Risk-based auditing - Finterface

From time-based to risk-based auditing

Annual field audits are outdated. Forward-thinking lenders are rethinking the approach.

Learn more

From time-based to
risk-based auditing

Annual field audits are outdated. Forward-thinking lenders are rethinking the approach.

Learn more

What is risk-based auditing?

It’s auditing driven by a risk score. This score groups key risk indicators (KRIs) on assets into risk drivers based on both general and sub ledger data.

Breaching thresholds trigger alerts, signalling the need for a field audit. Based on the risk score, the scope and frequency of such audits can be much more accurately determined and aligned with company-specific metrics.

Why choose risk-based over time-based auditing?

You can organize audits to happen when they're needed most. This gives lenders better control in critical situations. Auditors can spot early warning signs, resulting in a higher recovery rate at defaults.

How does Finterface help?

Finterface ABL data platform calculates risk scores, sets KRIs, and provides general ledger-based ratio analysis. Lenders can grant auditors platform access for specific customers, enabling risk based or continuous monitoring and triggering field audits only when certain alerts arise.

How does Finterface help?

Finterface ABL data platform calculates risk scores, sets KRIs, and provides general ledger-based ratio analysis.

Lenders can grant auditors platform access for specific customers, enabling risk based or continuous monitoring and triggering field audits only when certain alerts arise.

Let’s talk about how this would work for you

Let’s talk about how this would work for you

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