Brief

For organizations looking to implement and enhance Continuous Control Monitoring (CCM), VUEFRAME Advanced CCM & RM is the solution that enables management to assess the effectiveness of controls and detect any associated risks, improve business processes and provide data to
support decision-making.

Overview

An advanced control monitoring of business processes and activities provides intelligence on the root causes of anomalies and take care of these inherent limitations and enhance
your visibility. It can -

1. Automate anomalies detection, regularly send it to business users for their review
and comment on control self-assessment mode. No need for the monitoring team to follow up and invest its key resources and time in mundane activity
2. Consolidate key exceptions based on several risk factors and classify them on Critical / High / Medium / Low risk
3. Assist in building the journey of treating the risk from ‘Raw to Residual’ based on sound principles and parameters relevant to auditors
4. Enable responses from business teams by automation of assignment and tracking the pendency
5. Provide a holistic view of with dashboards to track key metrics and program performance reports across desktops, tabs or mobile apps
6. Offer configurable and intuitive workflows to guide processes and investigations

Highlights

Product Highlights and Capabilities 

1. Data Integration: Auto data extraction from various sources with validation checks and integration with the system

2. Configurable workflow: Configurable workflow and rule-based assignment of exceptions to business users or auditees.

3. Exceptions manager: Exceptions tracker and trend analysis powered by intelligence suggesting corrective actions

4. Risk management: Provides a holistic and broader view of risk including risk factors and parameters risk scoring.

5. Cross integrations: Tight integration with other risk and control functions throughout the organisation.

6. Reports & analytics: Combines powerful analytics with comprehensive reports for better decision making.

Usage

Benefits :

1. Saves time: The primary benefit of continuous control monitor is that it automates exceptions and sends it directly to business users saving auditors time to follow-up which helps you save cost and time.

2. Easy to manage: Gets you the control of the complete audit lifecycle through a consolidated system making it easy to manage the end-to-end audit process.

3. Better decision making: Supports better decision making by identifying emerging risks, documenting the full trail of audit activity and improving transparency & collaboration.

4. Identifies Risk Early: Locates errors, control issues and ensures compliance with standards potential frauds to help teams quickly and accurately orchestrate the right response, every time.

5. Identifies Risk Early: Locates errors, control issues and ensures compliance with standards potential frauds to help teams quickly and accurately orchestrate the right response, every time.

Support

Depends on the product subscription model 

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