View
168
Download
0
Category
Preview:
DESCRIPTION
This presentation shows a real life example of a large volume, continuous monitoring systems. The presentation shows how continuous monitoring can be used in a number of different ways, such as fraud prevention, performance improvement, reputation protection. It also provides 5 keys to a successful continuous monitoring project.
Citation preview
Mario Bojilov, M Eng Sc (UQ), F Fin
Meta Business Systems
www.mbsys.com.au
“Automation is not technical in
character” – P. Drucker
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.auAll rights reserved
Take a step back from technology
and new horizons appear
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.auAll rights reserved
What‟s the real purpose? How a tool changed
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.auAll rights reserved
Technical Details Overview
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
RDBMS
ProductionSystem
ConversionModule
ReportsReports
Data sub-sets
Compare
Data
Optical Disk
Technical Details Overview
RDBMS-based
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Technical Details Overview
RDBMS-based - 2-3 million transactions a week,
with daily peak loads of 1.2 million transactions
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Technical Details Overview
RDBMS-based - 2-3 million transactions a week,
with daily peak loads of 1.2 million transactions
Single point of contact – data conversion
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Technical Details Overview
RDBMS-based - 2-3 million transactions a week,
with daily peak loads of 1.2 million transactions
Single point of contact – data conversion
Reporting – Crystal, Oracle Reports, customised
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Technical Details Overview
RDBMS-based - 2-3 million transactions a week,
with daily peak loads of 1.2 million transactions
Single point of contact – data conversion
Reporting – Crystal, Oracle Reports, customised
User-friendly
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Versatility in Use Data warehouse – analyse the data with ACL,
Statistica, Mathematica, neural networks, etc.
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Versatility in Use Data warehouse – analyse the data with ACL,
Statistica, Mathematica, neural networks, etc.
Management reports – be a „hero‟
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Versatility in Use Data warehouse – analyse the data with ACL,
Statistica, Mathematica, neural networks, etc.
Management reports – be a „hero‟
Use it for marketing purposes – customer
segmentation, promotions, etc.
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Versatility in Use (cont.) Archiving mechanism
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Versatility in Use (cont.) Archiving mechanism
Data conversion tool
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Versatility in Use (cont.) Archiving mechanism
Data conversion tool
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Old System
New System
CAATCompare
Compare
Versatility in Use (cont.) Archiving mechanism
Data conversion tool
Change management
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Versatility in Use - SummaryInitial Objective End result
• Computerised auditing system • Computerised auditing system
• Business Improvement Tool
• Data Conversion Checks
• Change Management Mechanism
• Archiving Mechanism
• Vendor Management
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
CAATs are not auditing tools
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
CAATs are not auditing tools CAATs are business, as well as auditing tools
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection/loss prevention
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection/loss prevention
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Financial Services
•Barings Bank bankruptcy -
1995 (£ 827 million)
•NAB forex scandal - 2004 (A$
360 million)
•Société Générale - 2008 (€
4.9 billion)
Different personalities and
culture
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection/loss prevention
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Financial Services NEM participants
•Barings Bank bankruptcy -
1995 (£ 827 million)
•NAB forex scandal - 2004 (A$
360 million)
•Société Générale - 2008 (€
4.9 billion)
Different personalities and
culture
Relatively new market
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection/loss prevention
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
Financial Services NEM participants Carbon Trading
•Barings Bank bankruptcy -
1995 (£ 827 million)
•NAB forex scandal - 2004 (A$
360 million)
•Société Générale - 2008 (€
4.9 billion)
Different personalities and
culture
Relatively new market Coming in 2010
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection
PR
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection
PR
Banks
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection
PR
Banks
Gaming
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection
PR
Banks
Gaming
Tabloid journalism
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection
PR
Banks
Gaming
Tabloid journalism
Works on exceptions
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection
PR
Banks
Gaming
Tabloid journalism
Works on exceptions
Therese Rein
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection
PR
Banks
Gaming
Tabloid journalism
Works on exceptions
Therese Rein – 0.016%
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
CAATs are not auditing tools CAATs are business, as well as auditing tools
Fraud prevention
Business protection
PR
Performance improvement
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
How to get the system you need? WIIFM
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
How to get the system you need? WIIFM – be „multi-lingual‟
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.au All rights reserved
5 Keys to a Successful Project1. Technology on its own is not enough, you need people and
processes to get you where you want to be
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.auAll rights reserved
5 Keys to a Successful Project1. Technology on its own is not enough, you need people and
processes to get you where you want to be
2. Technology is just a tool. How and what you use it for makes all
the difference
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.auAll rights reserved
5 Keys to a Successful Project1. Technology on its own is not enough, you need people and
processes to get you where you want to be
2. Technology is just a tool. How and what you use it for makes all
the difference
3. Don‟t try to plan everything
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.auAll rights reserved
5 Keys to a Successful Project1. Technology on its own is not enough, you need people and
processes to get you where you want to be
2. Technology is just a tool. How and what you use it for makes all
the difference
3. Don‟t try to plan everything
4. Technology rarely fails on its own, people usually make it do so
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.auAll rights reserved
5 Keys to a Successful Project1. Technology on its own is not enough, you need people and
processes to get you where you want to be
2. Technology is just a tool. How and what you use it for makes all
the difference
3. Don‟t try to plan everything
4. Technology rarely fails on its own, people usually make it do so
5. Identify and/or create your allies
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.auAll rights reserved
Copyright © 2007-2008 - Meta Business Systems - www.mbsys.com.auAll rights reserved
mbojilov@mbsys.com.au
Recommended