Replace the costly, time-consuming and ineffective manual sample testing of selected data with ControlPanelGRC, a continuous audit solution that tests every executed transaction for risk and will ensure your organization is always audit ready.

To avoid audit deficiencies it is important to demonstrate that controls are in place, properly tested and effective and that best practices are in place to mitigate risks and document exceptions. ControlPanelGRC provides continuous controls monitoring of four key areas: configuration data, segregation of duties, master data and transaction level controls. Organizations utilizing ControlPanelGRC find that its continuous controls monitoring functionality does more than simply meet audit requirements.  This next generation solution provides a value add with real financial benefits.

Lower Total Cost of Compliance

Continuous audit functionality reduces audit costs by completely eliminating the need for manual sample testing of selected data looking for exceptions to business rules. ControlPanelGRC continuously mines configuration data, master data and transactional level data for exceptions to your rules and reports these exceptions to the appropriate risk owners for a documented review in workflow. This reduces the time and resources required for audit preparation as well as the time required for external auditors to complete an SAP^® audit which will result in significantly lower costs.

Improve Operational Performance

Business processes like order to cash or procure to pay may not be part of the traditional scope of "compliance" solutions. However, by implementing continuous controls monitoring of key business processes, organizations benefit from improved financial governance and from process performance improvements that can increase the availability of working capital and reduce spend leakage.

Reduce the Risk of Fraud

ControlPanelGRC reduces the risk of fraud by providing continuous audit capabilities in key areas most often taken advantage of by unscrupulous employees. The system monitors for exceptions to key business controls and for the execution of transactions flagged as risks and then notifies key personnel instantly. This enables the organization to take action and rectify issues immediately before it is too late.