CASEWARE MONITOR 5 – TAKE CONTROL OF YOUR BUSINESS

CONTINUOUS MONITORING SOLUTION

INCREASED BUSINESS RISKS

Push to reduce costs, accelerate growth opens the door to new risks• Governance and control breakdowns happen both

intentionally and unintentionally• Periodic audits are no longer sufficient• Large-scale changes are difficult to sustain

A typical company loses 5% of revenue to fraud each year, with a median loss of $145,000.!

CHALLENGES FOR BUSINESS PROCESS OWNERS• Detecting control breaches• Ensuring that remediation activities are complete• Distributing and managing compliance workload across the

enterprise• Gaining acceptable efficiencies in meeting governance risk

and control requirements• Increasing complexity in business systems• Emerging risks and controls as businesses change• Unable to identify issues until they become problems

CHALLENGES FOR INTERNAL AUDIT

• Increasing demand for complete, comprehensive and timely audit opinions• Providing effective oversight for business processes• Reducing the risk of fraud and errors• Validating organizational compliance• Determining and validating remediation actions taken by

business process owners• Very difficult to involve the business side cooperatively

CHALLENGES FOR IT MANAGEMENT

• Increasing volumes of data• Increasing number of requests for data extracts• Managing the security, accuracy and integrity of data• Providing data and analytics to the business with ever

changing user requirements• Providing assurances that the business systems meet

control requirements• Seamlessly integrating controls monitoring existing

infrastructure

STARTLING FRAUD STATISTICS

Average number of months to detect procurement fraud

Proceeds of fraud that are recoverable

24

11%

CaseWare Monitor puts you ahead of threats and prevents control failures

from impacting your business.

All in a single platform.

UNDETECTED CONTROL FAILURES

Sampling and periodic audits are unreliable and preventing potential threats.

ISSUES ARE NOT CAUGHT IN TIME TO RECOVER FUNDS

CATCH EXCEPTIONS AS THEY OCCUR

SPREADSHEETS AND EMAIL REMEDIATION IS TIME CONSUMING

AUTOMATED, CONTINUOUS ANALYSIS OF DATA – BEST CHOICE

MANUAL REMEDIATION IS TEDIOUS, UNRELIABLE, PRONE TO ERRORS

REMEDIATE WITHIN MINUTES

• Fully customizable workflows to address exceptions within any business process and create a comprehensive audit trail of all remediation activities

John leaves the companyPayroll is not notifiedJohn’s salary is paid

ANALYZING DATA FROM ONE SOURCE IS RISKY

John leaves the companyPayroll is not notifiedCaseWare Monitor analyzes HR and payroll data and detects that John no longer works for the companyException

CORRELATE DATA FROM MANY SOURCES TO FIND HIDDEN ISSUES

MANUAL ANALYSIS CANNOT EASILY IDENTIFY TRENDS, RELATED CAUSES

QUICKLY DISCOVER ROOT CAUSES

Identifying root causes prevents losses, addresses control weaknesses and minimizes risk of reoccurrence!

With one simple solution, you can monitor 100% of your data and transactions around the clock

GEORGIA INSTITUTE OF TECHNOLOGY

• Discovered millions in fraud, misuse and abuse• Automated and scheduled analysis of transactions• Achieved revenue assurance and faster resolution of control

breakdowns

“The real value of using data analytics is that it allows you to see fraud schemes that would be impossible to

detect manually.”- Phil Hurd, CISSP, CISA,

Georgia Institute of Technology!

BANCO DE COSTA RICA

• With proper management, 95% of cases are dealt on time• Automated month-end reporting takes hours rather than days• More than 300 controls are monitored automatically

“With CaseWare Monitor we were able to take control.”

- Chief Internal Auditor, Banco De Costa Rica!

GRACEKENNEDY REMITTANCE SERVICES

• Time spent writing compliance reports went from days to hours• Improved report accuracy with simplified data extraction• Automated compliance reporting to regulators, eliminating

threat of missed deadlines

“CaseWare Monitor made life easier by categorizing hundreds of thousands of transactions with a single click while increasing the quality of our reporting.”

- Compliance and Enterprise Risk Manager, GraceKennedy Remittance Services!

GRUPO COMMERCIAL CONTROL, S.A DE CV.

• Prevented overpayment by 100%• Reduced operating expense by 80% over a 3-year span• Increased profitability by monitoring focal points within

operations

“With CaseWare Monitor we detected unauthorized expenditures, misstated social security

contributions and unsold items in our branches”- Cesar Morán Lopez,

Internal Auditor!

CHANGE CAN SEEM LIKE AN UPHILL BATTLE

CONTINUOUS CHANGEStay ahead of risk by evolving business processes one small

step at a time, rather than implementing mass changes

THERE IS SO MUCH TO GAIN

• Detect – internal control failures early• Remediate issues with customizable workflows and

escalation• Improve controls, governance and efficiencies to increase

ROI

GET STARTED TODAY!Request your customized tour of

CaseWare Monitor 5.

CASEWARE MONITOR 5 – TAKE CONTROL OF YOUR BUSINESS

CONTINUOUS MONITORING SOLUTION

Visit casewareanalytics.com Email connect@caseware.com