Avantis IFC: Ensure adequate controls for accuracy of financial data
is a online platform that provide a comprehensive solution which helps you in monitoring the controls across all locations and across all your business processes in a systematic manner. It facilitates creation and sharing of Risk and Control matrix (RCMs) – across entities, locations and processes. A distinctive feature of the solution is that it can even auto generate Test Plans in line with the required compliance statute.
The solution provides a comprehensive dashboard for Heads of businesses and Controllers, highlighting the status of Control testing and Failed Controls/Remediation Status. It also facilitates a “Drill Down” utility such that even the lowest level of details can be accessed in real time.