Functional Solutions Overview
CFO’s, Controllers, Process Managers, and Accountants of all types find the Oversight Continuous Monitoring Solution very helpful in the conduct of their day-to-day roles of quality assurance, misuse prevention, and fraud control. Senior executives and managers have immediate insight into the health and well-being of their financial operations in the context of balanced scorecards, operational metrics, and control expectations. Operational staff members receive highly valuable, intuitive, alerts informing them of instances of errors, misuse, and fraud.
Continuous Transaction Monitoring / Continuous Auditing - Supports the efforts of the auditor to collect audit evidence consistently against all transactions on an ongoing, uninterrupted basis; performing real-time analysis in a heterogeneous systems environment completely unconstrained by underlying financial system type or data formats; providing reports to
assist with the determination of operational risk and compliance, and the identification of potentially weak or ill-defined controls, as well as high risk transactions and business entities (e.g., vendors, accounts, employees, etc.). This proactive approach ensures the organization can addresses high risk areas before they impact financial performance or the year-end audit.
Continuous Controls Monitoring - Supports the efforts of audit and operations staff to identify control weaknesses associated with segregation of duties (SOD) and privileged-user activities through continuous, real-time analysis.
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