|
All IT systems are prone to risks; and, without suitable measures to counter them, the risks of fraud, error or abuse will inevitably become a costly reality. Hence all businesses need to have in place appropriate policies, rules and procedures that ensure a firm control on all IT based systems. Worldwide, it is estimated that the average estimated revenue leakage is 3-12% in telecommunication companies alone, and even more in financial institutions. It is now widely recognised that the financial savings to an organisation are likely to be many times the cost of investing in revenue and other IT assurance services.
As part of its range of IT assurance related services Phillips Consulting offers Revenue Assurance Consulting Services that will enable you to take informed decisions to reduce your exposure to the risks of fraud, error or abuse. In addition, they will help resolve data access and data analysis challenges using audit command language (ACL). Our Revenue Assurance Consulting Services include:
Revenue Assurance Audits
Ultimately, profit is the principal measure of the success of a business. And in today’s fiercely competitive environment, businesses have to strive to grow and to increase their revenue base in order to secure a steady profit stream. Our revenue assurance audits provide an independent assurance of controls and integrity of information processed by automated systems so that you can take any steps necessary to be confident that your business is realising full income for the goods and services that it provides to customers.
We accomplish this by identifying income leakages resulting from the processing intricacies or inadequate controls in these systems. For example, what controls are in place to ensure that all goods and services are billed? And not just billed, but charged at the correct prices and paid for? We probe further to identify the sources of revenue leakages and their root causes and we recommend corrective measures and other safeguards that, when implemented, should ensure that the income due to the organization is fully realized in future. After implementation, we conduct a review to give you the confidence that your revenue potential is being maximized.
Using automated data analysis tools, our revenue assurance audits are undertaken by our specialist consultants who are among the most seasoned professionals in the field of audit and process automation.
ACL Software Sales and Process Automation
This service involves assisting clients with the acquisition and implementation of ACL CAAT software. It involves developing scripts that facilitate auditing, investigation, reconciliation and reporting processes. Specifically, this service comprises: - Acquisition of ACL software for your organization
- Helping ACL users to understand data relationships within the organisation’s heterogeneous databases
- Defining clearly stated audit and reconciliation objectives which will be translated into ACL scripts
- Building automated scripts to streamline audit and reconciliation reviews and reduce the time it takes to accomplish audit and reconciliation tasks by more than 50%.
Training in the use of ACL
Our ACL Software training intervention equips potential ACL users with the skill to carry out data analysis. The training emphasises how to build and perform comprehensive data analysis as well as write ACL scripts (programs) to automate audit and reconciliation routines.
To see a list of our public training courses, please click on the 'TECHNOLOGY TRAINING' link ( under 'TRAINING' ) above . In addition, we design and deliver bespoke training courses to meet a client’s specific requirements.
Phillips Consulting has a proven track record of having executed many revenue assurance projects for blue-chip companies in Nigeria.
Don’t wait until you have revenue assurance concerns: by then it could be too late. Be proactive and be rest assured. Call us to discuss our services with you in more detail and we will be pleased to provide specific proposals tailored to your needs and circumstances.
|
CONSULTING SERVICES 
