Today, banks and financial institutions are growing at a very rapid pace, and safe guarding the business from potential risks is the need of the hour. Audit promotes transparency and accuracy in the system through proper oversight of the affairs of the organization, compliance tracking, and transparent reporting to the top management. Audit and compliance adds to the value and credibility of an organization, increases user confidence, reduces risks, and consequently reduces the cost of capital for any organization. Centillion helps organizations in assessing the operating effectiveness of internal controls such as authorization of transactions, account reconciliations, segregation of duties including General Controls, avoidance of conflict of interest, and so on. Centillion also works with the client organization to identify and implement solutions to mitigate risks.
Further, Centillion has pioneered the efficient adoption of centralized operations, resulting in the effective use of skilled resources, elimination of non-value-added activities, and automation and standardization of processes and procedures, resulting in a reduced cost and increased and improved delivery. We help clients achieve good governance by capturing critical data about current processes and operations and translating that information into valuable insights that can be used for performance management, risk assessment, operations support, process enhancements, and business analytics.