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Fastpath Gives a Dollar Value to Segregation of Duty Risk

Announcing the Release of Fastpath Assure’s Risk Quantification Module

 

Des Moines, IA April 24, 2018 - Fastpath, a leader in audit, security, and compliance software, announced the release of their Risk Quantification module, which allows companies to recognize the financial exposure inherent in Segregation of Duties (SoD) conflicts.

 

Dice-risk-cost-sqExtending the capabilities of their audit software suite, Fastpath Assure, the new module analyzes financial transactions and audit trail data to calculate the potential impact of risks in business applications. This new functionality further helps executives and audit teams better understand active conflicts and the risk they present.

 

“We are always looking for ways to help companies identify and mitigate risk,” said Fastpath CEO Andy Snook, “the Risk Quantification module achieves this by associating real dollars to SoD conflicts which allows our customers to prioritize and focus control efforts.”

 

Both private and publicly held companies have the potential for fraud and error. The cost to mitigate those risks can be significant. Risk Quantification helps prioritize audit efforts, letting users more efficiently and accurately secure their business systems.

 

If you are attending SuiteWorld 2018 in Las Vegas, stop by booth 209 to see this new functionality.

 

About Fastpath

 

Fastpath’s Assure cloud platform allows companies to standardize audit and risk management processes across business applications and organizations. This consistency provides best practice in audit, a framework for future audits, and a departure from traditional manual audit processes.

With over 1,000 customers in over 30 countries, Fastpath supports small to enterprise sized organizations and their risk management efforts. Fastpath has also formed global partnerships with several major audit firms.

 

Fastpath was founded in 2004, and has deep expertise in audit, security, and compliance, with multiple Certified Internal Auditors on the team. Fastpath's client base spans across multiple industries within both publicly traded and privately-held companies. Learn more at www.gofastpath.com