By Anne Widjaja
Turnkey Consulting has recently signed a strategic global partnership agreement with American company Oversight Systems.
According to the companies, their combined strength will help organisations protect the integrity of their financial transactions, by reducing risk and meeting regulatory compliances.
Turnkey will use Oversight’s Continuous Transactions Monitoring (CTM) software to improve customers’ operational transparency and financial performance. Oversight software also provides customers with targeted analytics that highlight suspect transactions and potential issues with master data. These insights allow managers to quickly take action and protect the integrity of the master data files and the transactions.
Richard Hunt, managing director of Turnkey Consulting, believes that the partnership will “be of huge benefit to our clients”.
Hunt said monitoring large transaction volumes for risk indicators will provide considerable value to customers seeking continuous monitoring solutions, while Oversight’s automated, global platform will enable Turnkey to apply best practices policies and controls to SAP data originating from anywhere within the enterprise.
The partnership also provides customers with an extra layer of protection, which ensures that critical financial transactions are correctly aligned with corporate policy and regulatory requirements. The use of Oversight’s CTM technology will enhance the Governance, Risk and Compliance (GRC) solutions currently provided to SAP clients by Turnkey.
Hunt said: “Oversight’s offering complements the SAP GRC products that are at the core of our expertise and we are looking forwards to working on deeper integration between the two products.”
Turnkey and Oversight will work together to provide all their existing customers with a comprehensive understanding of how to configure SAP GRC security solutions and address security risks.
