Continuous Audit Data Reconciliation Tool
Last year’s survey was primarily concerned with the relevance of the classical business intelligence value proposition in the face of a rapidly-changing data environment – big data, real-time analytics and the incursion of statistical methods into what has traditionally been a data-aggregation business.
Offerings:
- Database management
- Business intelligence
- Yeti-Remote data capture and dashboarding
- IOT – (Internet of Things) Monitoring platform
- Bespoke business solutions which include the Continuous Audit Reconciliation Tool
Value Proposition:
- Gathers all the data needed for audit or process monitoring
- Reconciles all data to source which guarantees data integrity
- Consolidates disparate data sources.
- Reduces work load so that time can be invested in more proactive ways for the client.
- Eliminates faults by automating the data reconciliation process
- Allows for great flexibility in configuration and integrates with a variety of tools including
- Caseware, Excel etc.
- Creates Annuity Revenue opportunities
Key Differentiators:
- Intuitive and Process-Driven
- Locally developed and supported gives quick turnaround and enhancements
- Flexible and configurable for different approaches and clients
- Reduces dependency on data technologists
- Integrates line of business data with financial data from multiple platforms
Problems:
- Obscure data with Complex Data Diagrams
- Fragmented data- multiple sources
- Inconsistent data- with poor data integrity
- Low Reusability of process
- Poor structures such as Excel
Youngblood Solution:
The Youngblood Audit Recon Tool Automates and makes more efficient these processes:
- Finds the data
- Collects the Data
- Makes sure data is right
- Makes the data accessible
Benefits:
The Youngblood Audit Recon Tool Creates an environment that:
- Available, consistent structured data
- Manageable, regular work schedules
- Better margins
- Annuity-based Income
- No more Key Man dependencies
