Limit your organization’s exposure to fraud through clearly defined access. Easily manage your organization’s data, functional roles, and the users who have them. Identify and resolve active permissions conflicts and high-risk permissions among employees, approvers, and departments. ThirdLine's Segregation of Duties Audit Intelligence features 55 built-in audit analytics + interactive dashboards for continuous monitoring and analysis
Segregation of Duties (SOD) is a basic building block of risk management and internal controls for an organization. For instance, you would not want to allow an employee to both create and approve the same travel and expense claim in your system. Without SOD in place, fraud and error risks are hard to manage. Depending on the number of users with varying roles and permissions in your system, managing appropriate access is even harder. That’s where data analytics comes.
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.
Data analytics are written to track transactions as they move through the ERP workflow. Each analytic is asking a question of transaction. If the transaction meets the criteria, the analytic will flag the transaction. A single transaction could be flagged by multiple analytics.