Auditing & Compliance

Featured webinar: 19th May 2020, 3:00-3:30pm EET

Using process mining to improve Internal Auditing & Compliance

Learn how to check process conformance, and ensure processes adhere to regulations and standards. Moreover, hear how auditors such as EY have benefited enormously from using QPR's process mining software to easily visualize and analyze different processes, such as purchase-to-pay and order-to-cash. 

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Achieve process compliance

Process compliance means full conformance of the implemented processes to the designed process models. Organizations strive to plan their processes according to the agreed policies, taking into account the stakeholder and regulatory requirements, in order to reduce risk.

However, in reality, process execution rarely goes according to plan.

Process mining enables an unbiased and fact-based process compliance checking. By discovering and visualizing your as-is processes, you gain full transparency of your processes. QPR's process mining software does this by analyzing the data stored in your ERP and other source systems. 

How to check process conformance

With QPR ProcessAnalyzer's conformance checking, your as-is process are compared to your designed process model. The process mining software then presents the results to you instantly, and you get to learn about the conforming and nonconforming cases, conformance trends, reasons for deviations, and top violating variations.

Uncover bottlenecks with AI-powered root cause analysis

• Detect compliance issues
  • For example, in procurement, accounts payable, accounts receivable processes
• Highlight deviations from accounting standards
• Identify Segregation of Duties (SoD) conflicts
  • Such as in Order-to-Cash (O2C) or Purchase-to-Pay (P2P)