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Continuous Monitoring Implement a suite of Continuous Monitoring Routines TM
to manage risk and ensure compliance
Continuous monitoring provides an automated and accurate control mechanism to independently monitor internal controls, analyse transactions and support regulatory compliance.
ERT leads the way in the field of Continuous Monitoring, developing ERT Continuous Monitoring Routines™ (CMRs) for some of the largest corporate and government entities in Australia and New Zealand.
BENEFITS OF CONTINUOUS MONITORING ROUTINESTM (CMRs)
CMRs allow you to institute a process of end-to-end, automated and regular continuous monitoring that accesses data at its source. In this way, senior management and the board can be kept informed as to what is happening in the business rather than what might be happening. With CMRs, you can automate your essential audit, fraud and compliance monitoring activities. This allows you to free up valuable staff resources to focus on other tasks.
ERT’s expertly designed CMRs provide a range of benefits.
- Automation of the import of data (eg: via ODBC at non-peak times)
- Monitoring of your data as often as required
- Automated exporting of reports
- Transfer of knowledge to your personnel
- Efficient design of programs, building on our vast CMR development experience
- Knowledge of leading finance and ERP applications: Oracle, SAP R/3, Peoplesoft, CHRIS21, JD Edwards, Sun, Aurion, Finance One etc
APPLICATIONS There is no limit to the application of CMRs. Over a number of years, ERT has developed routines for processes such as: - Accounts Payable & Purchasing
- Payroll & Human Resources
- Corporate Credit Cards
- Accounts Receivable
- General Ledger
- Fixed Assets & Inventory
- Vendor/Employee Matching
SYSTEM AND DATA DIAGNOSTICS Not sure what databases you have or what sort of data extracts you can obtain and, therefore, whether Continuous Monitoring can work for you? ERT can provide: - Systems Assessment
- Advice on data extraction options
- Review of Systems Documentation
- Liaison with IS
- Specification of CMRs
- Automation of data extraction and CMR execution
- Project management of in-house Continuous Monitoring developments
For more information on Continuous Monitoring contact us at info@ert.net.au |
