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What is Operational Controls Management?

Operational Controls Management is for the Finance, Audit, and Internal Control teams managing your Internal Control program. Operational Controls Management provides significantly improved risk assurance on financial statement reliability and compliance with applicable laws, while lowering program burden and costs by streamlining workflows, automating tasks, and streamlining and harmonize controls.

How can Operational Controls Management help me?

The fundamental objectives of the internal control function are the following:

  • Demonstrate compliance with applicable laws and regulations (eg, SOX) improve financial reporting reliability and prevent fraud, improve operational efficiency, reduce revenue leakage.
  • Inform and give guarantees to the CEO, CFO and the Board of Directors.
  • Increase risk coverage.

Benefits of Operational Controls Management?

Operational Controls Management will provide teams with a well-managed program with greater visibility and efficiency to increase safety and reduce costs. A recent Forrester TEI study found that Operational Controls Management was able to save the company two FTE salaries and $447,600 in consulting costs alone.

  • Increase the safety and confidence of management and investors.
  • Achieve real-time visibility to make strategic decisions.
  • Reduce the time and costs of IC activities.
  • Reduce leakage due to fraud or error.
  • Reduce employee turnover and increase employee satisfaction.

Operational Controls Management capabilities?

Internal Control teams using Operational Controls Management will follow the following process.

  1. Establish your plan, process, narratives and entity structure
  • Model your entity structure to reflect the regions, systems or business units to report on.
  • Centralize your library of risks and controls to streamline and harmonize your controls.
  • Access pre-built SOX risk and control matrices that align with COSO standards.
  • They collaborate with the rest of the company to bring together their processes, narratives, flowcharts, and more (PBCS).

  1. Perform a risk assessment on controls
  • conduct a risk assessment based on industry best practices to focus on controls that will prevent material risks.
  • add key attributes and entities to key controls.

  1. Carry out tests and trials
  • Engage in front-line self-assessment of control, perform walkthroughs and tests directly within the platform, analyze transaction data in real time to detect leaks.
  • Automate testing and real-time monitoring of controls with Robotics.
  • Automate workflows, notifications, and task lists to ensure tasks are completed on time.

  1. Identify deficiencies and remedy them
  • Track, remedy and report deficiencies/problems.
  • Automate action plans and assign people to follow up.
  • Cite evidence directly within the platform.
  • Collaborate with process owners when issues or deficiencies are noted.

  1. Report to executives and get certified
  • Use surveys to manage 302 certificates (SOX).
  • Create dashboards for notification of the situation and deficiencies of the PMO.
  • Effortlessly update stakeholders with one-click reports.


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