Lavastorm Analytics and Ernst & Young Show How to Balance Risk and Reward with Analytics-Enabled Audit
Lavastorm Analytics, a global business performance analytics company, will host a live webinar with Ernst & Young, a global leader in assurance, tax, transaction and advisory services, to discuss how the latest technology and methods in analytics-enabled auditing can drive greater business efficiency. The webinar will take place Thursday, November 8th at 1 p.m. Australian Eastern Daylight Time (AEDT).
Mike Willett, a Director in Ernst & Young Advisory's Enterprise Intelligence team, and Phil Ball, Sales Director for Australia at Lavastorm Analytics, will lead the webinar, “Analytics-Enabled Audit – From Compliance to Business Performance Improvement.” Willett and Ball will discuss how leading organizations are leveraging analytics technology to handle traditional audit tasks more effectively and deliver new value to the business through process improvement. During the webinar, attendees will hear several real-world examples where audit groups have improved the performance of procurement and payroll functions through proactive, continuous audits and agile, process analytics.
Attendees will leave with a firm grasp on:
- Identifying and quantifying business risk through the use of continuous, pro-active audits
- Applying value-added audits for maximum benefit in business departments
- Using business analytics to model and improve complex business processes
- Ways that audit organizations can become strategic advisors to the business
“Making business processes faster, better, and cheaper can certainly generate greater profitability, but doing so also comes with risks like reduced headcount or eliminated process steps,” said Ball. “The key is maintaining the right balance of risk and reward, which requires proactively monitoring the effectiveness of business controls, and measuring business performance in near real-time. This is something analytics-enabled auditing can provide, becoming the automated eyes and ears of the organization for continuous assessment and detection of problems before they affect profitability.”
Find your time zone:
- Wednesday, November 7th at 6 p.m. PST
- Wednesday, November 7th at 9 p.m. EST
- Thursday, November 8th at 9 a.m. Singapore (SGT)
For further information on Lavastorm and its award-winning business performance analytics solutions, including the Lavastorm Analytics Platform and the Lavastorm Desktop Professional products, visit www.lavastorm.com.
Tags: Audit Analytics, Auditing, Analytics Technology, Lavastorm Analytics, Agile Analytics, Ernst & Young, Next-Gen Analytics, Business Improvement, Business Risks
About Lavastorm Analytics
Lavastorm Analytics is a global analytics software company that enables enterprises and individuals with a new, agile way to analyze, optimize, and control the performance of their data and processes. The company's products offer a unique blend of data discovery and audit analytics capabilities that are used by more than 50 telecommunications, financial services, utilities, healthcare, and media companies on six continents. Lavastorm's solutions have identified process improvements worth billions of dollars through rapid unification and simplified exploration of fragmented, inaccessible data sets. For more information, please visit: www.lavastorm.com.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 167,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. For more information, please visit www.ey.com.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Ernst & Young LLP is a member firm of Ernst & Young Global Limited serving clients in the U.S.
Nate Hubbell, 617-960-9857