SlideShare a Scribd company logo

CaseWare Monitor 5 - Take Control of Your Business

Alessa
Alessa

Learn how CaseWare Monitor puts you ahead of threats and prevents control failures from impacting your business, all in a single platform.

1 of 28
Download to read offline
CASEWARE MONITOR 5 –
TAKE CONTROL OF YOUR BUSINESS
CONTINUOUS MONITORING SOLUTION
INCREASED BUSINESS RISKS
Push to reduce costs, accelerate growth opens the door to
new risks
• Governance and control breakdowns happen both
intentionally and unintentionally
• Periodic audits are no longer sufficient
• Large-scale changes are difficult to sustain
A typical company loses 5% of revenue to fraud
each year, with a median loss of $145,000.!
CHALLENGES FOR BUSINESS
PROCESS OWNERS
• Detecting control breaches
• Ensuring that remediation activities are complete
• Distributing and managing compliance workload across the
enterprise
• Gaining acceptable efficiencies in meeting governance risk
and control requirements
• Increasing complexity in business systems
• Emerging risks and controls as businesses change
• Unable to identify issues until they become problems
CHALLENGES FOR INTERNAL AUDIT
• Increasing demand for complete, comprehensive and timely
audit opinions
• Providing effective oversight for business processes
• Reducing the risk of fraud and errors
• Validating organizational compliance
• Determining and validating remediation actions taken by
business process owners
• Very difficult to involve the business side cooperatively
CHALLENGES FOR IT MANAGEMENT
• Increasing volumes of data
• Increasing number of requests for data extracts
• Managing the security, accuracy and integrity of data
• Providing data and analytics to the business with ever
changing user requirements
• Providing assurances that the business systems meet control
requirements
• Seamlessly integrating controls monitoring existing
infrastructure
STARTLING FRAUD STATISTICS
Average number of months
to detect procurement fraud
Proceeds of fraud that are
recoverable
24
11%

Recommended

Internal control over financial reporting & basic analytics – the forgotten a...
Internal control over financial reporting & basic analytics – the forgotten a...Internal control over financial reporting & basic analytics – the forgotten a...
Internal control over financial reporting & basic analytics – the forgotten a...Basant Bhanuka
 
What Is Enterprise Asset Management Software?
What Is Enterprise Asset Management Software?What Is Enterprise Asset Management Software?
What Is Enterprise Asset Management Software?Stacey Kramer
 
Audit software highlights
Audit software highlightsAudit software highlights
Audit software highlightssonisjs
 
6 Ways to Ensure the Success of your Next Contractor Self Assessment
6 Ways to Ensure the Success of your Next Contractor Self Assessment6 Ways to Ensure the Success of your Next Contractor Self Assessment
6 Ways to Ensure the Success of your Next Contractor Self AssessmentStacey Kramer
 
Economy slowing down- is vendors late payment the reason
Economy slowing down- is vendors late payment the reason Economy slowing down- is vendors late payment the reason
Economy slowing down- is vendors late payment the reason Aavenir
 
TIme and Attendance for Employers with a Distributed Workforce
TIme and Attendance for Employers with a Distributed WorkforceTIme and Attendance for Employers with a Distributed Workforce
TIme and Attendance for Employers with a Distributed WorkforceEPAY Systems
 
Avoiding the Cash Flow Crunch - 3 Ways to Win Accounts Payable Automation
Avoiding the Cash Flow Crunch - 3 Ways to Win Accounts Payable AutomationAvoiding the Cash Flow Crunch - 3 Ways to Win Accounts Payable Automation
Avoiding the Cash Flow Crunch - 3 Ways to Win Accounts Payable AutomationDerek Gerber
 

More Related Content

What's hot

Common Accounts Payable Risks and how to Mitigate them on ServiceNow
Common Accounts Payable Risks and how to Mitigate them on ServiceNowCommon Accounts Payable Risks and how to Mitigate them on ServiceNow
Common Accounts Payable Risks and how to Mitigate them on ServiceNowAavenir
 
Top Issues Faced by Field Service Businesses & The Solution
Top Issues Faced by Field Service Businesses & The SolutionTop Issues Faced by Field Service Businesses & The Solution
Top Issues Faced by Field Service Businesses & The SolutionFingent Corporation
 
Agilians SmartWay road map to business agility
Agilians SmartWay road map to business agilityAgilians SmartWay road map to business agility
Agilians SmartWay road map to business agilityTom Boonen
 
Smart risk-based thinking software
Smart risk-based thinking software Smart risk-based thinking software
Smart risk-based thinking software Peter Mills
 
Understanding Process Mining & Its Applications
Understanding Process Mining & Its ApplicationsUnderstanding Process Mining & Its Applications
Understanding Process Mining & Its ApplicationsNavish Agarwal
 
AutoRek - Automated Reconciliation and Exception Management
AutoRek - Automated Reconciliation and Exception ManagementAutoRek - Automated Reconciliation and Exception Management
AutoRek - Automated Reconciliation and Exception ManagementJim Muir
 
Java developer interview questions
Java developer interview questionsJava developer interview questions
Java developer interview questionsSkillPracticalEdTech
 
Sr Accountant Resume Morris
Sr Accountant Resume MorrisSr Accountant Resume Morris
Sr Accountant Resume MorrisMaureen Morris
 
Best practices for automating invoice Approval Process for PO vs. Non Po Invo...
Best practices for automating invoice Approval Process for PO vs. Non Po Invo...Best practices for automating invoice Approval Process for PO vs. Non Po Invo...
Best practices for automating invoice Approval Process for PO vs. Non Po Invo...Aavenir
 
The Accountant as Business Partner
The Accountant as Business PartnerThe Accountant as Business Partner
The Accountant as Business PartnerMichael Baker
 
Evaluation of process level control deficiencies 5 20-2016
Evaluation of process level control deficiencies 5 20-2016Evaluation of process level control deficiencies 5 20-2016
Evaluation of process level control deficiencies 5 20-2016leschaney
 
Kaseya Do More With Less Ec Vts
Kaseya   Do More With Less   Ec VtsKaseya   Do More With Less   Ec Vts
Kaseya Do More With Less Ec VtsChad Gniffke
 

What's hot (14)

Common Accounts Payable Risks and how to Mitigate them on ServiceNow
Common Accounts Payable Risks and how to Mitigate them on ServiceNowCommon Accounts Payable Risks and how to Mitigate them on ServiceNow
Common Accounts Payable Risks and how to Mitigate them on ServiceNow
 
CFO-Summit-Pinnacle
CFO-Summit-PinnacleCFO-Summit-Pinnacle
CFO-Summit-Pinnacle
 
Top Issues Faced by Field Service Businesses & The Solution
Top Issues Faced by Field Service Businesses & The SolutionTop Issues Faced by Field Service Businesses & The Solution
Top Issues Faced by Field Service Businesses & The Solution
 
Agilians SmartWay road map to business agility
Agilians SmartWay road map to business agilityAgilians SmartWay road map to business agility
Agilians SmartWay road map to business agility
 
Smart risk-based thinking software
Smart risk-based thinking software Smart risk-based thinking software
Smart risk-based thinking software
 
Understanding Process Mining & Its Applications
Understanding Process Mining & Its ApplicationsUnderstanding Process Mining & Its Applications
Understanding Process Mining & Its Applications
 
AutoRek - Automated Reconciliation and Exception Management
AutoRek - Automated Reconciliation and Exception ManagementAutoRek - Automated Reconciliation and Exception Management
AutoRek - Automated Reconciliation and Exception Management
 
4 Best Practices for Automating Complex Compensation
4 Best Practices for Automating Complex Compensation4 Best Practices for Automating Complex Compensation
4 Best Practices for Automating Complex Compensation
 
Java developer interview questions
Java developer interview questionsJava developer interview questions
Java developer interview questions
 
Sr Accountant Resume Morris
Sr Accountant Resume MorrisSr Accountant Resume Morris
Sr Accountant Resume Morris
 
Best practices for automating invoice Approval Process for PO vs. Non Po Invo...
Best practices for automating invoice Approval Process for PO vs. Non Po Invo...Best practices for automating invoice Approval Process for PO vs. Non Po Invo...
Best practices for automating invoice Approval Process for PO vs. Non Po Invo...
 
The Accountant as Business Partner
The Accountant as Business PartnerThe Accountant as Business Partner
The Accountant as Business Partner
 
Evaluation of process level control deficiencies 5 20-2016
Evaluation of process level control deficiencies 5 20-2016Evaluation of process level control deficiencies 5 20-2016
Evaluation of process level control deficiencies 5 20-2016
 
Kaseya Do More With Less Ec Vts
Kaseya   Do More With Less   Ec VtsKaseya   Do More With Less   Ec Vts
Kaseya Do More With Less Ec Vts
 

Similar to CaseWare Monitor 5 - Take Control of Your Business

Fraud barriers and fixed your income.
Fraud barriers and fixed your income.Fraud barriers and fixed your income.
Fraud barriers and fixed your income.Abdur Rahman (Sagor)
 
SafePaaS-Financial-Close-Ebook-1.pdf
SafePaaS-Financial-Close-Ebook-1.pdfSafePaaS-Financial-Close-Ebook-1.pdf
SafePaaS-Financial-Close-Ebook-1.pdfMahnoorNoori2
 
Five Steps to Managing Credit and Collections Risk in Unpredictable Times
Five Steps to Managing Credit and Collections Risk in Unpredictable TimesFive Steps to Managing Credit and Collections Risk in Unpredictable Times
Five Steps to Managing Credit and Collections Risk in Unpredictable TimesFIS
 
Anchor VMS Information Presentation
Anchor VMS Information PresentationAnchor VMS Information Presentation
Anchor VMS Information Presentationannbinsted
 
Evaluating and improving business process
Evaluating and improving business processEvaluating and improving business process
Evaluating and improving business processdutconsult
 
The Finance Automation Journey - How to Fuel Your Finance Transformation [eBook]
The Finance Automation Journey - How to Fuel Your Finance Transformation [eBook]The Finance Automation Journey - How to Fuel Your Finance Transformation [eBook]
The Finance Automation Journey - How to Fuel Your Finance Transformation [eBook]Zach Deming
 
CML Group GRCaaS Dashboard
CML Group GRCaaS Dashboard CML Group GRCaaS Dashboard
CML Group GRCaaS Dashboard Jim Robins
 
The System and Process of Controlling
The System and Process of ControllingThe System and Process of Controlling
The System and Process of ControllingMahamid Rahman
 
How to Gain Control, Reduce Fraud and Increase Process Efficiency in the Mode...
How to Gain Control, Reduce Fraud and Increase Process Efficiency in the Mode...How to Gain Control, Reduce Fraud and Increase Process Efficiency in the Mode...
How to Gain Control, Reduce Fraud and Increase Process Efficiency in the Mode...Ashley Emery
 
Slideshare os you are not alone_0818_final_compressed
Slideshare os you are not alone_0818_final_compressedSlideshare os you are not alone_0818_final_compressed
Slideshare os you are not alone_0818_final_compressedMilestone Group
 
How to Drive Value from Operational Risk Data - Part 2
How to Drive Value from Operational Risk Data - Part 2How to Drive Value from Operational Risk Data - Part 2
How to Drive Value from Operational Risk Data - Part 2Perficient, Inc.
 
CONTROLLING.pptx
CONTROLLING.pptxCONTROLLING.pptx
CONTROLLING.pptxAyanaJeon
 
5 Key Metrics to Empower Your Accounts Payable Organization
5 Key Metrics to Empower Your Accounts Payable Organization 5 Key Metrics to Empower Your Accounts Payable Organization
5 Key Metrics to Empower Your Accounts Payable Organization Beanworks Solutions Inc
 

Similar to CaseWare Monitor 5 - Take Control of Your Business (20)

Case ware monitor product profile
Case ware monitor product profileCase ware monitor product profile
Case ware monitor product profile
 
Continuous Auditng And Process Optimisation
Continuous Auditng And Process OptimisationContinuous Auditng And Process Optimisation
Continuous Auditng And Process Optimisation
 
Fraud barriers and fixed your income.
Fraud barriers and fixed your income.Fraud barriers and fixed your income.
Fraud barriers and fixed your income.
 
SafePaaS-Financial-Close-Ebook-1.pdf
SafePaaS-Financial-Close-Ebook-1.pdfSafePaaS-Financial-Close-Ebook-1.pdf
SafePaaS-Financial-Close-Ebook-1.pdf
 
Five Steps to Managing Credit and Collections Risk in Unpredictable Times
Five Steps to Managing Credit and Collections Risk in Unpredictable TimesFive Steps to Managing Credit and Collections Risk in Unpredictable Times
Five Steps to Managing Credit and Collections Risk in Unpredictable Times
 
Risk Assessment Report
Risk Assessment ReportRisk Assessment Report
Risk Assessment Report
 
Badge
BadgeBadge
Badge
 
Anchor VMS Information Presentation
Anchor VMS Information PresentationAnchor VMS Information Presentation
Anchor VMS Information Presentation
 
Evaluating and improving business process
Evaluating and improving business processEvaluating and improving business process
Evaluating and improving business process
 
The Finance Automation Journey - How to Fuel Your Finance Transformation [eBook]
The Finance Automation Journey - How to Fuel Your Finance Transformation [eBook]The Finance Automation Journey - How to Fuel Your Finance Transformation [eBook]
The Finance Automation Journey - How to Fuel Your Finance Transformation [eBook]
 
Internal check audit (ppt)
Internal check audit (ppt)Internal check audit (ppt)
Internal check audit (ppt)
 
CML Group GRCaaS Dashboard
CML Group GRCaaS Dashboard CML Group GRCaaS Dashboard
CML Group GRCaaS Dashboard
 
Auto audit
Auto auditAuto audit
Auto audit
 
EliteRecoveriesBrochure
EliteRecoveriesBrochureEliteRecoveriesBrochure
EliteRecoveriesBrochure
 
The System and Process of Controlling
The System and Process of ControllingThe System and Process of Controlling
The System and Process of Controlling
 
How to Gain Control, Reduce Fraud and Increase Process Efficiency in the Mode...
How to Gain Control, Reduce Fraud and Increase Process Efficiency in the Mode...How to Gain Control, Reduce Fraud and Increase Process Efficiency in the Mode...
How to Gain Control, Reduce Fraud and Increase Process Efficiency in the Mode...
 
Slideshare os you are not alone_0818_final_compressed
Slideshare os you are not alone_0818_final_compressedSlideshare os you are not alone_0818_final_compressed
Slideshare os you are not alone_0818_final_compressed
 
How to Drive Value from Operational Risk Data - Part 2
How to Drive Value from Operational Risk Data - Part 2How to Drive Value from Operational Risk Data - Part 2
How to Drive Value from Operational Risk Data - Part 2
 
CONTROLLING.pptx
CONTROLLING.pptxCONTROLLING.pptx
CONTROLLING.pptx
 
5 Key Metrics to Empower Your Accounts Payable Organization
5 Key Metrics to Empower Your Accounts Payable Organization 5 Key Metrics to Empower Your Accounts Payable Organization
5 Key Metrics to Empower Your Accounts Payable Organization
 

More from Alessa

How to make KYC for AML Compliance More Effective
How to make KYC for AML Compliance More EffectiveHow to make KYC for AML Compliance More Effective
How to make KYC for AML Compliance More EffectiveAlessa
 
Assessing AML Geographic Risk: a Methodology (November 2020)
Assessing AML Geographic Risk: a Methodology (November 2020)Assessing AML Geographic Risk: a Methodology (November 2020)
Assessing AML Geographic Risk: a Methodology (November 2020)Alessa
 
Trade-Based Money Laundering: What Compliance Professionals Need to Know
Trade-Based Money Laundering: What Compliance Professionals Need to KnowTrade-Based Money Laundering: What Compliance Professionals Need to Know
Trade-Based Money Laundering: What Compliance Professionals Need to KnowAlessa
 
Understanding Money Laundering and Fraud Risks of Wire Transfers
Understanding Money Laundering and Fraud Risks of Wire TransfersUnderstanding Money Laundering and Fraud Risks of Wire Transfers
Understanding Money Laundering and Fraud Risks of Wire TransfersAlessa
 
Novedades en alessa (antes conocido como case ware monitor)
Novedades en alessa (antes conocido como case ware monitor)Novedades en alessa (antes conocido como case ware monitor)
Novedades en alessa (antes conocido como case ware monitor)Alessa
 
Elements of Customer Risk - Products & Services, Activity Patterns and Behaviors
Elements of Customer Risk - Products & Services, Activity Patterns and BehaviorsElements of Customer Risk - Products & Services, Activity Patterns and Behaviors
Elements of Customer Risk - Products & Services, Activity Patterns and BehaviorsAlessa
 
Elements of Customer Risk: Profiles and Relationships
Elements of Customer Risk: Profiles and RelationshipsElements of Customer Risk: Profiles and Relationships
Elements of Customer Risk: Profiles and RelationshipsAlessa
 
Beneficial Ownership Rules: Global and Canada Perspective
Beneficial Ownership Rules: Global and Canada PerspectiveBeneficial Ownership Rules: Global and Canada Perspective
Beneficial Ownership Rules: Global and Canada PerspectiveAlessa
 
Tackling Hidden Risks in AML Sanctions Screening Programs
Tackling Hidden Risks in AML Sanctions Screening ProgramsTackling Hidden Risks in AML Sanctions Screening Programs
Tackling Hidden Risks in AML Sanctions Screening ProgramsAlessa
 
Writing Effective Suspicious Activity Reports (SARs): Start with WHY
Writing Effective Suspicious Activity Reports (SARs): Start with WHYWriting Effective Suspicious Activity Reports (SARs): Start with WHY
Writing Effective Suspicious Activity Reports (SARs): Start with WHYAlessa
 
A Regulatory Understanding of Virtual Assets (Cryptocurrency) Types and their...
A Regulatory Understanding of Virtual Assets (Cryptocurrency) Types and their...A Regulatory Understanding of Virtual Assets (Cryptocurrency) Types and their...
A Regulatory Understanding of Virtual Assets (Cryptocurrency) Types and their...Alessa
 
Webinar: Strategies to Enhance your Screening and Transaction Monitoring Proc...
Webinar: Strategies to Enhance your Screening and Transaction Monitoring Proc...Webinar: Strategies to Enhance your Screening and Transaction Monitoring Proc...
Webinar: Strategies to Enhance your Screening and Transaction Monitoring Proc...Alessa
 
Status of Beneficial Ownership Transparency in Canada
Status of Beneficial Ownership Transparency in CanadaStatus of Beneficial Ownership Transparency in Canada
Status of Beneficial Ownership Transparency in CanadaAlessa
 
WEBINAR: What Financial Institutions need to know about Cryptocurrencies
WEBINAR: What Financial Institutions need to know about CryptocurrenciesWEBINAR: What Financial Institutions need to know about Cryptocurrencies
WEBINAR: What Financial Institutions need to know about CryptocurrenciesAlessa
 
An Executive Guide on How to Use Machine Learning and AI for AML Compliance
An Executive Guide on How to Use Machine Learning and AI for AML ComplianceAn Executive Guide on How to Use Machine Learning and AI for AML Compliance
An Executive Guide on How to Use Machine Learning and AI for AML ComplianceAlessa
 
Reduce your aml compliance workload
Reduce your aml compliance workloadReduce your aml compliance workload
Reduce your aml compliance workloadAlessa
 
Sanctions List Screening with World-Check and CaseWare
Sanctions List Screening with World-Check and CaseWare Sanctions List Screening with World-Check and CaseWare
Sanctions List Screening with World-Check and CaseWare Alessa
 
Strengthen Your AML Compliance Program with Data Mining
Strengthen Your AML Compliance Program with Data Mining Strengthen Your AML Compliance Program with Data Mining
Strengthen Your AML Compliance Program with Data Mining Alessa
 
Sanctions Risk - What's the Problem?
Sanctions Risk - What's the Problem? Sanctions Risk - What's the Problem?
Sanctions Risk - What's the Problem? Alessa
 
Analytics and Continuous Monitoring to Manage Purchasing Cards
Analytics and Continuous Monitoring to Manage Purchasing CardsAnalytics and Continuous Monitoring to Manage Purchasing Cards
Analytics and Continuous Monitoring to Manage Purchasing CardsAlessa
 

More from Alessa (20)

How to make KYC for AML Compliance More Effective
How to make KYC for AML Compliance More EffectiveHow to make KYC for AML Compliance More Effective
How to make KYC for AML Compliance More Effective
 
Assessing AML Geographic Risk: a Methodology (November 2020)
Assessing AML Geographic Risk: a Methodology (November 2020)Assessing AML Geographic Risk: a Methodology (November 2020)
Assessing AML Geographic Risk: a Methodology (November 2020)
 
Trade-Based Money Laundering: What Compliance Professionals Need to Know
Trade-Based Money Laundering: What Compliance Professionals Need to KnowTrade-Based Money Laundering: What Compliance Professionals Need to Know
Trade-Based Money Laundering: What Compliance Professionals Need to Know
 
Understanding Money Laundering and Fraud Risks of Wire Transfers
Understanding Money Laundering and Fraud Risks of Wire TransfersUnderstanding Money Laundering and Fraud Risks of Wire Transfers
Understanding Money Laundering and Fraud Risks of Wire Transfers
 
Novedades en alessa (antes conocido como case ware monitor)
Novedades en alessa (antes conocido como case ware monitor)Novedades en alessa (antes conocido como case ware monitor)
Novedades en alessa (antes conocido como case ware monitor)
 
Elements of Customer Risk - Products & Services, Activity Patterns and Behaviors
Elements of Customer Risk - Products & Services, Activity Patterns and BehaviorsElements of Customer Risk - Products & Services, Activity Patterns and Behaviors
Elements of Customer Risk - Products & Services, Activity Patterns and Behaviors
 
Elements of Customer Risk: Profiles and Relationships
Elements of Customer Risk: Profiles and RelationshipsElements of Customer Risk: Profiles and Relationships
Elements of Customer Risk: Profiles and Relationships
 
Beneficial Ownership Rules: Global and Canada Perspective
Beneficial Ownership Rules: Global and Canada PerspectiveBeneficial Ownership Rules: Global and Canada Perspective
Beneficial Ownership Rules: Global and Canada Perspective
 
Tackling Hidden Risks in AML Sanctions Screening Programs
Tackling Hidden Risks in AML Sanctions Screening ProgramsTackling Hidden Risks in AML Sanctions Screening Programs
Tackling Hidden Risks in AML Sanctions Screening Programs
 
Writing Effective Suspicious Activity Reports (SARs): Start with WHY
Writing Effective Suspicious Activity Reports (SARs): Start with WHYWriting Effective Suspicious Activity Reports (SARs): Start with WHY
Writing Effective Suspicious Activity Reports (SARs): Start with WHY
 
A Regulatory Understanding of Virtual Assets (Cryptocurrency) Types and their...
A Regulatory Understanding of Virtual Assets (Cryptocurrency) Types and their...A Regulatory Understanding of Virtual Assets (Cryptocurrency) Types and their...
A Regulatory Understanding of Virtual Assets (Cryptocurrency) Types and their...
 
Webinar: Strategies to Enhance your Screening and Transaction Monitoring Proc...
Webinar: Strategies to Enhance your Screening and Transaction Monitoring Proc...Webinar: Strategies to Enhance your Screening and Transaction Monitoring Proc...
Webinar: Strategies to Enhance your Screening and Transaction Monitoring Proc...
 
Status of Beneficial Ownership Transparency in Canada
Status of Beneficial Ownership Transparency in CanadaStatus of Beneficial Ownership Transparency in Canada
Status of Beneficial Ownership Transparency in Canada
 
WEBINAR: What Financial Institutions need to know about Cryptocurrencies
WEBINAR: What Financial Institutions need to know about CryptocurrenciesWEBINAR: What Financial Institutions need to know about Cryptocurrencies
WEBINAR: What Financial Institutions need to know about Cryptocurrencies
 
An Executive Guide on How to Use Machine Learning and AI for AML Compliance
An Executive Guide on How to Use Machine Learning and AI for AML ComplianceAn Executive Guide on How to Use Machine Learning and AI for AML Compliance
An Executive Guide on How to Use Machine Learning and AI for AML Compliance
 
Reduce your aml compliance workload
Reduce your aml compliance workloadReduce your aml compliance workload
Reduce your aml compliance workload
 
Sanctions List Screening with World-Check and CaseWare
Sanctions List Screening with World-Check and CaseWare Sanctions List Screening with World-Check and CaseWare
Sanctions List Screening with World-Check and CaseWare
 
Strengthen Your AML Compliance Program with Data Mining
Strengthen Your AML Compliance Program with Data Mining Strengthen Your AML Compliance Program with Data Mining
Strengthen Your AML Compliance Program with Data Mining
 
Sanctions Risk - What's the Problem?
Sanctions Risk - What's the Problem? Sanctions Risk - What's the Problem?
Sanctions Risk - What's the Problem?
 
Analytics and Continuous Monitoring to Manage Purchasing Cards
Analytics and Continuous Monitoring to Manage Purchasing CardsAnalytics and Continuous Monitoring to Manage Purchasing Cards
Analytics and Continuous Monitoring to Manage Purchasing Cards
 

Recently uploaded

fundamentals of digital imaging - POONAM.pptx
fundamentals of digital imaging - POONAM.pptxfundamentals of digital imaging - POONAM.pptx
fundamentals of digital imaging - POONAM.pptxPoonamRijal
 
Unlocking New Insights Into the World of European Soccer Through the European...
Unlocking New Insights Into the World of European Soccer Through the European...Unlocking New Insights Into the World of European Soccer Through the European...
Unlocking New Insights Into the World of European Soccer Through the European...ThinkInnovation
 
IIBA Adl - Being Effective on Day 1 - Slide Deck.pdf
IIBA Adl - Being Effective on Day 1 - Slide Deck.pdfIIBA Adl - Being Effective on Day 1 - Slide Deck.pdf
IIBA Adl - Being Effective on Day 1 - Slide Deck.pdfAustraliaChapterIIBA
 
Tips to Align with Your Salesforce Data Goals
Tips to Align with Your Salesforce Data GoalsTips to Align with Your Salesforce Data Goals
Tips to Align with Your Salesforce Data GoalsDataArchiva
 
Operations Data On Mobile - inSis Mobile App - Sample Screens
Operations Data On Mobile - inSis Mobile App - Sample ScreensOperations Data On Mobile - inSis Mobile App - Sample Screens
Operations Data On Mobile - inSis Mobile App - Sample ScreensKondapi V Siva Rama Brahmam
 
A Gentle Introduction to Text Analysis :)
A Gentle Introduction to Text Analysis :)A Gentle Introduction to Text Analysis :)
A Gentle Introduction to Text Analysis :)UNCResearchHub
 
Generative AI Rennes Meetup with OVHcloud - WAICF highlights & how to deploy ...
Generative AI Rennes Meetup with OVHcloud - WAICF highlights & how to deploy ...Generative AI Rennes Meetup with OVHcloud - WAICF highlights & how to deploy ...
Generative AI Rennes Meetup with OVHcloud - WAICF highlights & how to deploy ...Thibaud Le Douarin
 
Artificial Intelligence for Vision: A walkthrough of recent breakthroughs
Artificial Intelligence for Vision:  A walkthrough of recent breakthroughsArtificial Intelligence for Vision:  A walkthrough of recent breakthroughs
Artificial Intelligence for Vision: A walkthrough of recent breakthroughsNikolas Markou
 
Basics of Creating Graphs / Charts using Microsoft Excel
Basics of Creating Graphs / Charts using Microsoft ExcelBasics of Creating Graphs / Charts using Microsoft Excel
Basics of Creating Graphs / Charts using Microsoft ExcelTope Osanyintuyi
 
Choose your perfect jacket.pdf
Choose your perfect jacket.pdfChoose your perfect jacket.pdf
Choose your perfect jacket.pdfAlexia Trejo
 
What you need to know about Generative AI and Data Management?
What you need to know about Generative AI and Data Management?What you need to know about Generative AI and Data Management?
What you need to know about Generative AI and Data Management?Denodo
 
itc limited word file.pdf...............
itc limited word file.pdf...............itc limited word file.pdf...............
itc limited word file.pdf...............mahetamanav24
 
Introduction to data science.pdf-Definition,types and application of Data Sci...
Introduction to data science.pdf-Definition,types and application of Data Sci...Introduction to data science.pdf-Definition,types and application of Data Sci...
Introduction to data science.pdf-Definition,types and application of Data Sci...DrSumathyV
 
ppt penjualan berbasis online omset.pptx
ppt penjualan berbasis online omset.pptxppt penjualan berbasis online omset.pptx
ppt penjualan berbasis online omset.pptxHizkiaJastis
 

Recently uploaded (15)

fundamentals of digital imaging - POONAM.pptx
fundamentals of digital imaging - POONAM.pptxfundamentals of digital imaging - POONAM.pptx
fundamentals of digital imaging - POONAM.pptx
 
Unlocking New Insights Into the World of European Soccer Through the European...
Unlocking New Insights Into the World of European Soccer Through the European...Unlocking New Insights Into the World of European Soccer Through the European...
Unlocking New Insights Into the World of European Soccer Through the European...
 
IIBA Adl - Being Effective on Day 1 - Slide Deck.pdf
IIBA Adl - Being Effective on Day 1 - Slide Deck.pdfIIBA Adl - Being Effective on Day 1 - Slide Deck.pdf
IIBA Adl - Being Effective on Day 1 - Slide Deck.pdf
 
Electricity Year 2023_updated_22022024.pptx
Electricity Year 2023_updated_22022024.pptxElectricity Year 2023_updated_22022024.pptx
Electricity Year 2023_updated_22022024.pptx
 
Tips to Align with Your Salesforce Data Goals
Tips to Align with Your Salesforce Data GoalsTips to Align with Your Salesforce Data Goals
Tips to Align with Your Salesforce Data Goals
 
Operations Data On Mobile - inSis Mobile App - Sample Screens
Operations Data On Mobile - inSis Mobile App - Sample ScreensOperations Data On Mobile - inSis Mobile App - Sample Screens
Operations Data On Mobile - inSis Mobile App - Sample Screens
 
A Gentle Introduction to Text Analysis :)
A Gentle Introduction to Text Analysis :)A Gentle Introduction to Text Analysis :)
A Gentle Introduction to Text Analysis :)
 
Generative AI Rennes Meetup with OVHcloud - WAICF highlights & how to deploy ...
Generative AI Rennes Meetup with OVHcloud - WAICF highlights & how to deploy ...Generative AI Rennes Meetup with OVHcloud - WAICF highlights & how to deploy ...
Generative AI Rennes Meetup with OVHcloud - WAICF highlights & how to deploy ...
 
Artificial Intelligence for Vision: A walkthrough of recent breakthroughs
Artificial Intelligence for Vision:  A walkthrough of recent breakthroughsArtificial Intelligence for Vision:  A walkthrough of recent breakthroughs
Artificial Intelligence for Vision: A walkthrough of recent breakthroughs
 
Basics of Creating Graphs / Charts using Microsoft Excel
Basics of Creating Graphs / Charts using Microsoft ExcelBasics of Creating Graphs / Charts using Microsoft Excel
Basics of Creating Graphs / Charts using Microsoft Excel
 
Choose your perfect jacket.pdf
Choose your perfect jacket.pdfChoose your perfect jacket.pdf
Choose your perfect jacket.pdf
 
What you need to know about Generative AI and Data Management?
What you need to know about Generative AI and Data Management?What you need to know about Generative AI and Data Management?
What you need to know about Generative AI and Data Management?
 
itc limited word file.pdf...............
itc limited word file.pdf...............itc limited word file.pdf...............
itc limited word file.pdf...............
 
Introduction to data science.pdf-Definition,types and application of Data Sci...
Introduction to data science.pdf-Definition,types and application of Data Sci...Introduction to data science.pdf-Definition,types and application of Data Sci...
Introduction to data science.pdf-Definition,types and application of Data Sci...
 
ppt penjualan berbasis online omset.pptx
ppt penjualan berbasis online omset.pptxppt penjualan berbasis online omset.pptx
ppt penjualan berbasis online omset.pptx
 

CaseWare Monitor 5 - Take Control of Your Business

  • 1. CASEWARE MONITOR 5 – TAKE CONTROL OF YOUR BUSINESS CONTINUOUS MONITORING SOLUTION
  • 2. INCREASED BUSINESS RISKS Push to reduce costs, accelerate growth opens the door to new risks • Governance and control breakdowns happen both intentionally and unintentionally • Periodic audits are no longer sufficient • Large-scale changes are difficult to sustain A typical company loses 5% of revenue to fraud each year, with a median loss of $145,000.!
  • 3. CHALLENGES FOR BUSINESS PROCESS OWNERS • Detecting control breaches • Ensuring that remediation activities are complete • Distributing and managing compliance workload across the enterprise • Gaining acceptable efficiencies in meeting governance risk and control requirements • Increasing complexity in business systems • Emerging risks and controls as businesses change • Unable to identify issues until they become problems
  • 4. CHALLENGES FOR INTERNAL AUDIT • Increasing demand for complete, comprehensive and timely audit opinions • Providing effective oversight for business processes • Reducing the risk of fraud and errors • Validating organizational compliance • Determining and validating remediation actions taken by business process owners • Very difficult to involve the business side cooperatively
  • 5. CHALLENGES FOR IT MANAGEMENT • Increasing volumes of data • Increasing number of requests for data extracts • Managing the security, accuracy and integrity of data • Providing data and analytics to the business with ever changing user requirements • Providing assurances that the business systems meet control requirements • Seamlessly integrating controls monitoring existing infrastructure
  • 6. STARTLING FRAUD STATISTICS Average number of months to detect procurement fraud Proceeds of fraud that are recoverable 24 11%
  • 7. CaseWare Monitor puts you ahead of threats and prevents control failures from impacting your business. All in a single platform.
  • 8. UNDETECTED CONTROL FAILURES Sampling and periodic audits are unreliable and preventing potential threats.
  • 9. ISSUES ARE NOT CAUGHT IN TIME TO RECOVER FUNDS
  • 10. CATCH EXCEPTIONS AS THEY OCCUR
  • 12. AUTOMATED, CONTINUOUS ANALYSIS OF DATA – BEST CHOICE
  • 13. MANUAL REMEDIATION IS TEDIOUS, UNRELIABLE, PRONE TO ERRORS
  • 14. REMEDIATE WITHIN MINUTES • Fully customizable workflows to address exceptions within any business process and create a comprehensive audit trail of all remediation activities
  • 15. John leaves the company Payroll is not notified John’s salary is paid ANALYZING DATA FROM ONE SOURCE IS RISKY
  • 16. John leaves the company Payroll is not notified CaseWare Monitor analyzes HR and payroll data and detects that John no longer works for the company Exception CORRELATE DATA FROM MANY SOURCES TO FIND HIDDEN ISSUES
  • 17. MANUAL ANALYSIS CANNOT EASILY IDENTIFY TRENDS, RELATED CAUSES
  • 18. QUICKLY DISCOVER ROOT CAUSES Identifying root causes prevents losses, addresses control weaknesses and minimizes risk of reoccurrence!
  • 19. With one simple solution, you can monitor 100% of your data and transactions around the clock
  • 20. GEORGIA INSTITUTE OF TECHNOLOGY • Discovered millions in fraud, misuse and abuse • Automated and scheduled analysis of transactions • Achieved revenue assurance and faster resolution of control breakdowns “The real value of using data analytics is that it allows you to see fraud schemes that would be impossible to detect manually.” - Phil Hurd, CISSP, CISA, Georgia Institute of Technology!
  • 21. BANCO DE COSTA RICA • With proper management, 95% of cases are dealt on time • Automated month-end reporting takes hours rather than days • More than 300 controls are monitored automatically “With CaseWare Monitor we were able to take control.” - Chief Internal Auditor, Banco De Costa Rica !
  • 22. GRACEKENNEDY REMITTANCE SERVICES • Time spent writing compliance reports went from days to hours • Improved report accuracy with simplified data extraction • Automated compliance reporting to regulators, eliminating threat of missed deadlines “CaseWare Monitor made life easier by categorizing hundreds of thousands of transactions with a single click while increasing the quality of our reporting.” - Compliance and Enterprise Risk Manager, GraceKennedy Remittance Services!
  • 23. GRUPO COMMERCIAL CONTROL, S.A DE CV. • Prevented overpayment by 100% • Reduced operating expense by 80% over a 3-year span • Increased profitability by monitoring focal points within operations “With CaseWare Monitor we detected unauthorized expenditures, misstated social security contributions and unsold items in our branches” - Cesar Morán Lopez, Internal Auditor!
  • 24. CHANGE CAN SEEM LIKE AN UPHILL BATTLE
  • 25. CONTINUOUS CHANGE Stay ahead of risk by evolving business processes one small step at a time, rather than implementing mass changes
  • 26. THERE IS SO MUCH TO GAIN • Detect – internal control failures early • Remediate issues with customizable workflows and escalation • Improve controls, governance and efficiencies to increase ROI
  • 27. GET STARTED TODAY! Request your customized tour of CaseWare Monitor 5.
  • 28. CASEWARE MONITOR 5 – TAKE CONTROL OF YOUR BUSINESS CONTINUOUS MONITORING SOLUTION Visit casewareanalytics.com Email connect@caseware.com