PROCOMP 262

Simplify internal control activities over administrative and accounting processes. Solution based on COSO framework.
262 PROCOMP, vertical application based on the COSO Framework
PROCOMP 262 dashboard and features

Based on the COSO Framework, PROCOMP 262 streamlines internal control activities over the executive reporting process into six steps:

  • Entity Level Control
  • Identification of the Business Units involved in the Scoping phase
  • Process design
  • TOD evaluation
  • TOE evaluation
  • Analysis and constant monitoring of residual risk.

The 6 phases of PROCOMP 262 control activities

  1. Entity Level Control: definition and updating of each entity, such as budget ratios, procedures and activities.
  2. Identification of the Business Units involved in the Scoping phase.
  3. Drawing of the processes to identify all the processes at risk, the controls applied to them and thus build, automatically, the RCA matrix.
  4. TOD evaluation, through easily customizable web forms and customizable approval workflows.
  5. TOE evaluation with automatic references to the evaluations entered in the previous phases.
  6. Analysis and constant monitoring of residual risk thanks to reports updated in real time.

Benefits

Timing optimisation

It optimizes time to collect information from tests.

Reducing errors

It reduces the risk of errors thanks to the multi-level approval workflow.

Improved visibility and control

It provides immediate visualisation of all controlled processes and improves control over risk activities.

Available on mobile

It improves communication with top management thanks to reports that can be consulted within the application via mobile devices.

Costs reduction

It increases control over the processes and reduces costs.

Applications

Policy Management & Communications

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Employees and Third Parties Engagement

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Assessment & Monitoring

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Integrated Risk Management

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Internal Audit

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Due Diligence & Adverse Media

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Verticals

ERM and ESG risks

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262 and SOX

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IT Risk

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Privacy & GDPR

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Inside information

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Whistleblowing & Case Management

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