Data Analytics Implementation & Support
It is hardly arguable, that we live in the age of exponential growth. Besides many other things, the growth of the data volume generated by human is rocketed and thereby the business value potential hidden in this data is also continuously growing. We provide data analytics implementation and continuous support for your organisation to handle complex datasets, either to analyze existing red flags in your organisation’s practices as well as perform predictive analyses to mitigate fraud risks in a proactive manner.
Accounting Analytics (Journal Entry Testing)
Organisations need user friendly business insights quicker than ever to have control of unique business perspectives presented by their accounting data. However, it is not always easy for them to arrive at desired results before struggling with issues related to data quality and size as well as business complexities, before they can utilize these insights from their accounting data.
Our accounting analytics solutions offer tailor-made dashboards providing insights to irregularities in your accounting data. We apply scenarios created by a risk-based approach and process your organisation’s accounting data through our journal entry testing workflows to show you the red-flags for potential fraudulent activities.
Advanced Data Analytics
Combining our analytical expertise and forensic rigor, we provide advanced data analytics solutions to provide user friendly dashboards where you can have full control of your organisation’s data. We apply process-based scenarios to show you the red-flags for potential fraudulent activities related to the following processes:
- Information Technology
- Human Resources
We assess your organisation’s inherent risks, control effectiveness as well as residual risks remaining after management control actions.
Fraud & Investigative Analytics
New tools, methodologies and creative solutions: Can you use technology effectively to combat fraud and economic crime?
With more than 95% of business records now created and stored electronically, the forensic capture and analysis of electronic data has become a fundamental part of investigations and dispute resolution. Our forensic technology specialists are trained in the acquisition and analysis of electronic data. Using our globally developed proprietary tools and dedicated forensic laboratories worldwide, we offer a highly professional approach to electronic data retrieval. Our global team is experienced in handling and processing vast amounts of data typically stored by large corporations, while our forensic tools have been used in numerous corporate reviews requiring electronic disclosure and advanced financial data analytics.
The proactive PwC analytics solutions can discover suspicious behavior among transactions before fraud can actually happen.
If you suspect fraud inside your company but do not know where to start or you are buying a company and want to see what is inside, PwC Forensic Data Analytics will discover the full scope of the problem. Early, quick, and thorough checks as offered by the PwC proactive solutions significantly reduces the loss caused by the fraud discovered.
- Data gathering: Any transaction, standard or fraudulent, is recorded in corporate IT systems. We help you identify, gather and create datasets of any size.
- Analytic applications: We cleanse and crunch your data, and then run scenarios specific to your needs to create valuable insights for your organization.
- Visualization: Because tables and matrices only show part of the story when it comes to understand the importance of numbers, we create meaningful and interactive visuals from the data in order to help your decision making process.
- Detection of anomalies: Our applications lets you identify high risk and red flag transactions or operations.
Data Visualization & Reporting
Data has transformed the world we live in. More and more companies are using data analytics to excel in the market place.
With data visualization, we can assist you with create dynamic dashboards and reports by working on your data via popular data visualization tools on the market to guide you how to use these tools in analyzing the data effectively.