Satori Group's Continuous Control Monitoring (CCM)

With increasing demands from both internal and external parties to ensure the effectiveness of internal controls, executives and business process owners are increasingly looking towards technology as a critical tool to automatically perform this function. In the past the traditional process often relied on a representative sample of data and/or circumstances rather than assessing a complete population of data continuously. Unfortunately this process usually takes place some considerable time after the business activity (transaction) has occurred. Typically, this would have been performed at a particular point in time and had been the responsibility of an Internal Auditor.

Organisations are now taking the opportunity that improved technology offers, to move towards controls being run on a regular and consistent basis - daily, weekly, monthly or yearly. In addition, the idea is to proactively identify and correct errors in data and transactions before these become significant or time prevents correction of the issues.

This Continuous Monitoring of the Business Controls and tracking of the exceptions and alerts helps organisations and decision makers have greater confidence in the accuracy, consistency, completeness and integrity of the data at all times.

Continuous Controls Monitoring Solution

The Satori Group’s Continuous Controls Monitoring (CCM) Solution enables a proactive, rather than a reactive approach towards achieving 100% data assurance. This is possible by reducing duplicates and inaccuracies of data, with the view to minimise the risk and fraud within your systems.
Our solution uses powerful software to automatically extract and run tests on transactional data from underlying systems on a regular and ongoing basis – daily, weekly or monthly.

Tests can be run across any system to look at any area of focus:

• Payroll
• Master files
• Expenses   
• Customer Accounts
• Accounts Payable
• Fraud Detection/Prevention
• Accounts Receivable
• Anti-Money Laundering

Exceptions and anomalies are highlighted then alerted to the key business stakeholders through the browser based user interface and dashboard. The closure of exceptions and incidents can be monitored, reported and also tracked.

As time progresses, additional tests can easily be added to expand on the amount of data being checked, continually improving the efficiency of the business processes through the quality of data. The system can alert the business prior to transactions and thus reducing errors, fraud and improving quality. For example, ghost employees on payroll, duplicate payroll payments or unauthorised changes in pay amounts.