What is INTERNAL CONTROL SYSTEM?
The MR.KNOW solution supports companies with multiple locations in optimizing their internal risk management. As an internal control system, the ICS offers the advantage of complying with legal requirements in a timely manner. At the same time, this assistant automates the control mechanisms, seamlessly monitors internal processes and fully documents all business processes.
The included management dashboard is INTERNAL CONTROL SYSTEM web-based. Among other things, it provides a clear and transparent overview of risk reports, controls and process and escalation indicators. It also provides up-to-date information and illustrates the optimization potential in your company that requires improvement.
Your advantages when using INTERNAL CONTROL SYSTEM:
- International as well as SOX and EU directives can be implemented securely
- Serves as an extension for GwG obligations in accordance with §2
- Simplifies implementation in accordance with the current Money Laundering Act and its requirements
- All business processes are subjected to a risk analysis with subsequent optimization
- Enables prevention in accordance with the Money Laundering Act (KYC)
- Processes are modeled according to the BPMN 2.0 standard
- Existing process model tools are replaced
- The control and escalation mechanisms are automated
- Operational risks can be integrated
- All security measures are automated
- Automatic reporting is sent to the central office that investigates financial transactions
- All controls and risk analyses are carried out via the web platform
- Analysis including risk assessment with regard to money laundering or terrorist financing
- With smart decision matrix for optimizing demand planning, improving supplier quality, identifying non-free capital and more
- Integrated P&L dashboard and P&L planning including simple import and export to or from Excel
- Relevant operations and processes can be accessed directly from the figures entered
- Comprehensive simulations such as Monte Carlo simulation and analytics extensions are possible at any time
- The integrated Schufa interface is used to query key figures for customers, suppliers and location assessments
- Information can be called up immediately
- All business processes are fully documented
- Complete monitoring of service level agreements
- The transparency register can be connected
- The COBIT, COSO and CICA procedures are used for consulting purposes
- Versatile interface adapters
- Facilitates the process planning of necessary training courses
- NO-CODE-BPM and standard BPMN 2.0
INTERNAL CONTROL SYSTEM is for companies with numerous locations and possibly IT systems for holistic risk management through to the ICS.
Numerous well-known companies including Lufthansa AirPlus, Sixt, Metro/MIAG etc.
