Controls Advisory Services

Controls Advisory and Implementation Services

Modern internal controls must adapt to the changing landscape of business. With the emergence of new technologies and innovative working practices, organizations require a more holistic approach to compliance and risk management. MARKEF offers advisory and implementation services that leverage a risk-based approach to assist companies in updating their controls, meeting evolving standards, and achieving improved business results.

Controls Advisory and Implementation Services

Modern internal controls must adapt to the changing landscape of business. With the emergence of new technologies and innovative working practices, organizations require a more holistic approach to compliance and risk management. MARKEF offers advisory and implementation services that leverage a risk-based approach to assist companies in updating their controls, meeting evolving standards, and achieving improved business results.

The Growing Complexity of Internal Controls

Is your organization struggling with financial controls that seem disconnected from other areas of your business? Are you feeling overburdened by internal controls that are becoming more complex? As businesses embrace digital technology, it’s important to develop a controls framework that supports compliance without hindering day-to-day operations.

However, modernizing internal controls can be challenging due to factors such as organizational silos, limited budgets, outdated operating models, lack of technical expertise, and an overwhelming amount of enterprise data. To overcome these obstacles, financial leaders can consider leveraging innovative technologies like robotic process automation (RPA), artificial intelligence (AI), and data analytics to revamp their approach to controls and compliance.

By embracing these game-changing technologies, organizations can keep up with regulatory changes, cultural shifts, and business growth while safeguarding their value and gaining new insights. So if you feel that your internal controls are holding you back, take action today and explore the possibilities of modern technology.

Our team can help you address a variety of Internal Control needs, including:

If you’re looking to address any segment of your controls environment, we can help your organization achieve its goals and better prepare for its future.

 

  • Controls modernization
  • Digital program management
  • Digital testing and controls automation
  • Business and system transformation assessments with Assurance by Design

MARKEF’s Controls Advisory and Implementation Services

MARKEF offers customized solutions to help organizations improve their internal controls regardless of their current position on the controls spectrum. Our team works with you to design and implement controls that meet the needs of your stakeholders, both now and in the future.

Our controls advisory platform is designed to shift your compliance approach from hindsight to foresight. We prioritize strong top-down governance while managing compliance costs. By modernizing and automating your internal controls, we help you gain a deeper understanding of your business, identify weaknesses, spot trends, and drive behavior change.

Leveraging cutting-edge technologies such as robotics, AI, and advanced data analytics, our digital tools provide faster and more impactful results with a strong return on investment. Our flexible and scalable tools can address your controls needs, whether it be wholesale changes or specific pain points. Partner with MARKEF to take advantage of these emerging technologies and achieve meaningful business outcomes.

Controls modernization focuses on helping organizations transform their internal controls programs using three levers :

  • Operating model optimization
  • Program enhancements and process redesign
  • Technology and automation

We focus on lowering the total cost of controls through the following :

  • Technology enablement : Put controls on the offensive, replacing control frailties with a smarter, faster, and more efficient end-to-end controls environment.
  • Deficiency remediation and targeted risk mitigation : Redesign business processes and implement internal controls to remediate known deficiencies.

This also includes mitigating procedures and analytics to limit the exploitation of risks.

  • Internal control governance and compliance: We can aid in advising on design, implementation, and operation of financial and IT controls. This also includes facilitating control programs on behalf of management.
  • Internal control program optimization: Refresh and redesign internal controls to better and more efficiently address risks.
  • Testing execution: Leverage alternate delivery models to effectively execute testing or performance of controls on behalf of the first or second line of defense to confirm that controls are operating effectively.