A New Era for Purchasing Cards Compliance as CaseWare Analytics Launches New Version of Monitoring Solution

TORONTO, April 9, 2015 /CNW/ -- CaseWare Analytics, a leading data analytics and transaction monitoring provider, today announced the latest release of their Purchasing Cards (P-Card) Monitoring Solution. The solution is designed to help organizations automate compliance and expand P-Card usage through reduced exposure to card misuse and improved policies.

The solution provides automated analysis and resolution of over 35 risks inherent to P-Card processes. Through data visualization dashboards and automated case management, finance departments are able to see and rectify non-compliant activities across numerous data sources such as expense management, HR, ERP and other financial systems.

This latest release is a response to P-Card industry trends and concerns, regarding both increased usage and internal abuse of corporate cards. The RPMG Purchasing Card Benchmark Survey illustrates the current decade will continue to see a year over year 11% increase in card spending, while the Association of Certified Fraud Examiners reports lack of management review and employee overrides as top reasons for internal control breaches. CaseWare's P-Card Monitoring solution is designed to help companies move from spreadsheet sampling to monitoring 100% of transaction data; this can aid with management reviews and unearth hidden activities. "The real value of using [CaseWare Analytics] is that it allows you to see fraud schemes that would be impossible to detect manually," said Phillip Hurd, CISSP, CISA, Chief Audit Executive, Georgia Technical Institute.

CaseWare is currently offering interested prospects a test drive of the new release including risk analysis results from 90 to 180 days of data. The test drive is a complimentary chance to understand how CaseWare Analytics will help an organization gain insights and maintain compliance.

The components of the new release include:

  • Automated analytics to address 35+ key risks
  • Integrated Case Management to aid with rectification of non-compliance
  • Dashboards that provide visibility into P-Card activities such as risks, root causes and spend patterns across employees, departments and merchants
  • Best-practice guides for controls and administration of P-Card programs
  • Software deployment that is compliant with internal IT policies

To learn more about CaseWare Analytics P-Card Monitoring test drive, click here.

About CaseWare Analytics

CaseWare Analytics is an industry leader in providing continuous controls monitoring solutions that allow finance professionals and auditors to monitor any or multiple automated systems such as purchasing cards, accounts payables and e-payables transactions.

With over 400,000 users worldwide, CaseWare technologies are built upon the foundation of best practices in assessing risk and controls, hereby enabling audit and finance professionals to use real data insights to create remarkable ROI & business improvement opportunities. For more information, please visit www.casewareanalytics.com or call 1-800-265-4332 ext. 2800

Media Contact:

Meaghan Turpin
Communications Manager,
CaseWare Analytics
meaghan.turpin@caseware.com

SOURCE CaseWare Analytics

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