Secure, Permanent Journaling of Results

Workbench automatically records and preserves resolution activity and notes in a permanent Investigative Log. This log documents your review and remediation of controls-effectiveness and records all activity to “prove” exceptions were resolved. All exception-related actions, analyses and results are fully documented, and corrections are confirmed against the source applications. The system automatically logs transactions, and reports on exceptions by type of error, person(s) handling, and resolution method. This objective evidence of due diligence can be used to prove compliance, and directly impacts the level of reliance placed by your auditor.

Data Insight for Decision Support

Forensic analysis is iterative. The integrated Risk Profiler in Workbench can be used to create, save, refine, and reuse helpful ad hoc queries, or "profiles” that the analyst uses to sift through data, looking for interesting patterns, which can be further refined and combined with other interesting patterns, and so on, gaining elusive data insight for good decision-making. These profiles leverage:

• Knowledge about the business data (transactions and master data);
• the observations reached by CoRE using its sophisticated analytic techniques;
• and linkages between objects specified in the Oversight data model.

Besides simply returning a list of items that match the query, Workbench automatically provides a cross-tabbed summary view of data. Analysts can see exceptions related to individual indicators, or groups of indicators, and can easily toggle between individual and summary views, for maximum insight.

The Oversight state model records a single instance of each exception, eliminating redundancy and ensuring that each issue is resolved once and only once. Exceptions are described in plain language, and linked with related exceptions and source data. Workbench provides one-stop data insight and side-by-side data displays to facilitate human decision making, and enables companies to identify unusual events early, preventing bad transactions before they are completed. End state tracking enables correction validation and root cause analysis.

Workbench uniquely empowers and automates the resolution of issues identified by Oversight’s advanced analytics, providing:

• Improved Efficiency: Automation of resolution processes eliminates unnecessary steps, saving time and resources, and reducing costs.
• Process Control: Standardizing exception handling processes ensures reliability.
• Compliance Support: Workflow-generated Investigative Log provides a permanent audit trail of all activities for compliance support.
• Support of Business Growth: Customizable workflow supports the evolving needs of the business by making it easy to change and adapt processes.
• Productivity Enhancement: Automation of manual tasks reduces processing time and improves productivity.
• Quality Improvements: Oversight's workflow drives quality through every step in the transaction monitoring and exception resolution process, and tracks final exception resolution for root-cause analysis.