Instead of process audits that involve verifying manual spreadsheets and require accountants to show all their work, revenue automation enables system audits in which auditors simply check an automated system technology. Typically, with strong technology controls, a company’s risk profile decreases, which improves transparency, reduces time spent by employees supporting the audit, and strengthens internal controls that allow auditors to quickly validate. The reduction in risk and time to validate (i.e., one sample per year instead of a large sample of manual controls) can result in overall reduced auditor fees and costs for overtime or incremental resources. According to Gartner
, automating internal controls decreases audit fees by 27%. Revenue automation makes it easy to prevent and detect problems while increasing security with access controls — none of which exist with manual processes.