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The EagleEye 365 platform serves the unique needs of key stakeholders both within and outside the enterprise, coordinating the efforts of users across the organization’s three key lines of defense and external auditors.

EagleEye 365’s capabilities are grouped below according to the Three Lines of Defense model, which enhances clarity and communications on risk management and control by clarifying essential roles and duties.

1st line of defense

Management reporting, Process controls, Analytics

EagleEye 365 Capabilities benefiting these roles: CFO, Controller, VP Finance, CTO, CISO, CIO, Business process owners

Automation of Process & I.T. Controls
Automation of Control Testing
Automation of Process Performance Metrics (KPIs)
Control Design / Optimization / Rationalization
Control Self-Assessment
Continuous Monitoring of process and I.T. controls, analytics, & metrics in real time
Incident Response, Issue Management
Data Visualization
Data Integration, Data Virtualization, Data Transparency

2nd line of defense

Risk Management, Compliance, Financial Reporting

EagleEye 365 Capabilities benefiting these roles: Chief Risk Officer, Chief Compliance Officer

ERM: Automated linking of risks, processes, controls, & tests
Third Party Risk Management
Monitoring of I.T. Security and Cyber threats
Fraud Prevention, Real-Time Detection
Compliance Reporting with all major frameworks
Risk Management, KRIs
Continuous Monitoring of financial reporting controls & risks in real time
SOX and Financial Reporting
SEC Reporting and Regulatory Attestation (proving your compliance more efficiently)

3rd line of defense

Internal Audit, Risk Management, for more effective internal controls and corporate governance

EagleEye 365 Capabilities benefiting these roles: Director of internal audit, I.T. security auditors

Continuous Auditing, Testing of 100% of transactions in real time
Continuous Monitoring of Controls & Risks
Internal Audit — Risk-based audit planning (based on previous control test results)
Automated execution of audit program (better aligned to real risks)
Elimination of redundant audit procedures, controls, and tests

EagleEye 365 External auditors

External auditors can be given access in order to:
- perform interim and continuous audit testing with less assistance from the client.
- centralize and track their requests for information from the client.
- place greater reliance on the client’s automated control test results (vs. reperforming those tests), due to:
  - Full traceability of EagleEye 365’s test results, preserving the data lineage of each transaction, all the way back to the source systems.
  - Testing 100% of all transactions (rather than sampling), reducing detection risk to zero.
The client will have already had the opportunity to use EagleEye 365 to:
- remediate control gaps identified during testing (making it less likely that a material weakness will have to be documented and reported)
- investigate all flagged transactions and to post adjustments to its trial balance accordingly, before it is ever provided to the external auditor.

EagleEye 365 enterprise platform: key components

Data Connection Manager

Real-time data integration connectors (for over 600 types of data sources) provide a single source of truth: a consolidated, reliable, up-to-date view of enterprise data. No need to copy or move data.
Semantic layer adapts to your terminology.
Single customer view across systems
Validates data: 1) quality (detection of anomalies), 2) authenticity
Data migration tool, Field-level data mapping
Systems integration project tool
Patch management & security monitoring for all mobile devices, regardless of operating system
A single, end-to-end solution, vs. separate tools for device security, network security, controls, automation, compliance, & reporting

Control Designer

Automates manual controls, reducing costs, saving time, and eliminating human error.
Full audit trail of the details of the control script’s logic and execution.
Full traceability of each control test result, through the preservation of its data lineage — all the way back to the source systems.
Borrow & tailor controls & metrics from:
- our library of controls
- 3rd-party frameworks
- Your ERP vendor’s embedded controls
Catches problems sooner
- 100% testing (vs. sampling)
- Controls executed at higher frequency
Validates data: 1) quality (detection of anomalies), 2) authenticity
Control design changes (and other configuration changes) take effect only after approval.
Because EagleEye 365 can read and incorporate many types of structured and unstructured data, there is no need to spend time converting it into structured data (such as a database).

Control Execution

From your list of controls, create control batches to be executed in one of the following ways:

scheduled batch (calendar day, day of week, time of day)
continuous batch (a certain number of minutes, hours, or days after the batch’s previous run)
real-time (control execution immediately upon receipt of the transaction)

Centralized repository of control tests and results, which can be relied upon by all departments as a single source of truth for decision-making, management reporting, internal audit planning, faster regulatory attestations, and external auditor reliance on control tests already performed (vs. reperforming the tests).

Incident & Issue Management

Poorly defined or manual processes (e.g., email, spreadsheets) cause delays in the identification, assessment, and correction of incidents (control exceptions). These delays can magnify the financial, regulatory, reputational, security, or performance impact of incidents that would otherwise be minor.
Even when incidents are promptly identified, they often go unreported, whether intentionally or not.
Insufficiently precise alerts flag too many potential incidents and do not prioritize them, delaying or even preventing the identification of a control weakness, its root cause, and its impact.
Once a systemic control issue is identified, there is no central place where members of different teams can document it and track its progress toward resolution.
Real-time reports of incidents (control exceptions)
Incidents are automatically prioritized and ranked, based on a calculated risk score for each.
Incident alerts can be created and configured to trigger only when a transaction meets a certain set of conditions, or only when it exceeds a predetermined threshold.
Incident response policies and procedures can be configured and automated within EagleEye 365.
Less time spent documenting and investigating false positives.
Incident impact can be quantified & prioritized, leading to fewer distractions from overly intrusive alerts.
Root cause analysis
Continuous improvement through KPIs & metrics tracked over time
Faster identification, assessment, tracking, and resolution of systemic control issues.
More efficient and reliable reporting of control weaknesses for compliance executives, internal auditors, external auditors (e.g., for SOX 302 & 404 reporting) and regulators.
Transparency (increases external auditor’s confidence), Accountability

Visualization and Dashboard Reporting

Move beyond compliance, and use your control test results for managing the business and tracking performance metrics over time — for continuous improvement.

Data Solutions

With an incredible 2.5 quintillion bytes of data being created worldwide every day, there is no shortage of data that can be leveraged for efficient analysis and decision making. It is increasingly difficult for companies to collect, store, and organize this data in a way that is accessible and usable. EagleEye 365 helps you to harness the power of your data through the following three data integration capabilities.

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