The services analyze historical purchasing and sales transactions looking for overpayment, contract pricing variations, and other operational and compliance issues. Clients benefit from tangible recoveries, while also receiving advice on monitoring controls that can be used to prevent future errors.
On Point Data Analytics(sm), the first service provided by the two firms, is directed primarily toward internal audit and executives responsible for Governance, Risk and Compliance. On Point Data Analyticcs analyzes client's data in the context of an internal audit project, thus providing hands-on audit software training while accomplishing specific audit objectives. The service also includes an assessment of an organization's capabilities and readiness for continuous auditing.
On Point Continuous Controls Monitoring (sm), the second jointly provided service, is designed to help companies understand the value of more in-depth and frequent monitoring solution. The services includes an in-depth analysis of historical transactions using a best-in-class continuous monitoring tool, and identifies operational and compliance issues along with improvements that can prevent future errors.
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