Deloitte Launches "Reimagine Risk Sensing" Built on SAP® Cloud Platform and Powered by SAP Leonardo for Controllers and Their Teams

Solution helps controllers, finance and accounting teams identify and manage risk in near-real time with machine learning

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Deloitte

Feb 13, 2019, 10:05 ET

NEW YORK, Feb. 13, 2019 /PRNewswire/ -- Deloitte recently launched an SAP-certified accelerator focused on cognitive controllership, powered by SAP^® Leonardo and offering a path to the SAP Intelligent Enterprise: Deloitte Reimagine Risk Sensing. Developed by combining Deloitte's Accounting Information Science^™ and risk sensing capabilities with SAP Leonardo technologies, Deloitte Reimagine Risk Sensing is designed to reduce controllership risk and improve efficiencies with cognitive computing, machine learning and robotic process automation technologies. Deloitte Reimagine Risk Sensing for controllers will be available initially in the U.S., scaling globally in 2019.

Deloitte and SAP co-innovated the Reimagine Risk Sensing solution to help controllers, auditors, accountants and finance teams mitigate risk and align with compliance requirements by providing near real-time insights on potential financial abnormalities and on manual and automated journal entry errors. The same risk sensors within the Deloitte Reimagine Risk Sensing solution that support controllership functions can be extended into other critical business functions across an enterprise including supply chain and human resources management.

Darwin Deano, principal and SAP chief technology officer, Deloitte Consulting LLP, said, "We worked with SAP to build the Reimagine Risk Sensing solution leveraging SAP Cloud Platform and SAP Leonardo capabilities, including machine learning, while adding robotic process automation to enable finance and accounting professionals to identify and act on risks as they arise, while also making compliance data integrity screening more agile, scalable and applicable to finance and across the enterprise."

Scott Gauch, Deloitte Risk and Financial Advisory principal and SAP leader, Deloitte & Touche LLP added, "Finance and accounting teams across all industries spend a lot of time researching transactions and troubleshooting errors found in financial statements during each period close, including duplicate payments entries, unauthorized asset disposal, and inaccurate journal entries."

Deloitte was recognized with the SAP Leonardo Partner of the Year award, as part of SAP's 2018 SAP Pinnacle Award program.

To learn more about how Deloitte is helping businesses that use SAP solutions to reimagine possibilities with the Deloitte Reimagine Platform powered by SAP Leonardo, please contact Deloitte at [email protected].

About Deloitte

Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90 percent of the Fortune 500 and more than 5,000 private and middle market companies. Our people work across the industry sectors that drive and shape today's marketplace to make an impact that matters — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthy society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them.

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Contacts

Shelley Pfaendler
Deloitte Services LP
+1 212 492 4484
[email protected]

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SOURCE Deloitte