SECOMM – Controls & Accountability across all levels
Delivery of authentic data and conversion of such data into MIS through competent analysis is often the bane of enterprises. Throw in unidentiﬁed risks, poor controls and myriad compliances – both external and internal – into the equation, and you have a daunting canvas.
SARCO is your best partner to mitigate these worries!
CONTROL AT YOUR FINGERTIPS
SARCO’s Excellence in Controls, Organizing, Monitoring and Management (SECOMM) is the ultimate financial control, risk management, MIS and HR package available in India.
What it means is that you get independent internal audits as well as special purpose audits, MIS at your fingertips, SOX reviews to ascertain and mitigate risks, forensic audits to ascertain financial irregularities and fraud, customized dashboards to deliver prompt and reliable information and HR consulting.
Our Internal Audit process follows the Planning, Fieldwork, Follow-Up and Reporting model with a five step procedure of gaining an understanding of the existing processes, identifying and evaluating controls over the risks, testing effectiveness of controls identified, identifying process gaps and discussing them with management and co-developing action plans to improve control effectiveness.
What’s more, we are among the few to offer Continuous Based Auditing (Transactional Reviews), that is we audit all transactions and provide feedback on a monthly basis (normal reporting is half yearly or yearly), resulting in better control.
The Sarbanes-Oxley Act (SOX) is used to protect shareholders and general public from accounting errors and fraudulent practices in enterprises, and to improve the accuracy of corporate disclosures. All public companies now must comply with SOX, both on the financial side and on the IT side.
Our SOX Compliance follows a five step process:
- Locate, map & prioritize sensitive data
- Identify vulnerabilities & gaps
- Review & validate use rights
- Monitor, audit & secure usage access
- Review periodically and certify
Scope of our MIS systems include planning, procurement, quality, sales and marketing, HR, cost and budgeting, inventory, finance, design and manufacturing. The nucleus is our software and enterprise resource planning expertise which clearly gives us an unfair business advantage.
As the business grows, you cannot avoid frauds both internal and external. Our FA process starts with identifying what fraud, if any, is being carried out determine the time period during which the fraud has occurred, discover how the fraud was concealed, identify the perpetrators of the fraud, quantify the loss suffered due to the fraud, gather relevant evidence that is admissible in the court and finally suggest measures that can prevent such frauds in the company in future.
Our dashboards allow managers to define Key performance indicators to monitor the contribution of the various departments in the organization. Our dashboards allow managers to capture and report specific data points from each department within the organization, thus providing a “snapshot” of performance.
Integrated with Android Smart Phones, our HR services provide end to end solutions across all levels including recruiting, head hunting, talent management, smart goal setting and tools to improve organizational discipline.