Validate journal entry accuracy, automate manual reconciliation steps, and identify high-risk, organization-wide.
Test Drive →Validate the accuracy of all journal entries. Automate manual steps for reconciliation. Identify high-risk employees, departments, journal entries, and approvers. ThirdLine features 30+ built-in audit analytics + interactive dashboards for continuous monitoring and analysis.
GL Risk & Internal Controls
The General Ledger provides a complete representation of financial activity within your organization and therefore should reflect the most stringent level of accuracy. Any steps in your GL process that include human input, though, are vulnerable to error, compromising the integrity of your financial statement. Analytics on your GL data can catch manual entry risks, process inefficiencies, and other impediments to reconciliation.
Understand Risks with Audit Analytics
Enterprise Resource Planning systems capture massive amounts of data within your municipality in real time. Automating your ERP data (e.g. data analytics) will allow you to quickly identify and understand risks occurring in your organization and use it to make changes and adjustments for an optimized process and improved performance.
Examples of GL Analytics
1. Entry by User w/ Previously Low Activity
- Step: User Management
- Description: Flags if the count of manual journal entries entered by a clerk was 1.5x more than the previous period.
- Use Case: Validate activity and/or recommend training.
2. Manual Journal Entry
- Step: Journal Entry Input
- Description: Flags manual journal entries.
- Use Case: Prioritize audit of manual entries; consider automation opportunities.
3. Entry with No Approval History
- Step: Journal Entry Approval
- Description: Flags if an entry has no approval history.
- Use Case: Investigate entry; recommend process improvement
Get in Touch
We are ready to help integrate our monitoring platform into your state and local government ERP system.
