Internal Financial Control


Indian regulations have been modified to reflect the developments in the Western world. Introduction of Internal Financial Controls (IFC) in the Companies Act 2013, reflect the continuation of this trend.

According to the Companies Act 2013, for this purpose, the term 'internal financial controls' means the policies and procedures adopted by the company for ensuring the orderly and efficient conduct of its business, including adherence to company's policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information.

"OUR INTERNAL FINANCIAL CONTROL SYSTEM WILL DO JUST THAT HELP YOU TO GAIN CONTROL COVERING YOUR OPERATIONS, REPORTING (FINANCIAL AND NON-FINANCIAL) AND COMPLIANCE RESPONSIBILITIES."


Control Database

Create control repository - unique repository of operational, financial/non-financial & compliance controls. Assign controls to your functions, locations, departments along with control users and managers.


Role Based Access

Assign roles to the users to view Controls based on their credentials. Access authenticated through encrypted users-id's and passwords. Provide access to your External and Internal auditors to perform controls audit.


Dashboard

View management dashboards with graphical data representation (through bar graphs and pie charts) along with data grids. Dashboards can be shared during your Board Meetings & Audit Committee Meetings. Dashboard can help you to make critical decisions quickly and mitigate risks and frauds quickly.


Reports

Create dynamic reports to be presented to relevant authorities within your organization or to your Auditors during audit review.


Alerts and Triggers

Automated email alerts will keep you and your employees on track to ensure that all Controls are adhered to.

ON THE CLOUD

If you desire, your system can be hosted on a secure Amazon server. This ensures that you dont buy a single piece of hardware