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Written by Stan Wakefield
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Saturday, 10 April 2010 17:38 |
| Process Automation and Metric Analysis |
Process improvement through automation is many times the core of an organization's cost saving strategy. Process automation allows reallocation of resources to other operational areas, reduction of resource requirements, improved process execution consistency, and reduced total time to execute. |
Many operational processes in organizations today are sub-optimal. This is due in part to a lack of visibility into process execution and measurement metrics, little or no process automation, and poor process ownership and governance practices. |
Automated Data Acquisition and Management (ADAM) allows companies to answer questions relating to process management such as: |
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- Are my processes documented and standardized?
- Are my processes being executed as defined?
- Are my key processes running efficiently?
- How can I correlate data and report process metrics from all of the various process management packages I use?
- How can I increase the efficiency of collecting and analyzing key performance indicators?
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Active Compliance's ADAM extends the capabilities of traditional process management applications to efficiently collect and analyze process metrics thereby providing capabilities to: |
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- Collect process metric information from processes owners via electronic surveys.
- Collect, correlate, and analyze key performance indicators from almost any process management software solution.
- Provide a rich warehouse of data for flexible mining and timely reporting.
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| Compliance Control Testing and Monitoring |
Typically, the most expensive and time consuming efforts associated with any compliance program are those related to compliance testing and evidence gathering. The never ending cycle of "test and document" places a heavy burden on resources typically dedicated to other non-compliance related initiatives. |
Many organizations today pass spreadsheets and documents around via email to provide control testing instructions and collect the necessary evidence showing control operating effectiveness. This quickly leads to inconsistent data collection due to version control issues, numerous control re-tests, lengthy data collection cycles, and long analysis and reporting cycles. |
Automated Data Acquisition and Management (ADAM) allows companies to efficiently answer questions relating to compliance management such as: |
- Am I compliant with laws and regulations governing my business?
- How can I reduce the time it takes to collect control operating evidence?
- How can I increase testing consistency?
- How can I reduce the time to produce meaningful compliance reports?
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Active Compliance's ADAM dramatically reduces the costs of managing compliance programs by extending the capabilities of traditional compliance management applications to: |
- Proactively perform compliance testing end evidence collection using a "test once - report many" model.
- Automate the testing workflow to streamline manual actives and increase testing consistency.
- Perform fully automated "hands-free" testing and evidence collection where practical.
- Provide a rich warehouse of compliance data for mining and reporting.
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