Continuous auditing software for auditors & controllers

oktant: Modules, features and components

oktant audit, enterprise access & oktant finance

Would you like to carry out your annual audit digitally, completely independently and conveniently – and without the usual peak of effort? Would you like to optimize your controlling and analyze real-time data reliably and all year round thanks to automated, ready-made reports that immediately show any anomalies for rapid countermeasures?

Continuous auditing with oktant makes this possible for auditors as well as controllers and internal auditors!

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Sailboat symbolizes staying on course in the sea of data
With oktant full steam ahead: Full transparency in the sea of data
Beschreibung

Digital financial statement audit, financial analysis & internal audit

Whether for auditors including their clients or for companies – the intelligent modules of the digital solution for successful annual auditing and controlling / internal auditing make continuous auditing, analyses, controls and monitoring possible for the first time on the basis of Microsoft Power BI and Power Apps.

Interfaces to all common ERP systems (SAP, Navision / Business Central, DATEV etc.) ensure uncomplicated and simple data import and create up-to-dateness.

For financial analyses & internal auditing in companies, the oktant finance module is used, with which you can overview and evaluate the topics of P&L as well as balance sheet and current postings in addition to risk analysis.

Auditors work with the oktant audit module on the continuous audit of their clients’ financial statements and provide them with all information on the balance sheet, business dynamics or earnings situation via oktant enterprise access.

Table Function overview oktant revision software
Table function overview oktant
Dr. Andreas Blum dhpg and oktant
„oktant takes auditing into a new dimension and makes it more up-to-date, meaningful and efficient. The annual financial statements are monitored continuously throughout the year so that trends, forecasts and anomalies are quickly identified. This saves time and effort.”
Prof. Dr. Andreas Blum Auditor, tax consultant and dhpg partner
Cutout sailboat symbolizes keeping course in the sea of data

oktant audit: The module for auditors and their clients

A large number of audit procedures, some of which are automated, such as the principles of proper accounting, risk analyses, detection of anomalies and forecasts, etc., are already included as standard and can be selected and planned individually for each audit engagement.

oktant audit for the external auditor

  • Set up clients, audit engagements and audit tasks
  • Setting up audit teams with different roles
  • Over 40 standardised and partly automated audit procedures
  • Interactive analyses and reports

oktant enterprise access for the client

  • Dashboards with key figures for optimal monitoring, KPIs and reports
  • Notifications about new information
  • Overview of the company development

A win-win situation for both sides in the annual audit

Accompany your client with oktant on the way to continuous digital auditing and increase its efficiency, topicality and significance.

>> More about oktant for auditors

oktant finance: Controlling software for companies

With oktant finance, companies themselves have the possibility to reliably perform financial analyses themselves, also as preparation or for the performance of internal audit and annual financial statement analysis.

The appropriate functions for audits in accounting, such as proper accounting, risk analyses, detection of anomalies and forecasts are already included as standard and can be evaluated in various analyses and reports.

oktant finance for companies

  • Set up analysis engangements and tasks
  • Composition of audit teams with different roles
  • Over 40 standardised and partly automated analyses
  • Interactive analysis and reports

A benefit for the company’s internal audit department

Set sail with oktant on the way to digital continuous internal auditing and increase its efficiency, topicality and significance.

>> More about oktant for companies

More than 40 audit procedures and analyses

Accounts receivable
  • Age structure analysis
  • Layering of open receivables and customer balances
  • Duplicate invoices
  • Conspicuous receivables
  • Multiple assignment of number / name / address
Accounts payable
  • Age structure analysis
  • Duplicate invoices
  • Multiple assignment of number / name / address / bank account
  • Conspicuous claims
Compliance
  • Real-time booking
  • Authorisation of bookings
  • Digit analysis / Benford test
  • Analysis of posting and control keys
  • Difference in posting amounts to accounts
  • Conspicuous features in depreciation or bank amounts, receivables, liabilities, etc.
Fixed asset accounting
  • Analysis of additions / disposals as well as depreciation types and transfers
  • Conspicuous amounts
  • Review of straight-line depreciation
Revenues and other
  • Manual bookings
  • Conspicuous amounts (also for inventories)
  • Analysis cancellation / credit notes
  • Personnel: conspicuous expenses
  • Value added tax: stratification of input tax, manual postings and tax accounts

More than 30 key figures and KPIs as well as versatile reports

Asset position
  • Balance sheet total
  • capitalisation ratio, inventory intensity and intensity of receivables
Operation business
  • Inventory level (months)
  • Debtor and creditor target (months)
  • Value added ratio ( I & II )
Business dynamics
  • Sales revenues, total operating performance, and gross profit (incl. changes)
  • Costs of materials and ratio
  • Personnel expenses and ratio
Income position
  • Annual and financial result
  • EBIT and EBITDA
  • Overall return
Financial position
  • Equity and debt ratio
  • Working capital
  • (Cash)-Interest-Cover-Ratio
Reports and analyses
  • Balance sheet
  • Income sheet
  • SuSa

Technical components of oktant

oktant analytics
Here the selected audit procedures are carried out in real time on the databases.
oktant data connect
This is where the connection of the source data systems takes place. The connector is a standard component and does not require opening the firewall.
oktant data lake
Here, the original data from the different source systems are homogenised on the basis of rules and regulations and octant analytics are provided as the data basis.

You want to get to know oktant or need price information?

You can easily make an appointment with a single phone call!

+49 228 9268 0

Or contact us using the form:

Andreas Lau synalis oktant Bonn

Contact

Your contact person

Andreas Lau
Managing Director synalis GmbH & Co. KG
+49 228 9268-0
andreas.lau@oktant.eu
synalis GmbH & Co. KG
Gesellschaft für modernes Informationsmanagement