segregation
of duties

Managing risk is possible by looking at how different departments' and individuals' responsibilities align with one another.

It's important to keep in mind how these different groups of people work together - what they're responsible for, who they report to, etcetera - when reviewing potential conflicts of interest or questionable activity that may occur between them.

Risk can be mitigated through a process of evaluating key risks for every organisation. One way to do this is by looking at each role and its responsibility, which will allow one to identify different ways to mitigate the specific risk within their department or themselves.

reduce risk & fraud
within your business

Here is a story about how Segregation of Duties is a perfect fit for you!

Imagine if all of your major decision-making was done by just one person. One person who had power over all of your assets, who held the key to everything going on in your business, who knew every code - including those from systems you don't even know about. And then let's say this person made a mistake?

Let's say they did something that compromised what you've worked so hard for? It could be really tough or even impossible to recover.

The SoD Tool has been designed to give you an idea of what risks exist at various levels within your organisation and how best to address them before it is too late. What does this mean?

Segregation of Duties reports on who has access to which systems and processes in your business and where there could be a possibility for risk and fraud. So let's say that you don't want the same person receiving stock also crediting stock, SoD will pick up on this process and notify you of a possible risk. You can now actively manage this and mitigate any risk associated to this access.

Let us help you mitigate risk and fraud within your business.

segregation of duties features

View how profitable your business was with detail reporting from Revenue, Cost of Sales, Gross Profit, Operating Expenses. Using the Decomposition Tree, you can analyse your income statement from the GL Year to the Sundries Incomes with a click of a button.

roles & responsibilities

A risk management strategy for an organisation may include viewing the key roles and responsibilities assigned to every staff member. Roles and responsibilities can act as a way of mitigating collusion risks (the possibility of one person or part of the company working together for illegal purposes) that exist within each department or a specific individual.

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risk per location

With you operating in several places across the country, our SoD tool gives you an overview of risks that may exist at each location.

Near real-time reporting with FinWorx allows you to access your balance sheet at any given point in time with nearly no human interaction. Just select your reporting metrics and FinWorx will provide the report on your assets, liabilities and shareholders’ equity. The Balance Sheet report will detail the Current Ratio, Acid Test Ration, Cash Ratio, Net Working Capital, Debt Ratio, Equity Ratio, Solvency and more.

Become the future of Finance by digitizing your data and analytics.

rule detail

Our SoD Tool will provide you with the ability to drill-down to view which riles and processes are being violated from location to user access, indicating which rules were being violated with the SYSPRO activities associated to it.

Near real-time reporting with FinWorx allows you to access your balance sheet at any given point in time with nearly no human interaction. Just select your reporting metrics and FinWorx will provide the report on your assets, liabilities and shareholders’ equity. The Balance Sheet report will detail the Current Ratio, Acid Test Ration, Cash Ratio, Net Working Capital, Debt Ratio, Equity Ratio, Solvency and more.

Become the future of Finance by digitizing your data and analytics.

manage your segregation of duties

Prevent a single person from having access to assets and responsibility for maintaining the accountability of your assets. You will be able to update a rule set, mitigate a rule and amend the mitigations.