Reduce Fraud & Boost Cost Savings by Automating Internal Controls
Our white paper explains how using robust controls and automation,
organizations can better manage fraud risks, comply with regulations,
improve operational efficiency, and save substantial costs.
July 2023
Jens Kettler
WHAT‘S COVERED
We present a comprehensive look into the impact of fraud on organizations, and the benefits of Controls Automation. It highlights the growing problem of internal and occupational fraud, using Amazon‘s $9.4 Million fraud case as an illustrative example. The paper underscores the need for more stringent controls and automation, offering insights into the driving factors for automation, and the tangible and intangible returns on investment.
We show you the most important factors driving controls automation as well as the ones that deliver a return on investment (ROI) for Controls Automation.
In conclusion, while Controls Automation may entail initial costs and require organizational change, the potential ROI, both in terms of hard savings and soft savings, makes it a worthy investment. With robust controls and automation, organizations can better manage fraud risks, comply with regulations, improve operational efficiency, and save substantial costs.
YOUR BENEFITS
Understand why Internal Control processes are fundamental to business operations
Learn why Automation equals an enormous potential for Savings
Understand the 7 types of Fraud you should definitely know about
HOW WE CAN HELP YOU
remQ offers built-in controls - there is no need to spend months with setup and configuration. You get industry-leading controls with methodologies that the largest consulting firms rely on.
Please also consider: remQ is the fastest solution for SAP ERP and S/4HANA to control data and transactions in SAP and detect errors and fraud in procurement, accounting, inventory, sales, and other business areas.
OUR REFERENCES
GET AHEAD OF YOUR BUDGET WITH VOQUZ LABS
Jens Kettler
Director Business Unit Risk & Compliance
Jens has 20+ years experience in SAP security, compliance and internal controls. He is an ex-auditor, always curious, willing to learn and to share knowledge. At VOQUZ Labs Jens is responsible for our risk and compliance products. He enjoys interacting with customers and finding quick and simple ways to improve our products to deliver value to customers. Pragmatic and customer-focused? Then Jens :)
Make sure your Audit and Internal Control program
runs at the speed of business!
remQ Business Inspector for SAP® Software offers innovative business transaction monitoring and auditing software with built-in expert know-how. 100++ controls and reports work out of the box when the software is installed and cover business areas such as procurement, order-to-cash, accounting, and inventory. Our software helps customers automate their SAP systems' controls, making systems and business processes more secure and less expensive.