Rely on controls enabled with technology

With a significant increase of complexity in the controls compliance environment, growing changes in legislation, IT landscape, the volume of data, aging systems, budget constraints, many companies are looking for efficiencies and streamlining the monitoring and testing of internal controls leveraging a suite of enabling technologies.

Our Enabling technologies offering can increase risk assurance and reduce costs by replacing traditional methods with innovative solutions. We leverage the latest technology and methodologies: ata analytics (DA), optical character recognition, chatbots, robotics process automation (RPA) and artificial intelligence (AI) to help organisations transform by focusing on Controls Testing innovation and Automation, Automating control programme management activities, e.g. data gathering, monitoring and reporting testing activities, control self assessment and certification among others.

Where to start?

We believe the best opportunity is to begin in areas where there is a strong sense that: inefficiency due to heavy human interaction, reduced effectiveness due to lack of coverage, and consider technical feasibility for automation:

• Perform an initial opportunity assessment, identifying activities that have high automation potential (assessed both for technical feasibility & value delivered by automation)
• Select one activity from each of the category to start with
• Identify priority candidates and conduct a Proof of Concept focused on delivering an automation Minimum Viable Product to prove technical feasibility and value delivery
• Expand automation opportunity evaluation and establish an automation program