The Future Ledger

(Episode 4) - Automation with Accountability: The Need for Internal Control

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In this episode of The Future Ledger, Ibrahim Adepoju and Ajibola Jinadu discuss the critical relationship between automation and accountability in business processes.

They emphasize the necessity of strong internal controls before implementing automation, sharing practical examples and insights on establishing effective workflows.

The conversation also covers the significance of audit trails in maintaining accountability and the role of software as a supportive tool rather than a solution in itself.

Takeaways

  • Automation won't solve your control problems.
  • Strengthen your processes before automation.
  • Identify your workflows to set up controls.
  • Audit trails help track accountability.
  • Software is an assistant, not a replacement.
  • Real-time data helps refine processes.
  • You need to know your business before automating.
  • Weak controls lead to accountability issues.
  • Automation and accountability go hand in hand.
  • Don't just jump on any software for automation.
    • ...more
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    The Future LedgerBy Tyms Inc.