Company Overview
FinWise Corp is a financial services company that upholds strict compliance and regulatory standards. With their operations expanding, FinWise faced challenges in conducting timely and accurate internal audits, a critical process to ensure compliance and optimize operations.
The Challenge: Lengthy and Manual Internal Audits
Prior to automation, FinWise relied on manual data collection, processing, and validation for their internal audits. This led to several key issues:
- Extended Audit Cycles: Manual processes slowed down audit completion, making it challenging to meet regulatory deadlines.
- Data Accuracy Issues: Human error in data entry and validation increased the risk of inaccuracies.
- Lack of Real-Time Insights: Difficulty accessing real-time data limited the insights available during audits, making it harder to make informed decisions.
The Solution: Automated Internal Audits with n8n
Zlanyk partnered with FinWise Corp to create an automated internal audit system using n8n. This no-code platform enabled seamless data integration and streamlined the auditing process, ensuring compliance and efficiency.
Project Phases: Implementation Steps
- Audit Process Mapping – Weeks 1-2
We began by mapping out FinWise’s existing audit workflow, identifying bottlenecks and defining the most efficient audit flow with automation. - Workflow Design and Integration – Weeks 3-5
Using n8n’s visual workflow editor, we built a comprehensive workflow that automated data collection, analysis, and validation from various sources, ensuring accurate and reliable audit data. - Testing and Iteration – Weeks 6-7
We ran pilot audits and gathered feedback from FinWise’s audit team. This helped refine workflows to meet regulatory standards precisely. - Staff Training and Rollout – Week 8
Our team provided FinWise’s auditors with hands-on training, ensuring they were equipped to handle the new system and monitor automated workflows. - Ongoing Optimization – Week 9+
Post-launch, we supported FinWise with continuous monitoring and optimization, enabling the system to adapt as audit requirements evolved.
The Benefits: Enhanced Internal Audits for FinWise Corp
In just 8 weeks, FinWise Corp experienced transformational improvements:
- Reduced Audit Cycle Time: Automated workflows decreased audit cycles by 60%, allowing FinWise to meet compliance deadlines with ease.
- Improved Data Accuracy: Automation reduced human error, enhancing the reliability of audit data.
- Real-Time Reporting: The automated system provided instant access to real-time data insights, enabling more informed decision-making.
- Enhanced Compliance: Streamlined audits ensured FinWise Corp stayed compliant with evolving regulatory standards, safeguarding their operations and reputation.
Why n8n for FinWise Corp?
n8n’s flexible no-code platform allowed FinWise to integrate diverse data sources into a cohesive audit system. Its adaptability ensured FinWise could handle evolving audit demands without extensive manual effort.
The Bottom Line
Automating internal audits was a game-changer for FinWise Corp. With Zlanyk’s expertise and n8n’s robust automation capabilities, FinWise enhanced their audit processes, achieving greater efficiency and compliance.
Curious how automation can transform your internal audits? Reach out to us today!
