Auditing & Compliance
Compliance is a major concern for many organisations, certainly in the financial services sector, and database technology and data processing play such an important role. Regulatory requirement has increased significantly, and businesses face the prospect of significant financial penalty for non-compliance.
- Software Licence Compliance - Management of Software Licences and making sure a business remains compliant is a growing concern as without proper procedures in place, it is extremely easy for a business to illegally use software without intending to do so. Unfortunately, regardless of intention, the financial consequences can still be severe. We can help you get compliant and stay compliant.
- Separation of Duty - Making sure individual users of systems don't have the opportunity to undertaken multiple key parts of a single operation. In the case of expenses, it would be necessary to make sure that expenses are authorised by a different person than who will receive the expenses. In other areas such as insurance, this example extends to making sure that no individual can process the sale of a policy and authorise a claim against the policy. We can help you implement processes to enforce separation of duty.
- Application Security Monitoring - Building activity tracking as a core component of database applications is good practice, but in the case of applications which provide business critical functionality, or applications involving financial services, such auditing becomes fundamental to the integrity of the business as a whole. We can implement auditing and tracking solutions for your key business systems and help you to identify and mitigate sources of risk.
- Profit Recovery - With the use of database technology, we can help you identify where financial resources are being unnecessarily wasted. With monitoring solutions in place, money saving actions can be quickly identified. Linking data together from different sources can assist with discovering discrepancies which could be putting your business at risk.
Implementing auditing capability within database applications, either as an integrated part of software developed, or as dedicated auditing software to use data from other applications, the services provide a wide range of added value in reducing exposure to business risk, increasing levels of regulatory compliance, and reducing levels of expenditure and financial loss.
Contact us today for a free, no obligation, initial consultation.