EventsNewsProcess Digitization

Loose financial controls led to grant embezzlement

By September 16, 2014No Comments

needsThis past summer, the University of Louisville learned the hard way what can happen with financial process controls are lax or MIA: six employees were accused with taking school money or grant funds when an audit uncovered evidence of embezzlement.
In our experience, companies that have the right business process optimization can improve their financial controls, streamline their business partner transactions, improve data accuracy, and reduce process cycle time and costs. Digitizing business processes makes oversight easier.