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Group Accounting Anomaly Detection (SaaS)

valantic Digital Finance GmbH

Group Accounting Anomaly Detection (SaaS)

valantic Digital Finance GmbH

PlanDescription
Group Accounting Anomaly Detection (SaaS)This application is available in [english, german]

Situation:

  • When a company expands into new markets or develops new product groups, the structure of the company grows with it as a complex holding structure. 
  • Often groups of companies have hundreds of subsidiaries.

  • Challenges:

  • High manual effort caused by controlling and monitorring numerous entities.
  • Lack of compliance.
  • Prioritization of the issues on which a holding should focus its attention.  

  • Mission:

    Mission is to automate, improve and enhance the quality gates of the group accounting for our customers.
  • Increased transparency to ensure the compliance of internal accounting policies. 
  • Conspicuous increases or decreases of items are immediately detected and reported.
  • Overseeing every financial statement, every financial item and it’s development for each subsidiary.
  • All processing steps are scalable, automated and integrated into one single solution.

  • Offer Description:

  • We provide an end-to-end solution (SaaS) to automatically collect, analyze and detect anomalies.
  • The application is based on Azure Machine Learning and Microsoft Power BI.

  • Target Audience:

  • People involved in activities of CFO-Office, Controller, Accountants.

  • Why Verovis?

  • Verovis is a consulting company and Microsoft Gold Partner, specialized on Advanced Analytics for the Finance/Controlling/Accounting function.

  • Requirements
    • If the source system is SAP, access is needed with the permissions to the relevant tables
    • The extraction of the tables is either conducted by verovis [SAP on Azure - SAP Data Pool] (see "helpful links") solution for fast and scalable ETL processes) with sufficient access or done by the customer itself and stored to the azure blob storage
    • A SQL database for persisting results