With data typically residing in multiple systems that don’t easily speak to each other, how do you get insights out of that data to deliver value to the business? Wouldn’t life be easier if you could get a single view of all financial processes in an integrated, highly visual solution?
The Financial Processes Analyser (FPA) integrates multiple business financial processes into one business intelligence (BI) solution, with full continuous controls monitoring (CCM) capability for exception identification, management and reporting within Microsoft Power BI.
Anomaly detection and correction
Trending and advance reporting
Improved business liquidityImprove transactional accuracy to drive efficiency
Evaluate operating effectiveness of controls
Identify process improvement opportunities
Better stakeholder management
Harnesses full potential of available data to provide powerful insights for faster, better decisions.
Quickly identifies irregular patterns and outliers in transactions for further investigation.
Shortens the distance from insight to action by inviting business stakeholders to explore and visualize their own data.
FPA has six modules which you can get individually or integrated into one powerful solution. Click the laptops to learn more about each module.
Microsoft Power BI front end, available on multiple devices - desktop/tablet/smartphone
Integrated financial processes and common data model enabling configuration for all source systems
Tests configurable to suit specific needs
Full continuous controls monitoring (CCM) capability with exception identification, management and status reporting
Dynamic data exploration, drill through & visualization to answer questions beyond standard tests
Smart features, eg. natural language processing for user driven Q&A
Our solutions can be delivered to you in three ways:
Perform point in time reviews using PwC’s prebuilt or tailored tools as part of the review.
Organisations who desire health checks or periodic reviews.
Analytics tools are configured and implemented in the organisation’s own IT environment as part of their internal analytics capability.
Organisations who have the desire to invest in embedding internal data analytics capability and resources as a core skillset.
Host/ Managed service
A subscription fee is paid for 24x7 access to PwC’s tools under a hosted model.
Client data sent to PwC would be refreshed at agreed intervals.
Organisations who want ongoing access to explore their data for new insights, but do not want to invest in the internal cost of ownership to run it.
The following selected citations represent engagements where we have helped clients integrates multiple business financial processes into one business intelligence (BI) solution using data analytics:
By performing analytics over the payroll data of a BPO company, PwC was able to find PhP1.3M worth of possible anomalous payments relating to 8 employees. These transactions include multiple payslips after resignation, an individual who was being paid without working for the company, and overtime payments amounting to 257% of employee’s base pay.