MCIS GRC Analytics Solution

What are the areas covered by our GRC Analytics solution?

Audit Effectiveness & Value Creation

Internal Audit’s mandate across various organizations varies widely, however in almost every one. Internal Audit is looking for ways to be more relevant, be more valuable, and have a better “seat at the table.” Technology that:

1. Drives Internal Audit to focus on the right areas of business risk where there is maximum improvement opportunity and 
2. Clearly illustrating the impact and value of results to the business, will drive that perception of value and relevance Internal Audit is seeking to attain.

Internal Audit Efficiency & Automation

Internal Audit management can be automated using our solution, which will enforce organized efficiency, automate key tasks, and delegate or eliminate lower-value remedial tasks to the business through collaborative technology.

Anti Bribery & Anti Corruption

Putting in place a solution for identifying key bribery risks and regulatory requirements, preventative controls, and ongoing monitoring for violations minimizes the risk of bribe-related activity and significantly diminishes the fines and damages imposed should a bribery incident be prosecuted.

Expense Fraud Waste & Abuse

Virtually every organization has policies that govern spending via purchase card programs, fleet management cards, travel & entertainment, etc. yet employees consistently violate those policies. Improvements in internal control and monitoring of expense transactions will recover costs while simultaneously identifying ethically risky employees and organizational culture.

Anti Money Laundering

Money laundering is the process used to disguise the source of money or assets derived from criminal activity that needs to find methods to transform proceeds from illicit activities into “legitimate” assets. Our solution helps financial service entities to prevent the laundering of “dirty” money through their financial services by using our solutions analytics understanding key laundering risks, implementing controls, and monitoring transactions to identify such activity.

Loss Prevention

The nature of specific industries creates significant risk for specific preventable loss in the form of revenue leakage, unnecessary cost, or “shrinkage” due to simple operational weaknesses. Our solution assures that maximum revenue is recognized and preventable loss is avoided by identifying operational imperfections.

MCIS GRC solution helps our customers to achieve outstanding results:

Boost Efficiency & Productivity

Drive maximum value from your audits by building robots and leveraging AI to automate workflows and repetitive manual tasks. Empower your team to focus their energy on impactful strategic initiatives

Reduce Error-Related Risks

Minimize the likelihood of mistakes with sophisticated transparency and access tools. Enable accurate, secure work with read-only data access and repeatable processes. 

Achieve 100% Certainty

Provide the board and audit committee with 100% assurance. Integrate continuous control monitoring and entire population testing for unparalleled results. 

Eliminate Siloed Workflows

Contribute to stronger overall governance by uniting IT, risk, compliance, finance, and audit under a single clarity and shared responsibility umbrella.