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Home > Solutions > Enterprise Risk and Sustainability > Financial Controls
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Financial Controls
Corporate governance policies that help them retain compliance to regulatory requirements have been the subject of much scrutiny by internal auditors, financial managers, and external auditors. Determining which of the many controls in the financial systems are key to financial reporting and attesting to regulatory compliance is an exercise that all companies; both publicly held and private, are engaged in. Transitioning from manual, detective controls to automated, preventative controls is viewed as difficult and expensive. Greenlight Technologies, Inc. has removed most of the pain and much of the cost in this transition.
Much of the effort in determining the integrity of the financial reports falls to the audit departments and finance departments. Both internal and external audit functions provide an opinion on the organization's financial statements. They assess whether the financial statements conform with generally accepted accounting principles, whether they fairly present the financial position of the organization, whether the results of operations for a given period of time are accurately represented, and whether the financial statements have been materially affected.
Given all the above responsibilities audit and finance departments must find ways to maintain quality and effectives with reduced resources. Greenlight Technologies offers systemic and well defined solutions addressing regulatory requirements, management concerns, and ongoing "pain points".
- Regulatory Compliance. Ensure compliance with an increasingly complex set of regulations. The Greenlight Technologies solutions allow you to continuously monitor critical internal controls improving the effectiveness of your control environment and minimizing the risk of inappropriate activities within your financial systems.
- Fraud Detection. Whether your concerns are for FCPA compliance or fraud in general your best option is to continuously monitor your database(s) for suspicious activities and generate timely action alerts to designated managers.
- Continuously Monitor Financial Controls. Automate and monitor controls and transaction impacting your Chart of Accounts, Ledger Preparation, Period Closing, Bad Debt, Financial Reports, and more. Move from a small sampling procedure to monitoring up to 100% of your transactions. Greenlight Technologies provides you a means to quickly establish control monitoring across multiple platforms enabling you to manage risk while running disparate systems.
Over 500 controls are available for most of the industry standard applications and you can modify and add to this list. You can even use the Greenlight Technologies tools to automate the monitoring of your control environment in your legacy systems. A smallsampling of industry solutions available through Greenlight Technologies applications illustrated in the chart:
- Greenlight Real Time Agents (RTA) for 25+ ERP, Third party and legacy applications
- Access Control and Process Control
- Supports real time and auto-batch extraction
To learn more about the Greenlight Technologies solutions, how we address risk, and/or how we can build custom solutions for your requirements please contact us. We will work with you to:
- Greenlight solutions demonstration
we can arrange to demonstrate any of our products via WebEx. Complete the attached form below and we will contact you to determine which of the Greenlight Technologies, Inc tools will satisfy your needs.
- Remote Risk Assessment
Greenlight works with your specific environment – using your data to provide an overall assessment of how your company is doing managing segregation of duties risk. Complete the form at the end of this page and we will contact you to set up a demonstration utilizing your data.
- Feasibility Assessment Study
Working together you and Greenlight Technologies, Inc. will develop a custom model to demonstrate the value of cross-platform Governance, Risk and Compliance within your context and using your data. Complete and submit the attached form.
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