Improving Compliance with Automated Audit Reporting

Overview_

Euvic partnered with a financial services firm to enhance compliance reporting by automating audit processes. The new solution ensured timely and accurate reporting while reducing the manual effort required.

Client_

A financial services organization operating in a highly regulated industry.

Industry

Financial Services

Country

Poland

Challenge_

The client faced significant compliance challenges:

Manual audit processes: Reliance on spreadsheets slowed compliance reporting.

Error-prone workflows: High risk of inaccuracies in critical reports.

Regulatory pressure: Tight deadlines and stringent standards increased stress on teams.

Solution_

Euvic delivered:

Automated audit pipelines: Built dataflows to extract, validate, and compile compliance data.

Real-time dashboards: Provided PowerBI solutions for on-demand audit insights.

Data accuracy tools: Implemented validation rules to eliminate errors.

Result_

Key improvements included:

Timely compliance: Reduced report preparation time by 50%.

Error reduction: Achieved 99% accuracy in compliance reporting.

Reduced workload: Automation saved 30 hours per month for the audit team.

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