The concept of continuous monitoring has been around for a long time and with the changes SOX has made with how we evaluate our businesses, has become an absolute goal with many organizations. Over the past decade a variety of monitoring tools have come and gone promising to continuously monitor transactions and remediate exceptions. The reality of implementing these tools can be extremely time consuming, costly, and when the dust settles the tools do not always deliver what was promised. Continuous Monitoring does not need to be a time consuming and expensive endeavor. It is possible to start small, often with the analysis tools already in place, and build upon the initial successes once you’ve proven tangible results to a larger audience.
Our team of professionals can help you:
- Build a continuous monitoring solution that is designed to suit your specific needs
- Automate tests of internal controls to support your ongoing SOX initiatives
- Gain increased visibility into the transactional data within your organization
- Improve revenue assurance and reduce the risk of fraud
- Make better use of existing tools within your organization
- Move towards full continuous monitoring in a phased approach so you can demonstrate value while you continue to grow the program
Contact our Data Management Group experts to learn how you can attain continuous monitoring without breaking the bank.