Payroll is a constant across all businesses and is often one of the primary expenditures in an organization. Variables such as complex and changing tax regulations, time tracking, incentive-based pay, changes in salaries, and the high volume and frequency of transactions make the payroll process a very attractive site for error, fraud and theft.
The CaseWare™ Monitor Payroll solution defines and automates tests for payroll process controls. The solution is compatible with any source of data, including ERP and bespoke applications. By continuously monitoring these systems and applying a comprehensive resolution workflow, the audit and compliance process becomes independent and auditable.
A key feature of the CaseWare Monitor Payroll solution is the ability to detect erroneous, suspicious and fraudulent activities before payments are made. This provides you with a valuable window of time to investigate exceptions to help prevent losses due to error or fraud. Fraud mitigation tasks are then assigned to the relevant stakeholders within a single portal, ensuring that issues are addressed immediately.
Fewer Segregation of Duties (SoD) violations
Immediately identify all potential SoD violations. Prevent unauthorized changes to employee and bank details, as well as to payroll codes.
Identify and resolve erroneous payments
Bring your cost recovery savings in-house by identifying duplicate and erroneous payments as they occur, thereby improving recovery rates and lessening reliance on post-recovery audits.