Business Risk and Insights Platform
Converting data into insights for business risk and controls management
A PwC India Product
Business Risk and Insights Platform is a continuous control monitoring tool that enables automated and near real-time identification of red flags/ controls exceptions through analysis of business data. It provides a single-window view of the risk and controls landscape, integrates with multiple data systems to analyse data and identify red flags, and provides functionality to assign accountability for remediating risks and track progress.
Challenges
Key Features
Industry-specific library of 800+ risk analytics and 100+ anti-fraud control analytics to choose from
Proactive risk management through near real time monitoring of controls
Integration of artificial intelligence (AI) and machine learning (ML), chat-bot and workflow for deeper analysis
Integrated workflow to assign accountability for reviewing red flags and tracking remediation status
Key Benefits
Automated data analytics enabling the internal audit / controls team to focus on root causing and systemic fixes to deliver value to the business
Systemic improvement and controls through remediation tracking enablement
Greater comfort to the management through 100% transactional coverage
Detection and prevention of revenue and cost leakages
Quick implementation for standard ERP environment with ability to customise where needed
Effective compliance with regulatory requirement like SOX/ IFC through automated testing of controls
Indicative Commercial Model
Costing depends upon the type of implementation model*, ETL (Extract Transform Load), AMC. Additional per analytics implementation cost.
Plug & Play/Standard
Basic Implementation starting from INR 7,50,000
Bespoke/Customised
Basic Implementation starting from INR 7,50,000 + Customisation efforts
SaaS model
One time activation charge of INR 5,00,000 + monthly subscription charge
