1 / 16

Closing Remarks

Closing Remarks. Derek Titterington – Asia Pacific Sales Director, TeamMate. Agenda. TeamMate: the 10-year view Data Analytics Wrap Up & Next Y ear’s Forum…. 5 Years of Increased Commitment. TeamMate joined Wolters Kluwer in November 2007 Our global staff has more than tripled

claral
Download Presentation

Closing Remarks

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Closing Remarks Derek Titterington – Asia Pacific Sales Director, TeamMate

  2. Agenda • TeamMate: the 10-year view • Data Analytics • Wrap Up & Next Year’s Forum…

  3. 5 Years of Increased Commitment TeamMate joined Wolters Kluwer in November 2007 • Our global staff has more than tripled • Our number of users has doubled In the last 12 months: • 39% increase in Support Staffing • 28% increase in Development & QA Staffing • Our development and support budget has increased 72% in the last 2 years

  4. TeamMate 5 Years with WK TeamMate was acquired by Wolters Kluwer in November 2007 2007 • 39 Staff • 1,200 Clients • 2 dedicated trainers • No content 2012 • 150 Staff • 2,200 Clients • 22 dedicated trainers • Over 10,000 audit steps, risks and controls

  5. The Next 5 Years: Growing Investments • Continuous improvement in product and service quality • The release of TeamMate CM • The release of TeamMate NextGen • Additional content • Continued commitment to Innovation • Continued global expansion (help desks, local language support) • Expansion into key adjacencies

  6. In which of the following areas would you most like to see increased investment applied? Polling Slide #1: Investment Priorities • Continued Content expansion (including Risk and Control Libraries) • Continued Development of functionality for tablets and smart phones • Continued enhancement of our end-user support infrastructure • Acceleration of a complete web-based system (Next Gen) • Adding additional features to TeamMate EWP • Adding increased reporting functionality to TeamCentral

  7. Of the following: with which function do you spend the most time? Polling Slide #2 • IT • Finance & Admin • Risk • Compliance • Legal • Audit Committee

  8. Data Mining/Analytics Survey • Survey conducted in September 2012 • Over 800 responses • Survey established a baseline and confirms • The use of data mining is top-of-mind for most audit departments • Most IA groups still in initial maturity stages

  9. Data analytics has risen to #1 tool for expected increase

  10. TeamMate Technology Maturity Model Drill-down dashboards of all key audit activity Quality assessment tool Continuous controls testing and monitoring Automated sharing of audit programs and files Intranet for audit knowledge sharing, training, and access to tools Formal technology strategy Highly skilled data team Use of technology a core competency Expanded technical training for staff Custom data mining / data analytics Standalone automated testing routines, e.g. fraud Expanded suite of data tools Automated work papers Online training programs available on demand Data retrieval used on most audits Reusable programs and checklists Fully integrated audit management system Access to external risk and control databases Risk assessment tools Initial use of CAATs Issues availability, tracking updating by management Audit scheduling tool Technology specialist(s) Continuous risk assessment Files, etc., in electronic format Initial ad hoc data mining

  11. The Baseline for Data Mining Data Analytics When asked to indicate their level of maturity in their use of data mining and analytics, using the TeamMate Maturity Model categories: • Half of respondents position themselves in the Initial stage of maturity • A third classify themselves as Adequate • Only 17 organizations (2%) say they have achieved an Optimized level of maturity

  12. TeamMate Maturity Model with Respondents Data Mining Maturity Key Insight: there appears to be significant opportunities for many internal audit organization's to gain value through maturing the level of their use of data mining

  13. Uses of Data Mining Data Analytics When asked which technology tools they expect to use to a greater extent over the next two years, survey respondents pointed to data analytics as the #1 tool they expect to increase their use of • Risk assessment tools, which had been #1 in the 2011 survey, moved to #2 • Issues tracking tools moved from #2 to #3 Key Insight: this data reflects a priority on data tools, which can lead to a focus on applying data mining to risk assessments

  14. Where would you like to have the AP 2013 User Forum? Polling Slide #3 • Bangkok • Singapore • Kuala Lumpur • Manila • Hong Kong • Bali • Phuket

  15. End of Support for TeamMate Version XX • The table below shows the actual end of help desk support dates • 8.2.2 End of Life • 9.0.x 31 December 2012 (extended from 31 August 2012) • 9.1.x 30 September 2013 • 10.0.x 31 July 2014 • 10.1.x 28 Feb 2015 • 10.2.x 31 July 2015 • In addition you should be aware that R10.3 (Q1 2013) will NOT be compatible with either IE7 or Office 2003

More Related