Solutions - Continuous Auditing
Automation and optimization of internal control and continuous auditing
Monitor Plus Continuous Auditing™ is a solution that automates real-time auditing activities to optimise the effectiveness and efficiency of an institution's processes and systems and compliance with applicable regulations and regulatory requirements. This model helps to independently ensure the quality and effectiveness of internal control processes and systems to protect the value of the organisation, and the reliability of the integrity of financial and operational information.
Use cases
- Detection of exceptions or anomalies in systems and processes
- Improved effectiveness and efficiency in the detection of risks in processes throughout the organization.
- Support for the internal control systems used by the institution.
- Reduction of losses caused by errors or deviations in the processes.
- Reliability of the integrity of financial and operational reporting
- Ongoing assessment of risks and controls by assessing 100% of the data and not on a sample basis.
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Real-time automation
Monitor Plus Continuous Auditing™ monitors and analyses operations and audit activities in real time through a flexible, customisable model that can be adjusted to the needs of the institution.
Protecting the value of the institution and significantly improving management efficiency
The system helps to independently ensure the quality and effectiveness of internal control processes and systems to protect the value of the organization and the reliability of the integrity of financial and operational information.
Your Title Goes Here
Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.
Generation of accurate and timely alerts
Monitor Plus Continuous Auditing™ uses an assembly of expert models and artificial intelligence to optimize the high level of detection and reduce false positives when thresholds defined by the institution are exceeded. In addition, the resulting lower volume of alerts reduces the operational burden on the analysis team.
Administration and management of risks and controls.
Monitor Plus Continuous Auditing™ assesses controls and risks on an ongoing basis to help reduce losses caused by exceptions to internal policies, procedural deviations, or repetitive errors.
Deep business impact
Provides a set of tools to define a detection model helpful for internal control and to improve the effectiveness and efficiency of the entity's processes and systems.
User-friendly control environment to operate in a systematised way and including means and tools for the maximum use of real-time data from multiple instances simultaneously.
Effective automation of analysis of programmed and automatic controls.
Early detection to prevent possible errors or abnormalities.
Increased adaptability to changes in the institution or the environment that represent new risks and require new controls and continuous monitoring.
Increasing the effectiveness and cost-efficiency of audit teams, especially those dispersed across different locations.
Synergy and increased efficiency of lines of defense to achieve better results.
Increased scope of audit objectives through a more comprehensive analysis of cases under review (as opposed to working with samples).
Provides a methodology that optimizes the effectiveness and efficiency of auditors.
Benefits of the interface
- Flexible and adaptable model
- User-friendly and easy to use
- Multi-language
- Multi-company
- Web environment
- Dynamic and configurable dashboards
- Flexible and customisable alert viewer
