How to Accelerate Audit and Internal Control Onboarding with Automated Controls [Article 3/3]

Taking on a role as an audit and internal control director represents a defining career milestone, requiring a blend of strategic vision and concrete actions. After exploring the key initial steps in our previous articles—including the importance of field immersion and strategic alliances—and identifying essential quick wins to demonstrate your ROI, this final article addresses how automating internal controls with Eye2Scan's technology facilitates and accelerates the audit leadership onboarding process in the digital era.

Automated Controls: Solving Audit and Internal Control Onboarding Challenges

Without automation in place, new audit and internal control directors face a long and complex learning period. The need to master different ERPs, create custom controls, and dependency on IT or data teams for data extraction or control design slows down the achievement of initial results. Eye2Scan transforms this approach.

Implementing Automated Controls in Just Weeks with Eye2Scan

Deploying automated controls with Eye2Scan's continuous monitoring technology takes only two weeks on SAP and one month on other ERPs, quickly transforming the initial observation phase into tangible control actions. This rapid implementation ensures organization-wide control coverage from day one, providing immediate visibility into critical business processes and potential fraud risks. Thus, while you continue your field immersion as a new internal audit and control leader, the automated control system already begins its analytical work, identifying exceptions and control weaknesses that require attention.

Comprehensive Control Library: Complete Coverage for Audit and Compliance Needs

Eye2Scan distinguishes itself with its library of over 80 preconfigured controls, fully customizable according to your company's management rules. These controls, developed from industry best practices and our R&D teams' business expertise, cover all major cycles:

• Accounting (Record-to-Report - R2R)
• Purchasing (Procure-to-Pay - P2P)
• Sales (Order-to-Cash - O2C)
• Logistics
• Segregation of Duties (SoD)

This comprehensive coverage allows you to meet compliance requirements (Anti-corruption laws, SOX...) from the start while ensuring operational efficiency. The controls, whether "master data," transactional, or consistency-based, are entirely customizable and facilitate the immediate identification of action priorities.

Digital Transformation: Achieving Technological Independence in Internal Audit & Control

One of Eye2Scan's major strengths lies in its ease of use. Audit and internal control teams no longer need training on each ERP instance: a single intuitive interface centralizes all data and controls. This independence from IT systems allows you to:

• Directly access data from different ERPs without regular technical intervention
• Create and modify analyses without in-depth training on underlying systems
• Instantly share results with stakeholders

Eye2Scan's unified interface eliminates dependency on IT teams and enables immediate responsiveness to potential anomalies, thus enhancing the effectiveness of audit and control teams.

Building Stronger Three Lines of Defense with Automated Control Systems

Building on our first article about the importance of alliances, Eye2Scan plays an essential unifying role by bringing together the different lines of defense and the company's risk management functions. By centralizing data in a single platform, the tool establishes a common language between audit, internal control, compliance, risk management teams, and operational staff.

The solution allows for an unlimited number of users, ensuring the participation of all key organizational stakeholders. Its collaborative dimension is expressed through a complete set of features: alert system, checklists, supporting documentation management, and dedicated workflows. All these interactions are tracked, not only ensuring precise reporting but also building a robust evidence file, particularly valuable in case of Anti-corruption Agency audits.

Fast ROI and Measurable Audit Control Results

Eye2Scan's ROI impact materializes within the first weeks of internal control automation:

• Immediate potential financial gains through fraud prevention and error detection, as detailed in our previous article on ROI and KPIs
• Accelerated compliance framework implementation through immediate coverage of anti-corruption, SOX, and other regulatory requirements
• Enhanced operational efficiency by significantly reducing audit hours spent on manual control testing and data analysis
• Improved control environment with real-time monitoring instead of point-in-time assessments

This rapid achievement of measurable control results allows new audit directors to quickly demonstrate the added value of their function and justify their technology investment to senior management.

Control Automation: A Strategic Investment for Modern Audit Leadership

In conclusion, for a new audit and internal control director, Eye2Scan's automated control platform represents much more than a simple analysis tool. It's a digital transformation enabler and onboarding success accelerator that allows you to:

• Take control of your entire audit universe in just a few weeks with continuous monitoring
• Gain independence from IT departments and complex ERP systems
• Unite the three lines of defense around a common vision of risk management
• Quickly demonstrate tangible control improvements and ROI to senior management

In today's business environment, where effective risk management and fraud prevention are increasingly critical to organizational success, Eye2Scan stands as an essential technology partner for successful audit leadership onboarding and transforming control challenges into value creation opportunities. Contact us today to schedule a demonstration of how Eye2Scan can accelerate your onboarding success as an audit and internal control leader.