Case Study: Santa Rosa Rancheria Tachi Yokut Tribe boosts audit efficiency with TeamMate Analytics by Wolters Kluwer

How Santa Rosa Rancheria Tachi Yokut Tribe became more efficient and effective with TeamMate Analytics

The Santa Rosa Rancheria Tachi Yokut Tribe, a federally recognized tribe operating casinos and other businesses, faced the challenge of manually auditing millions of monthly financial transactions to meet stringent anti-money laundering regulations. This manual process was time-consuming, increased the risk of missing irregularities, and left the organization vulnerable. The internal audit team, led by Chief Audit Executive Florandy Lopez, turned to the vendor Wolters Kluwer and its product TeamMate Analytics to address these inefficiencies.

Wolters Kluwer implemented TeamMate Analytics, an Excel-based audit analytics tool. The solution automated data testing, allowing the tribe's auditors to analyze 50-100% of their data in a matter of hours instead of the week it previously took to test just a small sample. This resulted in a massive time savings of hundreds of hours, significantly improved the accuracy of their regulatory reporting, and provided greater confidence in their findings. The tool also made it easy to visualize and share results with leadership, strengthening the tribe's overall risk management.

Santa Rosa Rancheria Tachi Yokut Tribe

Florandy V. Lopez

Chief Audit Executive