Finance professionals carry the burden of digging deep into data, accounting records, internal controls and policies to prevent fraud, theft and errors. Data analytics can help you pinpoint discrepancies in the financial records to gain confidence in the accuracy and integrity of business processes and financial reports.
Test 100% of GL transactions to analyze journal entries, account information and search for duplicates.
Search through high volumes of transactions to identify late invoices, illegal payments, missing or duplicate items and other indicators of fraud.
Ensure assets are safeguarded by analyzing debts, outstanding items, accounts with large balances, dormant accounts and credit balances.
Take a proactive approach in identifying employee theft by executing trend analysis, searching for anomalies and uncovering illegal activity.
Compare data from different systems to perform testing, prevent overpayments and avoid penalties.