DATA ANALYSIS, GRC AND TRAINING BUILDING BUSINESSES BEYOND BOUNDARIES

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1 DATA ANALYSIS, GRC AND TRAINING BUILDING BUSINESSES BEYOND BOUNDARIES

2 Data Analysis Enterprises need to continuously improve efficiencies and efficacies to deliver more with less and to outperform the competition consistently. In order to do things better and smarter they need insights into markets, customers and their own internal processes to stay ahead of competition and to deliver sustainable business performance. Therefore businesses need to closely analyze the overall ecosystem and the data generated thereof. Looking at only organizational data will never yield the comprehensive intelligence that can deliver the ultimate edge over the competition. One has to dig deeper than the customary approaches of data analysis to deliver descriptive, prescriptive and predictive intelligence to Organizations

3 Data Analysis We provide data analysis solutions and intelligence using ACL Analytics to organizations who desires to outperform the competition. In order to be competitive and smart, the organizations need foresight into the market, customers and their own internal processes. Finance sector Retail sector Manufacturing sector Service sector Credit risk monitoring Daily banking analysis Product costing variance analysis Daily banking analysis Analysis of GRC Impairment provisioning models Product, Price and GP variance analysis Pipeline analysis Spend analysis Procurement cycle analysis Product, Price and GP variance analysis Pipeline analysis Revenue assurance on interest, fees and commission Validation of interest expenses to customers Monitoring through exception reporting Assessment of compliance with regulatory requirements Sales team effectiveness Duplicate and unauthorised payments Inventory analysis (order vs available, etc.) Up-sell/cross-sell Cycle time analysis Customer receivables Duplicate and unauthorised payments Inventory analysis (order vs available, etc.) Forecasting of inventory needs Raw material price variance analysis Marketing team effectiveness and analysis of post marketing returns Duplicate and unauthorised payments Customer receivables

4 How Baker Tilly helps: Baker Tilly's Analytics Services help organization to build enterprise-wide analytics culture by effectively marshalling deep industry knowledge, cutting edge mathematical and statistical methods, business insights and technology tools to help you. Align Analytics adoption with Business Strategy and direction Reduce the time between insight and action Enable decision makers to find their own answers Empower people at every level to act with confidence Enhance cost management through- Optimized operations Better financial performance analysis Drive business growth through- Deeper customer insights Product innovation - Service innovation/optimization Transformed management processes Creating new business models Improve risk management through Enhanced regulatory compliance Monitor and control internal risks Counter fraud and thefts Manage the change effectively Manage Analytics Performance

5 OTP -Customer Management Example analytics Duplicate and/or ghost customers on the customer master file Sales orders processed for customers who don t exist or who have had sales blocks placed upon them Employee master file data that is missing or invalid High-risk customers billed in the billing process but doubtful All changes to customer data is valid and authorized Credit limits assigned to customers adhere to company polices All customers have a credit limit Instances of employee and customer matches Customers with high volume of refunds Customers enjoying significant discounts

6 OTP -Order and Fulfilments Example analytics Identify variances in quantity or price to ensure transaction accuracy for sales order and shipping documents) missing sales orders to ensure transaction authorization and validity of goods shipped all approved sales order have corresponding shipping documents created unauthorized sales order transactions. shipping documents created by employees who are not in the authorized employee list. orders shipped before a purchase order was submitted transaction data that is missing or invalid Statistics and profiling of transactions values shipping documents where there are no corresponding sales orders

7 OTP-Pricing and invoicing Example analytics variances in invoice and shipping document quantities customer credit memos not appearing in the accounts receivable file and where there are no corresponding receiving documents billings are within a timely manner any excessive unauthorized sales order discounts excessive customer write offs Invoiced prices match to approved price lists for each type of product Instance of overcharging to customers to meet targets, etc. all sales prices changes and discounts are authorized Invoiced quantities reconcile to quantities dispatched/shipped and moved out of stock record SODs and ACLs conflicts and unauthorized adjustments

8 PTP - Purchase to Pay Analytics Example analytics identification potential duplicate payments possible duplicate invoices vendors that are potentially used for fraudulent payments or are erroneous and cause vendor payment problems employees set up as vendors in the vendor master file identifying potential split requisitions intended to circumvent corporate authorization limits Test for compliance with the appropriate approval limits misuse of one-time vendors for creating bogus invoices. suspicious invoices where the layout of the invoice number deviates from the norm. instances where critical elements of vendor master records are changed frequently.

9 Approach to our analytics Locating, acquiring and creating table layouts from your source data. Locating, acquiring and creating table layouts from your source data. Step 3 Formulating clear objectives of the analysis and budget resources Step 1 Step 2 Locatin g, acquirin g and creating table layouts from your source data. Step 5 Step 4 Locating, acquiring and creating table layouts from your source data.

10 Our people at your service We know your expectation is a quality and value adding service. People are what matter most in a professional relationship, they deliver service. You are an important organisation and would be a much valued partner in our progress. We would like to demonstrate our commitment to you and assure you of our top people and resources. Contact Us Harischandra Saparamadu ACDA, ACA, ACMA, CGMA, Bcom(Sp) Partner Your key relationship partner: Priyan Edirisinghe T: F: priyan@eco.lk Priyan is our senior partner and is a fellow member of Chartered Accountants of Sri Lanka. His vast experience in audits, tax and advisory in various industries will certainly design to add value to you. T: F: hari@eco.lk

11 Thanks you!