Process Mining Use Case Webinars

Process Mining for Auditing and Compliance

Agenda

  • Introduction (5 min)
    • Challenges for Internal Audit & Risk Management 
  • Auditing & Compliance solution (10 min)
    • Discover – 100% coverage of transactions
    • Analyze – make accurate findings fast 
    • Mitigate Risks – find non-conformancies 
    • Engage Business Operations – publish live KPI reports for audit findings

Teemu Lehto

Vice President, Process Mining
QPR Software Plc

QPR Software Plc (Nasdaq Helsinki: QPRV1) offers software and solutions for

    • Process Mining
    • Performance Management 
    • Process Management
    • Enterprise Architecture
  • Worldwide leading Process Mining provider 
  • Founded in 1991 
  • Headquartered in Helsinki, Finland

Visualize &
analyze:

Any processes, e.g.:

  • Purchase-to-pay
  • Order-to-cash
  • Service Management
  • Production
  • Logistics
Based on data drawn directly from your IT systems (such as ERP, CRM, and BPM systems).

“Process mining uses data to tell you what’s actually happening, 100 percent coverage. Process mining gives you a holistic view of all business processes showing what is going right or wrong. Using QPR ProcessAnalyzer we also get a comprehensive understanding of root causes and how to take corrective actions for improving operations.“

2-Stewart Wallace, Director of Risk Analytics at EY UK

Easily
uncover:

  • Bottlenecks
  • Process deviations
  • Compliance violations 
  • Root causes of problems

”You build something that’s a complete x-ray of the processes, and you can bring those facts to the table without debates.”

-Siem Jaspers, Supply Chain Analyst at Terumo Europe

Customer
needs:

  • Increasing pressure from regulators to use analytics for testing controls
  • Understand the efficiencies of their processes
  • How to get the complete picture of an end-to-end process from a large amount of data and events without oversimplification? 
  • Overall goals:
    • Precise internal control 
    • A reactive approach to errors
    • Identifying weaknesses 
    • Adapting to changes in the risk management landscape

Solution

  • Discover the as-is process and gain an understanding of the event flow through the lifecycle of a transaction
  • Combine process discovery with conformance analysis for benchmarking and process improvement

Benefits

  • Improved efficiency and quality of auditing and risk quantifying
  • Obtaining an efficient view of internal processes, assessing the quality of KPIs, and prioritizing actions based on risks

2. Analyze fast and document audit findings with fact-based KPI reports

With QPR ProcessAnalyzer:

  1. Make accurate findings
  2. Make findings fast 
  3. Target audit by any dimension using Company Codes, Transaction Types, Purchase/Sales organizations, …
  4. Use most recent data

3. Mitigate risk

With QPR ProcessAnalyzer:

  1. Identify non-conforming cases automatically 
  2. Analyze reasons and root causes for non-conformance
  3. Estimate risks using fact-based data 
  4. Suggest corrective actions and validate the improvements

4. Engage Business Operations

With QPR ProcessAnalyzer:

  1. Publish live process KPI reports for audit findings 
  2. Help Business People to improve operations
  3. Use machine learning-based predictions to prevent problems for open cases

See more & sign up:

https://www.qpr.com/company/events

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Get a quick overview so you can spend your time improving your processes.

You can easily define and set up processes according to your own needs using a convenient layout tool. In addition, since all types of workflow processes can be managed, you get all case management in one single system. 

Analyses, statistics and reports give you an unbeatable overview with real-time status and division of responsibility. Nothing has to fall through the cracks anymore and you always have an accurate and up-to-date base for decision-making.

CANEA Process is a tool that allows you to model and share business processes in an easy-to-use graphical web interface.

Seeing is understanding

Visualisation gives all employees an understanding of the organisation’s processes, activities, responsibilities and information flows.

Living processes

Identifying working methods while making it easy to update is the basis for continuous improvement of processes.

Create a complete picture

Linking together documents, information and tools with clickable process maps create an intuitive and comprehensive management system.

CANEA Workflow is an IT solution that automates, quality-assures and speeds up administrative workflow processes.

You can easily define and set up processes according to your own needs using a convenient layout tool. In addition, since all types of workflow processes can be managed, you get all case management in one single system. 

Analyses, statistics and reports give you an unbeatable overview with real-time status and division of responsibility. Nothing has to fall through the cracks anymore and you always have an accurate and up-to-date base for decision-making.

By creating executable processes in CANEA Workflow, you get both better control of the situation and smoother processing.

Streamlining the work

Ensure compliance and that handovers are done correctly and with the right information.

Correct decision support

You get an unbeatable overview of the processes in real time, with both clear reports and clear diagrams.

Improve processes continuously

Our process support can be constantly adapted to changing needs and requirements. In this way, we give you the best possible conditions for your daily work.

A document management system without complicated folder structures.

CANEA Document combines simple and intuitive search features with powerful features for managing documents from a life cycle perspective.

Maximum availability
Search and find information quickly based on what you need, not where it is stored.

High security
Ensure accuracy, changes and access to all information – with high traceability.

Fulfils requirements
Manage information according to standards, legislation and other requirements for document management.

CANEA Document supports everything from production, publication and modification to archiving and deletion – with full traceability and version management.

CANEA Document provides secure management of all types of documents – in one place. Tagging the information with metadata creates a virtual, multidimensional folder structure. This means that a document appears in multiple locations at the same time, with authorisation-controlled access. The right information in the right place for the right users at the right time!

You can usefully add your company’s process-oriented management system to CANEA Document. All production and distribution of documents is quality-assured and streamlined. In addition, your employees always have access to the most up-to-date version of the documents – directly via intranet, tablets and mobile phones.

Improve the performance of your project activities

CANEA Project is a comprehensive project tool with integrated support for all types of projects and parties– such as management, resource owners, clients, project managers and project participants. CANEA Project gives you an excellent overview of your entire project portfolio, including profitability and status, making it easier to prioritize and make decisions.

CANEA Project shares all important project information with both internal and external members.

Let your project manager focus on management rather than administration and distribution of the information.

Gather all project information in one place and make it available to both internal and external members.

Helps you with prioritization of projects, resource management and analysis of portfolios and programs.

Make reality of the strategy

CANEA Strategy makes it possible for organisations of all sizes to create a unique common thread from the strategic work to the daily operations. We do not just provide performance management tools but rather a completely new generation of IT support for strategy activation. The system guarantees and provides support throughout the chain from strategy to execution. You get no results without action. CANEA Strategy makes it possible in practise! 

CANEA Strategy ensures and provides support throughout the entire journey from strategy to execution.

Create a shared understanding of the strategy, the goal to achieve and how.

Gives management an unbeatable overview of what’s happening, how it’s progressing, and why.

Creates a clear common thread from the strategy to project, initiatives and actions.