How automating controls can make data more trustworthy.
You want to become a data-driven company, but can you trust your data? Automating your controls can help improve data reliability as well as identify risks and opportunities.
"When embarking upon a transformation, most organizations are seeking opportunities to automate and to become more data-driven. One sign of a poor implementation is that the organization isn't taking nearly enough advantage of the automation opportunities of these advanced systems. But the other is that business leaders can't trust the data that comes out of the new system. They can't reliably make business decisions based on that data."
- Eric Bloesch, Audit Technology Assurance Partner and ERP Control Solutions Leader
Corporate digital transformation is a high-stakes gamble: The winners make faster, better decisions and stop wasting time on routine tasks; the losers spend years and millions of dollars on what could amount to no more than expensive boondoggles. The difference between the two often comes down to how the transformation is implemented.
This article examines how a successful digital transformation can depend on bringing a controls mindset into the process upfront.