Developing a Digital Operations Dashboard for Real-Time Financial Compliance Monitoring in Multinational Corporations

Authors

  • Bolaji Iyanu Adekunle  Department of Data Science, University of Salford, UK
  • Ezinne C. Chukwuma-Eke  TotalEnergies Nigeria Limited
  • Emmanuel Damilare Balogun  Independent Researcher, USA
  • Kolade Olusola Ogunsola  Independent Researcher, USA

Keywords:

Digital Operations, Financial Compliance, Multinational Corporations

Abstract

In today’s rapidly evolving global financial landscape, multinational corporations face increasing pressure to maintain compliance with diverse regulations while managing complex governance, risk, and compliance (GRC) requirements. This explores the development of a digital operations dashboard designed for real-time financial compliance monitoring, aimed at automating GRC processes and enhancing decision-making through advanced data analytics. The dashboard integrates real-time data streams from financial operations, regulatory changes, and internal compliance activities, providing a unified platform for monitoring and reporting. It leverages automation to streamline compliance checks, risk assessments, and audit trails, reducing human error and ensuring more efficient adherence to legal and regulatory standards. By harnessing the power of real-time data analytics, the dashboard offers key benefits, including proactive compliance management, early detection of financial discrepancies, and rapid response to regulatory changes across multiple jurisdictions. Through customizable features, the dashboard provides a dynamic view of an organization’s financial compliance status, flagging potential risks and ensuring timely corrective actions. Additionally, automation of repetitive tasks frees up resources, allowing compliance teams to focus on strategic decision-making and critical risk mitigation efforts. This approach not only improves operational efficiency but also strengthens governance frameworks by ensuring that compliance measures are continuously monitored and aligned with evolving regulatory requirements. This discusses the technical architecture of the dashboard, key performance indicators, and the integration of AI-driven predictive analytics for forecasting compliance risks. Ultimately, the digital operations dashboard provides a comprehensive, scalable solution for multinational corporations, ensuring robust financial compliance, enhancing GRC automation, and enabling real-time insights for effective corporate governance.

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IInternational Journal of Scientific Research in Computer Science, Engineering and Information Technology

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Published

2023-05-25

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Volume 9, Issue 3, May-June-2023

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Research Articles

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[1]
Bolaji Iyanu Adekunle, Ezinne C. Chukwuma-Eke, Emmanuel Damilare Balogun, Kolade Olusola Ogunsola, " Developing a Digital Operations Dashboard for Real-Time Financial Compliance Monitoring in Multinational Corporations " International Journal of Scientific Research in Computer Science, Engineering and Information Technology(IJSRCSEIT), ISSN : 2456-3307, Volume 9, Issue 3, pp.728-746, May-June-2023.