Process Intelligence for Audit & Compliance

Minit brings an amazing difference to the quality and efficiency of internal audit services.

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Data-driven Process Audit & Compliance

Minit process intelligence technology enables automatic, unbiased, and fact-based operational audit and compliance checking. Directly analyze the processes with all their variations and ensure the internal controls are working.

  • Process Discovery

    Avoid time-consuming and resource-heavy process mapping that depends on inaccurate and biased subjective views from interviews.

  • Process Compliance

    Assess compliance, test key controls such as segregation of duties, compare actual practices against the practices called for in law or policy.

  • Performance analysis

    Examine the effectiveness or efficiency. Analyze performance of individuals or entire departments. Identify the outcomes achieved.

  • Financial Analysis of Process

    Track money flow within processes. Analyze and verify compliance in procurement, accounts payable or accounts receivable processes.

Brochure: Actionable Insights for Your Business

Maximize the value you create

Gain a fuller, more integrated overview of the process that transcends system boundaries. Gain insight into context, patterns, exceptions, and relationships. Start a discussion with all parties involved.

Operational Audit

Audit processes by mapping the actual operation of processes and compare this to the expected operation of processes or other assumptions. Assess compliance, outcome reliability, lead times, flexibility and effectiveness.

IT Audit

Test the general IT controls, such as testing authorizations: operating effectiveness versus design, undesirable combinations of roles and permissions and breaches of segregations of duties.

Cause Analysis

Implement automated process auditing focused on root-cause analysis, including business anomalies and trigger events.

Example: Financial Statement Audit

Assess minimum level of Internal Controls using high-level process mining of key processes. Assess design of Internal Controls using detailed filter techniques and Test IT Controls; effectiveness and efficiency using Minit's detailed filter and visualization techniques.

Risk Assessment

Gain immediate insight into your risk assessment. Review Key processes by comparing them to designed processes, and see where deviations occur.

Scoping

Use Minit to gain insight into various key processes throughout a company, business unit per business unit, division by division, and to scope in higher risk areas into your audits.

Test the design of company’s control framework

Each financial statement audit requires a minimum assessment of the design of the control framework. Minit enables you to test the design of key processes.

Testing controls

Each key process includes a number of specific controls designed to mitigate risk. Minit's filters help you to perform a detailed test of controls using 100% of the underlying transactions/events.

Segregation of duties

Each framework is designed in a matter to ensure proper segregation in duties while processing transactions and carrying out activities. Use filters and stats to drill down into the process and uncover breaches.

Next generation process audit & compliance technology

Real processes are reconstructed starting from the data to support fact-based process improvements.

  • Discover a process model without prior knowledge about it

  • Identify and immediately eliminate process waste

  • Uncover risk, fraud and control issues

  • Make sure compliance of both legal & internal company rules is achieved

  • Understand the socialization patterns and how people interact

  • System (ERP, SCM, CRM, BPMS) agnostic. No lock-in

  • Maximize the usage of data analytics tools such as ACL: instead of a sample, all events in a business process are evaluated

  • Clearly see the bottlenecks, the variants, and the efficient practices

  • Analyse a bypass and see who is involved and what the value of those cases is

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