Continuous Controls

Internal control policies are placing a significant and growing burden on many departments. Resources spend more and more time performing periodic "reasonableness" tests to identify processes that are non-compliant (e.g., testing a subset of the account reconciliation tasks, ensuring department expenses are still in control, etc.). These repetitive, time-consuming tasks are increasing compliance costs, and the typically manual nature of these processes limits the scope of testing that can occur, increasing the risk that issues will not be identified until it's too late. The sooner error or fraud is identified the better and continuous controls monitoring has emerged as a key approach for meeting this critical objective.

Continuous Controls Using CLARITY FSR™

With CLARITY FSR's Continuous Controls capabilities, business rules automatically identify anomalies within both operational and financial environments and send alerts to the most appropriate personnel using automated workflow functionality. And when anything is edited or approved following an alert, a full audit-trail tracks who made the change and when, ensuring compliance with even the most stringent internal control policies. CLARITY FSR helps companies react and take action more quickly, ensuring that the organization is always in full compliance.