Using analytics tools for
years to manage, monitor and control various Risk Parameters
For virtually anyone working in the area of Risk Management Audit Analytics isn't new. Risk managers have been using analytics tools for years to manage, monitor and control various Risk Parameters, depending upon the type of the Industry they are working with. There is a renaissance in analytics technology underway today, and it arrives just as the issue of risk takes on an even higher profile for leaders across industries. It can be challenging to separate the hype from the reality when it comes to analytics and risk management. Enterprise risk management can encompass so much more than merely making sure your business has purchased the right types and amounts of insurance. With the tools now available, businesses can quantify and model the risks they face to enable smarter mitigation strategies and better strategic decisions.
First, the amount of data being produced everywhere has exploded and continues to accelerate. The typical executive today is swamped by data coming from all directions. One job of analytics is to sort the important from the unimportant and analyze and synthesize the data in new ways that create actionable information. Fortunately, the tools and techniques to manage large volumes of data have been progressing over the past several years. The field of Big Data Analytics has evolved and developed from a specific platform to manage large volumes of data into an entire ecosystem of related technologies. SSPL, with its vast experience and team of experts in ERM, helps to select, implement, train and maintain the right solution for the right environment.
Insight in your data
IAA is a catalyst for improving an organization’s effectiveness and efficiency by providing insight and recommendations based on analyses and assessments of data and business processes. With commitment to integrity and accountability, internal auditing provides value to governing bodies and senior management as an objective source of independent advice. SSPL in its endeavor to provide automated solution to manage, analyse and audit the complicated ERP systems such as SAP, Oracle, PeopleSoft, JDEdwards, BaaN etc, our Internal Audit Analytics Solutions answers most of the audit challenges with advance dashboards with best possible data visualization and presentation. Analytics covers following areas of audit concern and our solution is fully expandable, and customisable to the user requirements and needs :