Australia Post’s internal audit team making big business impact

2014-07-01

Congratulations to the Internal Audit team at Australia Post, winners of the ACL Impact Award for Business Impact this year! They were honoured along with winners in four other award categories at a special luncheon presented at the ACL Connections customer conference. The Business Impact Award recognizes a person or team who has achieved measurable success through the use of ACL technology. Australia Post’s Internal Audit team, whose mission is to “safeguard the business and help make it better,” has leveraged ACL and analytics as a cornerstone of their Internal Audit strategy.

The team has embedded analytics into the audit processes, delivering more effective control assurance and quantification of commercial insights for an organisation that is experiencing one of the biggest transformations in Australian corporate history.

Internal Audit is helping to transform Australia Post’s culture and business processes by using analytics to identify process improvements and cost savings across the business including safety, assets, procurement, payroll, product and fraud detection.

Success highlights:

• Achieved overall internal customer satisfaction of 98% by General Managers for audits involving analytics.
• Avoided software licence compliance breaches by implementing proactive compliance monitoring.
• Realised labour savings from improved IT contractor governance.
  Through analysis of supplier spend, improved supplier contract compliance for key supplier categories through establishment of strategic sourcing savings.
• Recognised with internal awards for demonstrating the corporate values of collaboration and accountability by improving business processes using analytics.

Congratulations to the entire Internal Audit team at Australia Post on their impressive business impact in support of their organization’s mission!

(Source: ACL Blog)