Cost Control During Economic Uncertainty: Leveraging Audit Innovation
Held on 8 June 2023, the webinar titled “Cost Control During Economic Uncertainty: Leveraging Audit Innovation," conducted by Rangarajan Gangadharan, Regional Sales Director at Diligent, attracted over 160 attendees from Singapore and the region.
In the current era of economic uncertainty and heightened stakeholder expectations, the need to control costs and prevent fraud, waste, and abuse in a complex business environment has become more crucial than ever. The webinar focused on the role of audit innovation in addressing these challenges, with a particular emphasis on leveraging data analytics and process automation technology within the Accounts Payable department. Attendees were enlightened about the potential benefits of adopting automated approaches that utilise data analytics. By utilising these techniques, irregularities such as unauthorised spending, revenue leakage, and wasteful practices can be more efficiently identified. This not only enhances operational efficiency but also equips decision-makers with valuable insights for informed decision-making. Ranga engaged participants through interactive polling questions, encouraging active participation and knowledge sharing among attendees.
By embracing data analytics and process automation, organisations can streamline their operations, mitigate risks, and make well-informed decisions.
