Hear How Auditors at Fidelity Canada Automated Spreadsheet Work with Access to Advanced Analytics
“Instead of spending hours in front of a spreadsheet trying to recreate an analysis, we can automate it very quickly using KNIME.”
— Hassan Jan, Senior Manager, Internal Audit, Fidelity Canada
The company serves over ~40 million people, helping them feel more confident in their most important financial goals. They manage employee benefit programs for nearly 23,000 businesses, and support more than 3,600 advisory firms with innovative investment and technology solutions to grow their businesses.
Historically, the Internal Audit at Fidelity Canada performed a lot of their work, e.g., risk assessment, in Excel. But whenever they wanted to run a repeat analysis, they were spending hours recreating the analysis in spreadsheets.They wanted to find a new solution that would enable them to save time by automating repetitive tasks.
They introduced KNIME as their data analytics tool. It was adopted easily by the audit team due to its intuitive no-code/low-code environment. Even beginners could start using the new reusable and shareable workflows right away. Now, the Internal Audit department has gained access to advanced data analytics techniques previously unavailable to them. The immediate clarity of the KNIME solutions enables the team to communicate findings easily and show other stakeholders how the data has been manipulated and analyzed. Using resources such as the KNIME Community Hub, the team can search for solution starters and tap into know-how previously unavailable to them.
Fidelity Canada provides independent and objective assurance and advisory services, improving customer service and enhancing the overall organization value and business performance. KNIME is part of their portfolio of data analytics software tools.