Ensure compliance with a solution designed for your organization
Many organizations struggle to effectively implement compliance controls due to the complexity of requirements and ever-changing regulations. A powerful compliance solution from Rand Group provides features that make audits easier by helping you monitor critical events, track changes to key financial configurations, delegate authority systematically, and allow for risk mitigation and trust in the financial system.
Simplify compliance, reduce risk, and become audit ready
Organizations are subjected to multiple types of requirements and managing compliance and risk has grown increasingly complex. Organizations can no longer rely on spreadsheets or basic collaboration software to succeed. However, implementing an effective compliance solution can be challenging. A compliance solution from Rand Group can help you overcome key challenges such as ongoing changes to regulatory requirements, increased regulatory inquiries, and a rapidly evolving business technology landscape.
With our holistic solutions tailored to your company, you can ensure your organization is always compliant. Easily implement controls most important to your organization like account reconciliations, approval authority, and segregation of duties so you can ensure the reliability of your accounting, better prepare for audits, and mitigate risk. Rand Group is your partner to help you implement a powerful solution designed to handle increasingly complex regulatory compliance challenges as your company grows. Additionally, automation allows for greater efficiency, reduces risk, and enhances your ability to track data changes for enhanced financial integrity.
Easily assign roles and permissions
Protect your company’s assets and mitigate risk by provisioning users with the least amount of access they need to do their job. Automatic matching control features allow you to track the various roles and users by their assigned security levels and find the best matching security role for a user’s needs.
Create custom workflows for financial accuracy
Create custom workflows so you can minimize or even eliminate labor-intensive and error-prone back-end reviews. You can automate approvals for every transaction, build your delegation of authority into the system, and keep a reliable audit trail including a time date stamp of the approval.
Perform quicker and detailed audits
A powerful compliance solution includes audit support to minimize time spent on audits with all relevant data in simple, easy-to-understand views that contain current and historical data of events across all legal entities. Automatic alerts let you know if someone has made a change to a sensitive field, allowing you to immediately investigate for potential anomalies.
Capabilities of an effective compliance solution
A powerful compliance solution delivered by Rand Group not only helps protect your organization but also gives you a competitive advantage, enabling you to make business decisions confidently, assured they are aligned with your strategic objectives and risk tolerance.
A compliance solution from Rand Group:
- Helps you efficiently complete risk assessments
- Ensures you comply with standards and regulations most relevant to your organization
- Protects your assets with role-based security access
- Boosts trust and accuracy in financial statements
- Automates transaction approval processes
Leverage internal controls to ensure SOX Compliance
Whether you are a public company or just taking your first steps toward going public, you need to ensure compliance with the Sarbanes-Oxley Act of 2002 (SOX). Rand Group can help your organization meet SOX obligations by extending and deepening your ERP’s native compliance functionalities so you can confidently anticipate and address changes in security, segregation of duties, and configuration while automating your control processes. Our solutions will provide a superior compliance foundation to meet your organization’s control requirements so you can certify the accuracy of your financial statements.
Segregation of duties – with a robust permissive access model, you can demonstrate to auditors that each user only has access to what they need to do their job. Audit trails display who can access what data, and who could access it in the past.
Change management – seamlessly track and manage all customizations and configuration changes in your financial system and continuously audit for SOX compliance. Unlock a consolidated view of all changes happening in your environment, with the ability to filter down to see a detailed view of specific changes.
Security – internal controls have the added benefit of helping organizations keep sensitive data safe from insider threats, cyber-attacks, and security threats. Ensure financial data is secure, prevent malicious tampering of financial data, track data breach attempts and remediation efforts, and keep event logs readily available for auditors to demonstrate SOX compliance.
Discover other business solutions offered by Rand Group
Rand Group offers numerous solutions designed to meet your specific needs and support your compliance operations. Our industry experience combined with years of working with various business technologies positions us to deliver solutions that not only solve immediate business challenges but also provide stability and scalability.
Fraud Prevention
Protect your revenue and customers with a powerful fraud prevention strategy. With continuous learning capabilities and controls to safeguard against malpractice or theft, you can have peace of mind that processes are in place to help prevent wrongdoing.
Business Central
Dynamics 365 Business Central is a business management solution that helps companies connect their financials, sales, service, and operations to streamline business processes, improve customer interactions and make better decisions.
Dynamics 365 Finance
Dynamics 365 Finance is a financial management solution with in-depth that empowers you to quickly adapt to changing regulatory requirements, ensure compliance with local tax regulations, and mitigate operational risk.
NetSuite ERP
NetSuite’s ERP software includes everything your business needs – from financial management to inventory, supply chain, and warehouse management. With powerful compliance management capabilities, you can anticipate and proactively manage risk on an ongoing basis.
Related Insights
Using data analytics for fraud prevention
With the continuous advancements of technology, it has become critical that organizations utilize technology to maintain a competitive edge for managing risks and understand the usage of analytics tools to support fraud detection and prevention efforts.
How much does 1 hour of downtime cost the average business?
Infrastructure matters. When your network or applications unexpectedly fail or crash, it can have a direct and far reaching impact on your bottom line and ongoing business operations. In some extreme cases, data and monetary losses from unplanned outages can even cause a company to go out of business.
Are your software applications in need of a health check?
Rand Group can perform a full evaluation of your current system and processes and will provide insight into how you measure up. This consultative service is beneficial when determining if you are getting the most out of your software.
Let’s talk about how we can transform your business
