ICoFR· Nextera 05
Nextera Guard
Internal Control over Financial Reporting, from control library to continuous monitoring.
Overview
Nextera Guard is an Internal Control over Financial Reporting (ICoFR) platform, spanning control library, assessment, evidence, remediation, testing and monitoring.
Guard turns ICoFR from a spreadsheet exercise into a living system: a central control library, structured assessments, evidence capture, remediation tracking and continuous monitoring.
Capabilities
- Control library
- Hold every financial-reporting control in one place, mapped to the risks and processes it covers.
- Risk & control assessment
- Assess the design and operating effectiveness of controls against the risks they address.
- Evidence management
- Capture and store the evidence for each control test, linked to the control and period.
- Remediation tracking
- Log deficiencies and track remediation to close, with owners and due dates.
- Control testing
- Plan and record control testing across the cycle, with results feeding the assessment.
- Continuous monitoring
- Monitor key controls continuously rather than only at period end, surfacing issues early.
Outcomes
- 1
- central control library
- Live
- control monitoring
- Full
- audit trail
FAQ
Frequently asked questions
What does Guard support?
Guard runs Internal Control over Financial Reporting (ICoFR) — a central control library mapped to risks and processes, with assessment, testing, evidence and remediation in one system.
How is evidence handled at audit time?
Each control test's evidence is captured against the control and period, so the audit trail is complete and retrievable rather than scattered across spreadsheets and inboxes.
Does Guard support continuous monitoring?
Yes. Key controls can be monitored continuously rather than only at period end, so deficiencies surface early enough to remediate before reporting.
Who is Guard built for?
Internal control (ICoFR) teams, risk and compliance functions, and finance leadership responsible for the reliability of financial reporting.
Ready to Get Started?
Schedule a personalized demo to see how our solution can address your specific needs.