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Most
organizations today have been audited and subjected over long periods of
time to ongoing audit exceptions and internal control additions in order
to correct or “band-aid” perceived deficiencies. At no time in
the recent past have companies faced such an extensive review, design
and revamping of its system of internal controls. The Sarbanes / Oxley
Act of 2002 has created an atmosphere in which accountants and auditors
alike create new internal control mechanisms, or repair old ones, that
are critical to ensuring an adequate system of controls exist to ensure
the integrity of the financial systems and associated reporting
mechanisms. Nowhere; however, does management generally have anyone
evaluating whether more control mechanisms exist and are in operation
than are necessary for an adequate system of controls to exist. Most
organizations have not really focused on their systems of internal
control in the past and, as a result, they lack experts who can identify
and eliminate duplicate controls or those to which there are more
controls present than necessary. Elimination of these unnecessary
controls can result in significantly reduced costs by virtue of:
·
Elimination of
unnecessary labor and resources used to perform or execute related
job functions
·
Reductions in office
supplies and or systems supplies
·
Reengineering of
processes that create efficiencies within the organization
and result from control rationalization work
·
Elimination of computer
hardware or software associated with these unnecessary controls
GTS Network Inc.
(GTS) professionals are experts at identifying controls, evaluating
their need, eliminating those that are unnecessary and documenting and
associated savings. We provide the following services which generally
almost always pay for themselves through reduced costs:
1)
Identification of duplicate or unnecessary internal controls
throughout the organization
2)
Documentation of perceived cost savings associated with their
elimination
3)
Assistance in redesigning processes to engineer out controls and
eliminate unnecessary resources
4)
Preparation of control rationalization reports and ongoing
progress status reports
5)
Control rationalization project management services
Why use GTS
Quite simply, GTS
can bring the necessary experience and knowledge to bear
quickly and cost efficiently so that you, our customer, can begin to
realize economics immediately. We believe so strongly in our process
and abilities that we will consider accepting a portion of any fees we earn through a
percentage of the efficiencies and cost reductions that you realize.
Not a bad offer from a company that
wants to provide ongoing solution to your financial services needs!
Global
Technology Solutions, LLC. (Your One-Stop SOX Consultants) |
