Not Enough Experienced Auditors?
Take charge of this year’s audit plan and tackle the talent gap head on by incorporating automation into your organizations internal audits.
Streamline tedious manual tasks to save time and money and let your skilled professionals focus on areas of compliance and analysis that best serve the business’s forward momentum.
Automated Audit® software helps harmonize skill sets and raise the working baseline for audit teams across the enterprise.
Ready to Automate?
If any of the below sounds familiar then your organization may be ready to incorporate analytical tools such as Automated Audit® into your internal audit plan. Schedule a Robotic Audit Readiness Assessment with the Crystallize Analytics® team for a one-on-one session to review how your organization may benefit from automation.
Sampling Shortcomings
When auditing large datasets, in the past, financial auditors have had no choice but to utilize sampling and to manually load large data sets. However, sampling poses the inherit risk that a compliance issue or anomaly is in the unchecked data, as well as introducing the possibility of manual data handling errors and time wasted reloading and fixing the extract files. Automated Audit software connects directly to the database to analyze full datasets with the push of a button, eliminating sampling risks entirely and providing a more comprehensive view of the financial status of the business without manual extract and load steps.
More More More Data
As an organization grows so does the data quantity and complexity, resulting in more to audit each year. Automated Audit® can increase the volume and frequency of data that is audited to keep up with increasing demands.
Reactive vs. Proactive
Instead of waiting for problems to arise, Automated Audit provides internal financial audit teams with the ability to proactively monitor financials, encouraging continuous improvement and dramatically improving the control environment, preparing your organization for future audit success.
Procedural Problems
Keeping track of who is responsible for what, when, and documenting everything along the way, can be tedious and burdensome. Automated Audit enforces workflows for teams of any size, ensuring no auditor is ever reviewing their own work and maintaining audit standards. Additionally, with built-in report generation, auditors can quickly pull lead schedules and audit reports.
Automated Audit®
Limited Resources
Experienced auditors need to wear many hats with many constraints on availability and time. Let Automated Audit handle the routine tasks, and free up your team to work on the fun stuff, including finding the root cause of compliance problems, identifying potential data anomalies and fraudulent activity, and complex analytics.
Contact us to schedule a Robotic Automation Readiness Assessment available at no cost to you for a limited time. Our team of specialists will review your internal audit processes, determine areas of your audit which would benefit from automation, and provide your team with a free trial of our Automated Audit software. The software will identify potential accounting and transaction exceptions in your environment, and generate working papers and reports to be reviewed by your team, giving you the chance to experience how automation could expedite and enhance your internal audit processes.
How Does Automated Audit® Work?
Extract and Assemble ERP Data
Stop relying on IT for data requests, cleaning, formatting or analyzing flat files. Automated Audit connects directly to the database and makes it easy for auditors to manage large amounts of data.
Present Findings
Automated Audit presents data visually so that auditors can easily see differences and anomalies. Our signature Data Facets incorporate logic to identify items or transactions of concern using our auto-disposition feature. Auditors can then review the data and determine compliance either entry by entry, in bulk with our mass disposition tool, or via Excel depending on the auditors’ preferences.
Generate Documentation
Working papers, lead schedules, and audit reports are automatically generated by the software to document the auditors’ findings.
Integrated Workflows
Automated Audit makes it easy to assign roles to your team, and seamlessly follow workflows that ensures audit standards are maintained and enforce that an auditor is not reviewing their own work.
For more details about how the software works visit our Automated Audit webpage, check out the datasheet, or contact us.