Pallas Athena Announces Partnership with Coney

Nov. 1, 2010 - PRLog -- Coney, an established advisory firm with respect to Continuous  Auditing and Continuous Control Monitoring and reseller of ACL audit software solutions in the Benelux, will in Q4 2010 expand their offering and add Pallas Athena’s unique Process Mining software solution into their service offering. Pallas Athena is a global business process management and software solutions vendor.

Process Mining is Pallas Athena’s software solution for business process discovery and assessment. The partnership will integrate Pallas Athena’s Process Mining solution into Coney’s advisory area of assurance, compliance and risk management. The partnership will empower ACL users by visualizing an exact process, combined with easy access to underlying transactions. It is very important for auditors as well as business owners, and financial management to be able to analyze and have a complete overview of business processes.

The Process Mining technique automatically takes all the data from the event logs and easily displays a process, exactly how it was executed. “We are very excited about the Partnership with Coney. Our Process Mining software solution and ACL’s Continuous Control Monitoring Solution complement each other and provide an auditor and business process owners with a complete picture,” says John Hoogland, CEO and CO-Founder, Pallas Athena. “Process Mining provides true facts about process flows without going through interviews or walk-throughs.”

Crucial insight is provided by showcasing the true operation of the process and the internal control setup, based on transactional data. From this point on, auditors and business process owners can work together in initiating enhancements in the process set-up and the internal control framework. The Process Mining solution can be used to revisit revised processes and internal control enhancements.

“We strongly believe that the software solution from Pallas Athena is making our service proposition, as outlined in Coney’s methodology document Vista Point, complete. We consider Process Mining as an integral part of our service proposition of “In Control services”, says Pieter de Kok, Partner, Coney.
   
Notes from the Editor
ACL’s AX 2.0 Continuous Control Monitoring Platform is a solution to analyze the transactions aligned to a redefined process, risk and control framework. Combining true process flow insights with data-analytics techniques, is an unique combination from a risk and control monitoring perspective.

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About Pallas Athena
Pallas Athena is a leading international supplier of innovative BPM software and process solutions. Serving nearly 2,000 satisfied customers and over 1 million users found in more than 30 countries around the world. Pallas Athena has offices in Australia, Belgium, Curacao, Germany, Netherlands, the UK and the U.S. To find out more, please visit: www.pallas-athena.com