Helping Consultants deliver a Gold standard in commercial assurance
The primary benefit of deploying Coria Digital Cost Assurance is that Consultants can dramatically reduce the time and resources trying to sort out disputed applications that are reliant on dubious information. Rather than being limited by the ability of the human mind to analyse and process information, the rigour of the audit is significantly increased.
This means value that the Consulting team comes from how you interpret and then resolve disputes – not from maintaining and sampling a spreadsheet containing thousands of lines of data.
What’s more, because the process for each client is simplified, consulting teams can then manage multiple clients simultaneously, increasing the ROI for each member of the team. People are expensive resources: this allows you to add value not manage data.
With the improved accuracy of the information, there is also less risk on professional indemnity insurance. As a Consultant, your role includes providing legally binding certification of the accuracy of expenditure, and mistakes can be very serious and very expensive.
Coria Digital Cost Assurance creates an auditable, transparent and standardised financial dataset for compliance, reducing the likelihood that a final audit would find consultants liable for over-certification or for negligence in their management of cost assurance. This dramatically reduces risk of liability for the cost of any errors made in calculating a payment.
Finally, one of the great advantages of Coria Digital Cost Assurance, which applies to all users, is that none of the existing players can claim ownership. Its application is universal, developed and designed by a team with no vested interest. It isn’t the IP of an audit or construction company. As a result, it isn’t linked to any existing commercial relationship within this triangle.
It can be adapted for use in any market, globally. As a result, Digital Cost Assurance, developed by Coria – a Roc Technologies company, offers a gold standard of accuracy wherever it is applied.