The Challenge
You are constantly confronted with the possible risks of double invoices, wrong VAT coding, incomplete master data, non-compliant hiring procedures and many more value reducing and time consuming risks. Tackling these next to trying to efficiently and effectively executing the daily activities needed to keep your business running little time is left for innovation and new ideas.
What if you could structure your data in such a way that an effective method of risk identification can be created? What if you could mitigate risks every day by using your own data to search for patterns, identify your weaknesses and build-up your efficiency? The data needed to solve these issues, and many others, is already available within your company. Furthermore, this data will allow your company to enter a cycle of continuous improvement.
The Solution
Provalas' Continuous Improvement Services uses the already available company data to embed smart controls aimed at identifying risks before they induce serious damage to your organization. The identification of where these risk starts in the process allows for targeted process improvement. By allowing the smart controls to run daily, weekly and monthly continuous process improvement and improved compliance can be achieved.