How Datricks helps IT

Solution description

Datricks allows IT teams to save valuable time and resources in supporting finance SOX and compliance projects. Datricks easily extracts all the relevant financial data from financial systems of record, automatically mapping and analyzing it. The solution then creates a friendly alert and insight dashboard for financial teams to discover and mitigate risks rapidly and efficiently, in a self-service approach. By integrating the intelligence of AI with the power of process mining, Datricks decreases time and costs of IT resources while enabling rapid delivery to audit and financial teams.

Pain points

Traditionally, when financial compliance projects are conducted, IT teams are tasked with identifying key financial processes and IT systems in order to establish controls, extract sample data, and ensure all procedures support the accurate and complete reporting of financial data. This task is usually performed on top of the IT’s ongoing projects and tasks. Furthermore, this process usually involves bringing in external advisors that also have their own needs and requirements from IT, resulting in a lengthy and frustrating project.

Datricks connects to any financial system of record, on-prem or on the cloud, automatically with username and password. The algorithm then crawls through the systems, builds the data model, finds the relevant information and extracts it into our engine where all the data is mapped and analyzed and then presented in a super friendly dashboard with AI-based automatic insights and alerts.

Business value

Fast time to value:
Datricks unveils, identifies, evaluates and prioritizes risks quickly and seamlessly, minimizing IT efforts in integration and data extraction

Automate tasks:
Process Mining based, data-driven process that leads to fast, more accurate, and more efficient result which eliminates cycles of data extraction and reports

Self service:
Audit and compliance teams can implement and analyze controls themselves

Supported environments

Service support