Data management

Our national Data Management Group (DMG) uses a variety of sophisticated data analysis tools and techniques to provide our clients with valuable information about how their processes can be improved.

We have successfully applied data analytics to help our clients:

• Identify fraud risks or a breakdown in internal controls, for example, collusion between vendors and employees, duplicate payments, breaches in delegated authority or unusual transactions.
• Prioritise their internal audit resources.
• Recover GST overpayments, leverage vendor spend, benchmark performance internally and externally, and optimise business processes.
• Identify revenue leakage.

Data Management and PwC

The PwC Data Analytics Workbench comprises a collection of tools for analysing complex datasets. Our Data Analytics Workbench is flexible in design and can be modified to suit your circumstances or particular concerns.

Suspicious Transactions Analysis (STA): helps profile business transactions, in particularly high risk business functions such as payroll, accounts payable and expenses, for indicators of fraud.

Process and Controls Optimiser: searches through data to identify anomalous transactions which require further investigation across core financial processes, including accounts payable, payroll, accounts receivable and manual journal processes.

Continuous Control Monitoring (CCM): a repeatable process which supports continuous control or fraud monitoring initiatives.

Spend Analysis: assists our clients to quickly evaluate expenditure patterns in their procurement process, and helps prepare the foundation for further procurement optimisation projects.

Procurement Optimisation: facilitates the identification of spend inefficiencies and possible of savings opportunities.

Revenue Assurance: helps our clients to identify revenue leakages within their business processes.

SureTax: leverages specialist tax knowledge to reduce the risk of compliance errors in relation to indirect taxes.