Galvanize Audit Risk Analysis Tool
Computer Aided Audit, Risk & Governance ToolTrident’s Galvanize integrated software solution standardizes and streamlines key functions allowing you to increase team productivity and efficiency by as much as 50% – materially increasing the value you bring to your organization. Overview Galvanize Analytics Galvanize Essentials Galvanize Overview Galvanize – Transforming Audit & Risk Galvanize’s suite of products is used at all levels of the enterprise to help maximize growth opportunities for our customers by identifying and mitigating risk, protecting profits and accelerating performance. Galvanize provides audit and compliance management when and where you need it. Galvanize Analytics and Essentials simplify and automate your data access, extraction, analysis, investigation, remediation and reporting. Galvanize focuses on; Data Analysis Audit & Compliance Management Continuous Transaction Monitoring Reporting & Data Visualization Exception Management Tracking Galvanize delivers technology solutions that are transforming audit and risk management. Through a combination of software and expert content, Galvanize enables powerful internal controls that identify and mitigate risk, protect profits, and accelerate performance. Audit Management Internal Audit Compliance Management Internal Audit, Compliance & Legal, Accounting & Finance, IT Operational Risk Management Risk Management, Accounting & Finance and Information Technology Fraud Management Compliance & Legal, Accounting & Finance, IT, Internal Audit Risk & Control Monitoring Internal Audit, Compliance & Legal, Accounting & Finance, IT, Business Operation Enterprise Risk Management Risk Management, Internal Audit Business Benefits Increase business assurance With so many disparate data sources in the enterprise, being able to capture relevant transactional data for a complete view of the business is no trivial task. Galvanize Analytics provides connectivity to a broad range of data sources. From transactional databases, spreadsheets, flat files, business applications (including SAP ERP and SAP CRM) and more, Galvanize Analytics’ depth and breadth of connectivity helps ensure complete data coverage for increased business assurance regardless of the disparateness and variety of information sources. The business can also be reassured of the integrity and validity of results as a detailed audit trail of all analysis activities is always being recorded Raise executive visibility Analysis results don’t resonate with upper management unless they’re presented in an executive context. Effectively get the attention of an executive audience by conveying the significance of analysis results through compelling, yet easy to create, data visualisations that provide additional business context, not just transactional data results. Save time and effort with automation Eliminate manual effort and quickly help achieve significant cost savings by automating data import, export and analysis tasks. Using the industry standard Galvanize designed by the company founder, scripts can easily and quickly be created to automate repetitive manual tasks. For example, instead of taking 1-4 days to manually reconcile multiple spreadsheets, Galvanize Analytics can import, combine and test the data using a script that only takes seconds to execute. Improve corporate culture for increased collaboration A siloed corporate culture limits the ability to leverage the collective expertise of the organisation. Spreadsheets, documents and e-mail are also not a viable or scalable means of easily sharing thoughts and keeping track of feedback. Break down communication barriers and help nurture a more synergistic culture by easily showcasing analysis results and encouraging collaboration across cross-functional teams with Galvanize for secure cloud-based sharing. Galvanize Analytics Audit Management & Analytics Are you trapped in a time suck between spreadsheets, manual processes, or difficult technology? Galvanize Analytics Galvanize Analytics is a data analysis application that provides a powerful combination of data access, data analysis, and integrated reporting. Galvanize provides immediate visibility into transactional data critical to your organization. The application reads and compares data, but does not allow modification of source data to ensure that it remains intact for complete data quality and integrity. Galvanize allows you to work with data in the following ways: Analyze entire data populations, or samples of populations Identify trends and exceptions, and highlight potential areas of concern Identify control issues and ensure compliance with organizational standards Age and analyze financial or time-sensitive transactions Automate analytic testing and receive immediate notification of results Log the analysis performed, allowing you to preserve analysis steps, and review and compare results Application Use Cases Audit Control effectiveness Audit analytics Risk analytics Statistical sampling Compliance FCPA AML Sanction lists Contract compliance Information Technology Data migration, reconciliation COBIT, SOX Security testing Transnational SoD resting Log analysis Risk Management Monitoring KRI indicators Risk scoping Human survey testing Risk analytics Accounting & Finance PCard T&E P2P Fraud Tax compliance Procurement Vendor assurance Predictive analytics Public Sector Entitlement oversight Grants compliance Investigations Automate A123 control testing Aidit readiness Trident Data Visualisation Audit Ready Solutions for Dynamics ERP: Navision & Axapta Audit Analytics is used for performing internal controls and identifying transaction errors and exceptions. Such reviews often take place long after the transactions have been done which seriously limits the ability of Management to take timely and corrective action. The value of audit analytics is maximized when the results of Continuous Monitoring transactions and controls are being provided directly to the business process owners for response. This allows for corrective action to be taken on a timely basis, directly improving the bottom line and business performance and reducing associated risks trough rapid response to fraud, errors and inefficiencies as well as strengthening financial and operational controls. Whether your business challenges lie in the areas of fraud detection, controls monitoring, or auditing for compliance – or within the specific regulatory and operating environments unique to Government, Banking & Finance or Healthcare – Trident can incorporate standard controls testing analytics into customized solutions uniquely suited to your organization’s needs through the Galvanize solution and our consulting offering within audit analytics. The Audit Analytics are a series of Audit related dashboards that are ready to deploy showing this knowledge to the business. This can be deployed via a browser or mobile device. The solution is powered by Galvanize, the leading data analytical engine, and Power BI Dashboards, the top data visualisation dashboard. The Audit Analytics solution enables data to be extracted on a regular frequency (hourly, daily, weekly, as deemed necessary) to dynamically and automatically update the dashboards without IT involvement
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