Solution helps controllers, finance and accounting teams identify and manage risk in near-real time with machine learning
Deloitte recently launched an SAP-certified accelerator focused on cognitive controllership, powered by SAP Leonardo and offering a path to the SAP Intelligent Enterprise: Deloitte Reimagine Risk Sensing. Developed by combining Deloitte’s Accounting Information Science and risk sensing capabilities with SAP Leonardo technologies, Deloitte Reimagine Risk Sensing is designed to reduce controllership risk and improve efficiencies with cognitive computing, machine learning and robotic process automation technologies. Deloitte Reimagine Risk Sensing for controllers will be available initially in the U.S., scaling globally in 2019.
Deloitte and SAP co-innovated the Reimagine Risk Sensing solution to help controllers, auditors, accountants and finance teams mitigate risk and align with compliance requirements by providing near real-time insights on potential financial abnormalities and on manual and automated journal entry errors. The same risk sensors within the Deloitte Reimagine Risk Sensing solution that support controllership functions can be extended into other critical business functions across an enterprise including supply chain and human resources management.
Darwin Deano, principal and SAP chief technology officer, Deloitte Consulting LLP, said, “We worked with SAP to build the Reimagine Risk Sensing solution leveraging SAP Cloud Platform and SAP Leonardo capabilities, including machine learning, while adding robotic process automation to enable finance and accounting professionals to identify and act on risks as they arise, while also making compliance data integrity screening more agile, scalable and applicable to finance and across the enterprise.”
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