Process intelligence company Celonis announced the launch of a new solution in partnership with Deloitte. The Celonis SOX and Internal Controls Manager by Deloitte is an application designed to provide end-to-end process visibility to help finance, controlling, internal audit and procurement customers manage risk and compliance.
The solution is built to adhere to the Sarbanes-Oxley Act, or SOX, which aims to ensure the integrity of organizations’ financial reports. Celonis is working to provide an optimal control environment for the sample testing required to support financial disclosures. It allows companies to automate manual controls by integrating disparate transactional data and enabling early violation detection and continuous data monitoring in real time.
“Having been an auditee myself, I’ve seen firsthand how traditional risk management tools often miss the operational context and the timeliness that really matters,” Diederick Badon Ghijben, customer transformation advisor at Celonis, said in a statement. “By infusing process intelligence into the audit workflow, we help organizations to turn compliance from a reactive hurdle into a proactive engine for operational excellence.”
