and configure secure access to key datasets held within the organizations’ applications & systems.
Scripting
For Repeatable Analysis.
Developing scripts, procedures and workflows to allow for repeatable analytics.
Performing
Analysis on Data.
Using various toolsets (Python, Arbutus, etc.,) to perform data analysis to meet specific client objectives.
Scheduling
Scripts & Workflows.
Scheduling the procedures, script and workflows for automated and continuous monitoring.
Reporting
And Visualization.
Sharing analysis results via reports and visual dashboards in line with the objectives of the audit analytics project.
This typically describes a standard, long term audit analytics solution. For a company to realize maximum return on investment on any data or audit analytics program, the overall objective of the project must be clearly understood, then matched with the right data, skills and technology. Our team can help with this.
Talk to us today and start your audit analytics journey.