oscar is the new gold standard when it comes to balance confirmations.
Obtaining balance confirmations has been a tedious and lengthy process up to now. WP employees had to put the required documents plus a cover letter plus a stamped return envelope in an envelope, postage them, send them to the recipient by post and register, document and archive the reply that would eventually arrive by post on paper.
This elaborate, outdated procedure is finally obsolete. With the software tool oscar (online secure confirmation for audit and review), the entire process of the balance confirmation is handled digitally - from the determination of the sample to the sending of the confirmation request, the processing of the response to the secure digital documentation of all necessary data.
This is what the process has looked like so far:
oscar digitizes all these steps and unites you, the auditor, your clients and their business partners (creditors and debtors) on one platform.
Your advantages with oscar at a glance:
Serviceliste
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oscar saves time.Listenelement 1The process time, which was previously two to four weeks (considerably longer for queries and international correspondence), is reduced to 3-5 days.
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oscar saves the tying up of personnel resources.Listenelement 3Qualified employees are too expensive to block them with bagging cover letters and franking envelopes. oscar prevents the misallocation of valuable know-how, frees up time and motivation for more interesting tasks.
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oscar saves material and postage costs.Listenelement 2There is no need for paper, envelopes and double postage (cover letter plus franked return envelope). You pay a one-time annual fee, there are no hidden costs.
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oscar is safe.Listenelement 4Sensitive data must be safe. This is why the entire data transfer at oscar is encrypted via German servers. We rented an IONOS cloud server for this purpose. All information is strongly protected by individual access keys and two-factor authentication.
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oscar is locked.You alone have control over and access to your data. After carrying out and documenting the confirmation action, you can delete all data.