Compliance; Cost Or Core Asset?
- 1. Compliance: Manual, Expensive and Produces Little Organizational Value except Checking it off a list eProcessManager ® produces value, where manually there is none. Manages & Enhances the entire compliance process & the related data. Saves Money.
- 2. Manual Method: Word® & Excel® One dimensional, static snapshot of past information Pushing Papers, not the Process Value Added Solution: eProcessManager® A live “sustainable container” for efficiently managing, monitoring & enhancing the entire compliance process & the related data. 20% savings of Ext. Audit Fees (+ Int. Audit Savings & Company Gains)
- 3. Expensive One-Dimensional Manual Cumbersome Time Consuming Accuracy Always Old Data Version Control Tedious Unproductive Interpretation Static Documentation is only part of the process. Audit, Testing & Remediation have the same challenges. What do you have when you’re done? A wealth of integral information, in a stack of outdated documents. Hard to utilize, difficult to update and of no organizational value. Expensive, with no ROI. Documentation Challenges
- 4. Unique Value Approach Combines & Enhances 3 Functionalities Compliance (Documentation, Audit, Testing & Remediation) Communication of Environment (Effectiveness, Risk, KPIs, Alerts, Flowcharts) Organizational Improvement (Automates Processes & Controls, Efficiencies, Monitors, Limits Consequences) Within the Framework
- 5. Unique Value Approach Leverages 3 Areas of Expertise Software integration establishes direct access to data sources, processes and controls Better Data (Real Time) Adding technology to processes and controls; reduces manual tasks, exposure & testing Always Lower Costs Accounting ; Compliance, Framework, Controls, Goals, Risks, Audit, Testing & Remediation Integrated Efficiency & Ease of Use
- 6. eProcessManager ® Strengths ePM easily imports & enhances your existing static documentation into a valuable live data resource. Simple to use, customize and leverage. ePM is a “Sage Endorsed Solution”, T/1 MAS is a “Sage Endorsed Software Development Partner”, a Microsoft Certified Partner with extensive experience with additional ERPs. We integrate with your transactional system, monitor & automate processes and controls. With software Integration, Importation of existing documentation and the Pre-loaded Templates; we can deliver your working container within 2 weeks .
- 7. The new COSO Guidance on Monitoring Internal Control Systems (Jan. 2009), reinforces our strategy of using more technology for; better data, improving the Organization and lowering compliance costs. Change a manual control to a technology control; Auditors test the control, not each document in the sample. Simple Controls to Continuous Control Monitoring (CCM). Automate Processes to reduce costs and need for controls. Multi-dimensional Automatic Alerts limit consequences. Enhance your documentation from a picture of past information to a live, multi-dimensional data resource. Accessible by & Increases Productivity for: Process owners, Management & Auditors
- 8. Reasons for eProcessManager ® ASAP Fresh Start: Import all of your static documents into the real time “sustainable container”; transform that data into an essential management tool. Align to your software (transactional system) and strategy for monitoring. Easily customize your data; make a change, ePM automatically updates everything it touches (and records it). A considerable amount will be paid to your External Auditor; with at least the same amount spent Internally, to convince the Auditors that the numbers presented are correct and true (with no ROI, in a very manual environment). You will save at least 20% of your Ext. Audit Fees (+ Int. Audit costs & Company efficiencies). Top-Down Internal Control Strategy; shows management’s commitment & reduces Ext. Auditor, Board and C-Level exposure. From this point on , everything you do will create value. Reducing manual tasks, collecting Better data for Better decisions, limiting duplication of effort and no more trying to match past versions with new data. ePM also adds needed technology to Auditing, Testing and Remediation (with recorded results) within the framework.
- 9. Added Benefits; Pre-loaded Templates ; to pick from & build upon (Processes, Risks, Objectives & Controls) Transparency ; tracks projects & implementations, ensures alignment, responsibility & accountability Simply resets (saves information, access IDs & records all changes) for each timeframe Document Intellectual Capital ; optimize consolidation and leverage Balanced Scorecard SOX, ISO/TS/QS, IT, IFRS, PCI, Audit, OMB, etc. Same live documentation aligns to different initiatives Stop Managing Documents, Manage the Process.
- 10. More Technology Always Means Better Data Better Decisions Less Exposure Less Testing Lower Costs Change your costly compliance projects into an ongoing core asset. ePM Costs less, Produces more. Find out how much? [email protected]