Internal Audit departments are responsible for the independent review of accounting, financial and operating activities of an organization. Their role is to ensure management is meeting their responsibility of establishing and maintaining acceptable business practices and adequate, effective internal controls.

Technology Insight's DataShark A/P aids these organizations in overcoming the complexities of disparate systems and inadequate information and reporting tools.  DataShark enables comprehensive, accurate and reliable reporting on the Purchase-to-Payment cycle.
 

fraud & risk

Fraud may be disguised in many forms, which is why Technology Insight believes in a multi-faceted approach to monitoring for potential fraud. 

DataShark A/P reports focus on the monitoring of standard areas such as the Vendor Master file to  not-so-standard, yet susceptible, areas such as P-card.  Analysis ranges from the tactical, transaction-level type of reports, to the theoretical, Benford's Law, to highlight questionable, and potentially fraudulent, activity. 

Depth and breadth of reporting capabilities are driven by each customer's availability of data and data capture.

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duplicate payments

Duplicate payments represent a breakdown in process and can have a significant impact on the bottom line. It is Internal Audit's responsibility to monitor duplicate payments and ensure proper prevention and recovery efforts are in place. 

In addition to utilizing best practices and standard ERP (SAP, PeopleSoft, Oracle, Lawson, etc) controls, organizations can take their internal capabilities one step further using Technology Insight' DataShark A/P solution.

Technology Insight uses the most systematic and comprehensive approach in the industry to provide our customers with the most comprehensive list of true duplicate payments with the noise of false positives removed. Our customers perform the recovery – no contingency fees.

DataShark delivers a much higher rate of true duplicate payments than audit software or internally developed solutions due to our focus on refinement. In addition to our extensive refinement algorithms and techniques, Technology Insight utilizes the results of each customer’s recovery efforts to further customize the algorithms to the customer’s unique business processes and structure. Technology Insight strives to deliver a 50% or higher true duplicate hit rate.

Using DataShark, organizations are able to: recover duplicate payments missed historically, prevent and identify future duplicate payments missed by internal and ERP controls, and utilize significantly less A/P resource while delivering much greater returns to the bottom line.

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business process analysis

Technology Insight’s DataShark A/P solution provides Internal Audit with 100% visibility of all data with the ability to perform comprehensive, detailed analysis. 

Depth and breadth of reporting capabilities are driven by each customer's availability of data and data capture. 

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why technology insight?

Technology Insight's DataShark solution empowers Internal Audit organizations with capabilities and results they cannot achieve using audit software, profit recovery firms or internal I.T. resources.  The results speak for themselves. 

Our experience and confidence is what enables us to offer our prospects a risk-free, no obligation to purchase, trial of the DataShark solution.  Our future customers are able to see the value we bring above and beyond existing practices and make an informed business decision.  Already using audit software or a profit recovery firm?  Not a problem.

Contact Technology Insight to find out more information on our free trial offer. 

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