Business Information Services

Do you struggle with any of these challenges within your organization?

• Management reporting that doesn’t meet your expectation
• Difficult to quantify the financial impact of internal control breakdowns
• Legacy data cluttering systems (‘dirty data’)
• Lack of application controls or data validation controls in IT systems
• Duplicate payments made to vendors
• System integration challenges
• Revenue leakage (difficulty reconciling between billing systems)
• Upcoming system or data conversions

In today’s business environment, the sources and volume of data has increased exponentially. With all this data at our fingertips, why is it that management still has problems with obtaining the information they need?

The Solution

We provide solutions for CFOs and Controllers to save time, reduce costs and create better information.

Despite the evolutions in technology, management often finds that their systems cannot produce reliable and flexible results that truly reflect what is happening in the organization. Through the use of specialized data interrogation tools we enable our clients to better understand their data and, by doing so, improve their management decisions.

The data interrogation tools we use enable us to query large databases and analyze vast amounts of data (1,000 to 10,000,000 + records). Our analysis provides strong levels of assurance for clients to meet internal management reporting needs, but also to support regulatory compliance requirements such as Sarbanes-Oxley or NI52-109.

By leveraging our expertise in data analytics we help our clients turn their data into business intelligence. We are able to examine transactions within a system in an efficient and cost effective manner that would not be otherwise feasible.

Our Services to Management include:

• Ongoing performance of controls monitoring (continuous control monitoring)
• Identification of duplicate payments
• Realizing losses from revenue leakage
• System / data conversions assistance
• Clean-up or preparation of data prior / after a system conversion

Benefits for Management

Through our work with management (and their internal audit departments) we add value by identifying points of failure that lead to:

• Reduced revenue leakage caused by disparate information systems, requiring time consuming, manual reconciliations which don’t guarantee 100% accuracy.
• Recovered cost over-runs and the identification of significant cost overpayments to vendors.
• Identify fraud exposures through the breakdown of internal and IT controls or procedures being overridden.