Auditability
In 2009, auditability did not appear in the overall top ten list;
however, this year it ranked as the tenth most important benefit
of using risk technology. This may be because auditability aligns
with the number one benefit—accuracy and reliability of data.
It further indicates how the importance of verifying and tracking
data as well as changes to this data over a period of time has only
increased in recent years.
Auditable data as well as being able to report on development of
transactional data—such as claims reserves and payments—over
periods of time also provides the benefit of compliance with
businesses' ever increasing regulatory burden.
Without the assurance of auditability, data may be corrupt or
invalidated due to unauthorized tampering. It can also be lost
if it is moved from one reporting system to another. Any of these
scenarios places the organization at risk. At a time when most
businesses are risk averse, ensuring that their operational and
financial data is valid is clearly a top concern.
24 Global Risk Technology Survey 2012 Aon Risk Solutions
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