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Using Microsoft Power BI as the foundation for Process Mining makes sense for any organization that uses the digital workplace Microsoft 365. Especially because a dedicated community has formed around Power BI, which provides visuals for every conceivable purpose. These visuals allow auditors to get to know their data in a unique way, tailored exactly to audit needs and questions.

In order to remain competitive in the digital age, financial service providers are forced to make their processes leaner and more efficient. Today, the speed and efficiency of workflows determine success and failure. Process Mining can help financial companies to optimize or automate internal processes in order to continue to achieve high ROIs.

The information hidden in existing data in enterprise systems can serve as audit evidence when performing control testing or other audit procedures. Process Mining supports auditors, especially in internal control testing, by finding and visualizing this information.

Process Mining and Task Mining are useful because both identify opportunities for optimization – but how do you decide which one might be most useful? In this article, we will explain the difference between Task Mining and Process Mining, and why they are most beneficial when employed together.

In any company auditing is important because it ensures that the company's processes, requirements, policies or financial records are correct and meet the required standards. We show you how to do full population testing quickly and cost-effectively with the help of Process Mining.