Welcome to a multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc. Over the course of this series, we will be visiting with Parth Chanda, Founder.
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This week on the Compliance Podcast Network, I am running a multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc. As a part of this series, I had the opportunity to visit with Kara Bonitatibus, Head of Product. We took a deep dive into a variety of uses for data analytics in a compliance regime.
We began with a discussion of the pre-approval process and third-party due diligence monitoring tools. Bonitatibus initially noted that often times the business folks see the compliance function as the department of holding things up. She believes you should start with such questions as “how do you build a system that is easy to use, intuitive gets users in and out of the system and gets them the answers they need as quickly as possible?” By starting with such questions, you can begin to think through bringing all of your business pre-approvals together in one platform. This means busine
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This week on the Compliance Podcast Network, I am running a multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc. As a part of this series, I had the opportunity to visit with Andy Miller, Chief Analytics at Lextegrity. We took a deep dive into risk monitoring through data analytics.
We began with a discussion about is what a continuous monitoring solution. Miller said that it “provides compliance and audit teams with a comprehensive way to keep a pulse on transactional spend and revenue risk in their enterprise.”. The key to the analytics is they are so configurable and contextual to your specific risks or your lines of business or the historical issues that your organization may have had so that the risk algorithm is actually tailored to your business and your exposure and not, um, some static configuration.” It should connect to a wide variety of EPR systems such as SAP, Or