Finance

Why the Finance Division Needs Digiprove

 The finance department are concerned with many critical functions in the business, not only do they have operational roles in supporting the business they also have legal and compliance requirements. Finance is probably the most scrutinised function in the business both internally and externally. In many organisations, finance are the keepers of the “trust” in the business. Finance has to ensure there are adequate and effective controls on the costs, revenues and cash within a business. Finance has statutory reporting requirements. The authenticity, integrity and trust for stakeholders are paramount when financial data and reports are presented.

The finances of a business are the life blood but can often be the most exposed to risk and fraud or misinterpretation. Financial records and systems are now underpinned by IT applications which can be as simple as excel spread sheets or full ERP systems. Day to day decisions made by members of the organisation are regularly made by reference to financial data, as are decisions by investors, bankers, buyers, customers and partners so trust in the integrity of the data presented is critical. Digital content is easy to manipulate and change so it’s essential that critical digital content within the financial processes is beyond reproach and can be taken as presented as trustworthy either for day to day decisions.

Finance is also driven by time sensitive information which can impact costs, revenues and share price so again critical documents and information must be secured as authentic at the time of creation and use, whether it is time cards, stock records, expense reports, invoices, cash flow etc.

Digiproves Auto-protect complements the systems and documents used to manage the company’s financial health by bringing trust and the ability to confirm the authenticity and integrity of financial records.