As most who are reading this will know, if the challenge your business is facing involves data in any shape, format, volume or location, the chances that Fraxses can solve it are more than good. The platform’s versatility has always been a key differentiator, however, Fraxses also holds vast potential for application in very specific contexts.
One sector in which we have long believed Fraxses could deliver exceptional results is audit. The platform has the potential to disrupt the entire audit profession, paving the way for a data-driven future where audits require less manual work, are less onerous, and become far more efficient and accurate. We at Intenda have always been convinced of this, and with several major audit engagements in progress, we have real-world evidence to prove it.
Engagements currently in progress include audits of major parastatals and national auditing authorities. While Fraxses is being used as the backbone for all these audits, each engagement leverages the platform to tackle distinct challenges, and is a story in itself. The first of these, just published on our website, examines the ongoing audit of a major public utility, now in its fourth year.
Our blog unpacks how Fraxses uses data virtualisation, automation and reusability to enable full-population audits, shorten timeframes year on year, and deliver significant cost savings. Building on this foundation, the use of Common Data Models, which are central to our Data Intelligence solution, is further advancing Fraxses’ capabilities as an audit tool. To find out more about how Fraxses is setting a new standard for technology-driven audit, visit our blog.
