Operational Auditing made easy: Automated - Continuous - Daily
Audit vs Operational Auditing
As a successful business you must execute well, every time because your customers demand it. If you don't, your competitor will. At SmartBI we focus on the Operational Audits using various sets of metrics to evaluate Risk, Business Health and Compliance.
The difference:
An Audit is an independent examination of financial information.
An Operational Audit a future-oriented, systematic, independent evaluation of organisational activities.
People, Process & Technology
Our aim is for the data to tell you the real story, by converting true data it into information that can be used for better decision making.
We use proven tools to give you this information at your fingertips.
How do processes align with the business objectives?
How are people performing in these processes?
How is technology being used by the people to do their job?
What kind of data is accessible for measurements?
How is this data converted into information?
Business Health
Effectiveness: How well is your planned 'output' matching your actual 'output'?
Efficiency: How well are you minimizing 'inputs & resources' to achieve your goals?
Economy: How well is the price/value you pay for 'inputs & resources' in relation to your output?
Excellence: How well is the quality of your output matching your customers wants and needs?
Ethics: How well is your organisation's integrity, individually and as whole?
Ecology: How well is your organisation in preserving resources & environment?
Reduce Risk
Risk assessments involves a dynamic and continuous process of identifying, analysing, and responding in the best possible way.
There are many different types of business and operational risks that can be measured. SmartBI concentrates on 3 categories:
1. Reporting - Data and Information Management
2. Compliance - Contractual T&C's, SLA's
3. Operations - People, Processes & Technology
The quality of reporting determines for a great deal how we can asses Compliance and Operations. Excellent data governance is paramount to control and reduce risks. SmartBI Information Control Centre has Data Governance features to manage this process with ease...
