Case Study: Energex uncovers nearly $100K in erroneous payments and achieves immediate ROI with CaseWare Analytics' CaseWare Monitor

Caseware Monitor Quickly Reveals $100k In Erroneous Payments

Energex, the main electricity provider for more than a million customers in South East Queensland, faced gaps in its control environment after quarterly data reviews of accounts payable and payroll. To gain continuous assurance and better detect transactional issues, Energex adopted the CaseWare Monitor continuous monitoring solution from CaseWare Analytics.

CaseWare Analytics’ CaseWare Monitor continuously reviews large volumes of accounts payable and procurement transactions, flags anomalies for business review, and verifies control conformance. Within two months of implementation, Energex uncovered nearly $100,000 in potentially erroneous payments, achieved an immediate return on investment, delivered the project on time and under budget, and is now planning to expand the solution into accounts receivable and payroll.

Energex

Brad Pye

Internal Audit Manager