Validate the accuracy of all journal entries. Automate manual steps for reconciliation. Identify high-risk employees, departments, journal entries, and approvers. ThirdLine features 30+ built-in audit analytics + interactive dashboards for continuous monitoring and analysis.
The General Ledger provides a complete representation of financial activity within your organization and therefore should reflect the most stringent level of accuracy. Any steps in your GL process that include human input, though, are vulnerable to error, compromising the integrity of your financial statement. Analytics on your GL data can catch manual entry risks, process inefficiencies, and other impediments to reconciliation.
Enterprise Resource Planning systems capture massive amounts of data within your municipality in real time. Automating your ERP data (e.g. data analytics) will allow you to quickly identify and understand risks occurring in your organization and use it to make changes and adjustments for an optimized process and improved performance.