Organizations are investing heavily in digitizing their business processes, implementing robotics and upgrading their ERP systems. However, the related controls are often not included in these projects, meaning missed opportunities for both cost reduction and quality improvements. So it’s no surprise that in a recent KPMG survey, 72% of respondents identified control automation as a top priority. With our cloud solution, you can start to realize these opportunities right now.
Our solution eliminates the effort and inaccuracy of manual, Excel-based systems for running controls and resolving variances and differences. Control exceptions are not only detected early: they are also risk-rated so the most important issues are prioritized for action. Automatically triggered workflows send exceptions to the right individuals in the organization, so they can be resolved more quickly.
KPMG’s solution comes with a library of control analytics for various processes (for example sales, purchase, finance, IT, tax and legal) that can be used to accelerate implementation. We help you move from fragmented, manual, reactive controls to more continuous, automated and proactive reviews, freeing up staff time.
With our solution, exception-handling now resides in a single location, providing centralized insights and creating useful functionality for everyone. With further control automation, the effectiveness of your control framework will improve and costs will come down.
Automation: risk processes carried out consistently and transparently
Integration: complete overview across organizational silos
Best practice: audit grade KPMG process
Technology: market-leading solution from Microsoft
We support a major healthcare company to optimize their finance and IT controls by automating many manual activities and focusing the effort on the follow-up of high-risk exceptions. We plan to support the company to apply the same approach to controls related to legal and regulatory compliance.