Product - System & Workflow Audit

Overview

Technology & Workflow Audit of Finance Function is a holistic analysis of your finance organization. The solution would help you analyze the business and system roles, systems, processes, integrations, data flows, and internal controls, allowing you to aggregate the Finance Function information in one tool and prepare the audit reports. The solution does not perform any financial audits.

Why

Digitalization is very important for finance today. CFOs are increasing investments in digital technology with various initiatives. These include building digital skills, prioritizing integrated data, promoting strong leadership, creating digital strategies and roadmaps, and managing cultural changes.

However, digitalization is often fragmented in many finance organizations. CFOs can avoid this by organizing the finance function’s structure, roles, workflows, and systems. This ensures that the organizational design supports and promotes effective digital investment, leading to cohesive digitalization.

Objectives

• Assess Finance Organizational Structure: Analyse the finance team’s structure, roles, and responsibilities.
• Evaluate Finance Systems Architecture: Comprehensive evaluation of the setup and integration of finance systems.
• Measure Finance Process Performance: Conduct an In-depth assessment of the efficiency and effectiveness of the existing finance processes based on internal and external metrics.
• Review Internal Control Measures: Examine the robustness and adequacy of internal controls within finance operations.

Value