Banking & Finance

Case Studies

Arbutus Analytics Resources

mining

Continuous Auditing & Monitoring

ME Elecmetal Net Sales +US$ 800million. Global Supplier of Solutions for Mining Increases Productivity with Continuous Auditing and Monitoring.

Faster Response Time I Effective Team Integration I Automation of SAP Processes. Working within the authorization privileges of the SAP system, they now have direct, independent access to all SAP tables, enabling unlimited areas of analysis. When combined with the data access capabilities outside of the SAP system, the combination of Arbutus Analyzer and Smartlink+ makes possible new, impactful analysis for our audit team.
Taiwan (2)

Enhancing Internal Controls Performance with Continuous Monitoring & Automation

National Applied Research Laboratories (NARLabs) is an independent non-profit institute that focuses on most critical research areas.

At the heart of NARLabs Audit team’s agenda was the critical evaluation of the design and operational effectiveness of its internal controls. The integrity of data processing stood as a paramount concern for the National Audit Office and The Directorate General of Budget, Accounting and Statistics (DGBAS) of Executive Yuan, with a spotlight on its accuracy, completeness, security, and reliability. In parallel, the overarching goal for NARLabs headquarters was to orchestrate the centralization of administrative management operations spanning their diverse scientific research centers.
NRA

Battle Against Tax Fraud and Financial Misuse. Safeguarding Taxpayer Funds

The National Revenue Agency (NRA) is a specialized government body, subordinate to the Minister of Finance. Detect Fraud & Financial Abuse I Import in different file formats I Perform Analysis. I Export Results

Detect Fraud & Financial Abuse. Import in different file formats Perform Analysis. Export Results With Arbutus, the NRA team of professional auditors has significantly increased the number and effectiveness of conducted audits, which has helped to increase the detection of tax fraud and financial abuses. In the past year alone (2017) Arbutus was used in 624 control proceedings.
Anti-Fraud Case Study

Enhancing Anti-Fraud Measures in the Energy & Utilities Sector.

A worldwide group of Energy and Utilities companies with approximately 7,000+ employees and assets of $19B+

Our client, a major player in the energy and utilities sector, sought to fortify their internal controls against fraud and policy violations, particularly concerning corporate credit cards and vendor master data. With a vast array of transactions influenced by employee roles, locations, and international operations, manual review processes proved inadequate to address the scale and complexity of potential risks.
Retail

Ensuring Data Integrity During System Conversion

One of the largest food and drug retailers in the USA with over $25B in revenue, 2,000+stores operating in 30+ states

As the organization underwent significant growth and expansion, it faced the complex task of overhauling systems across multiple distribution centers. The critical concern was maintaining data integrity during these system conversions. Specifically, verifying inventory records and identifying any discrepancies required meticulous attention to detail.

SOX Testing case study

Enhancing SOX Compliance

Our client manages  170+ SOX-related controls, with over 80% classified as key controls.

With Arbutus, the once-daunting Oracle Security Baseline transformed. What once consumed days now unfolded in mere minutes. Datasets harmonized effortlessly, and the mundane transformed into efficiency. Testing the Oracle Security Baseline manually would take 3-5 days due to numerous datasets. However, the Arbutus script reduced this to less than 5 minutes.

brazil

AML Compliance

BANCO PAULISTA Adopts Risk-Based Approach to AML Compliance, Aligning with Central Bank Regulations

Amidst the rigorous terrain of banking regulations, Banco Paulista stands out as a paragon of compliance excellence. Charged with fulfilling the Central Bank’s exacting requirements delineated in chapters 3461 and 3380, the institution not only achieved compliance but surpassed expectations. Through seamless integration of Arbutus Analyzer into its operations, Banco Paulista not only upheld regulatory standards but also solidified its role as a reliable guardian of financial integrity.
3-1

Automated Analytics: Continuous Monitoring Saves € Million

Using Arbutus technology, our partner Sepia Solutions was able help their client to report exceptions, improve business processes and save over € 4,1 million

The Client: Important European player on the automotive market, distributing more than25.000 vehicles per year, of multiple brands. The implementation of automated exception reports yielded significant improvements and tangible results: Financial Recovery: Over the period of 2017-2020 YTD, the organization recovered €4.1 million in pre-tax amounts, including €977,000 from duplicate invoices and €3,148,000 from discount monitoring.
Maxis Case Study-1

Internal Audit Transformation

MAXIS' Internal Audit Journey to Data-Driven Assurance

Maxis is the leading converged solutions provider in Malaysia providing a variety of high quality digital services encompassing voice, data, and solutions. Arbutus Analytics played a pivotal role in the transformation journey. Prior to translating audit analyses into automation, this potent tool allowed auditors to process data obtained from audit clients and churn out the necessary results during their audit engagements. Case Study: Alpha Vantage Solutions, APAC

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