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Risk segmentation use cases

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Summary

The Risk segmentation dashboard allows you to explore disaggregated data from different angles. You can create custom risk segments by selecting relevant categorical columns from the general ledger, then arrange the data structure to create meaningful comparisons of the risk across various data segments. This dashboard also supports the configuration of risk groups and the creation of custom risk scores to enable more robust analysis.

Learn about a few use cases for the Risk segmentation dashboard.

Note: The below use cases may require additional data to be mapped as a filterable column during the MindBridge data import process.

Use cases

Scenario 1: Understand the risk by region or component

Create a segment that breaks down the financial statement line item risk by region or component. This will help identify regions or components with significant activity or greater concentrations of risks.

Below is an example data structure for this scenario.

Screenshot of building a regional risk segment

Below is an example of the segment table with a regional risk breakdown.

Screenshot of a regional risk segment in the risk segmentation dashboard

Scenario 2: Profile user risk (behavior and segregation of duties)

Create a segment that breaks down the financial statement line item by user. This will provide insights into user behavior, such as understanding which users post the most or riskiest entries. 

Below is an example data structure for this scenario.Screenshot_of_building_a_user_risk_segment
Below is an example of the segment table with a risk breakdown by user.

Screenshot_of_a_user_risk_segment_in_the_risk_segmentation_dashboard

You can also build out a segment to determine which financial processes users participate in. The structure below may help you determine any gaps in the segregation of duties. 

  • Risk score
    • User ID
      • Account hierarchy: Level 3

Scenario 3: Determine concentration and risk of vendors/suppliers

Create a segment to understand the concentration and associated risk of vendors/suppliers by leveraging the columns available in the risk segmentation dashboard (i.e., total activity, number of entries, and percentage [%] of value). 

Scenario 4: Analyze your business process by transaction types

Create a segment to analyze business processes by using transaction codes/types. The transaction code (T-code) or the “Type” column in the general ledger can be used as a data field to build this segment. 

Below is an example data structure for this scenario.

Screenshot_of_building_a_business_process_risk_segment

Below is an example of the segment table with a risk breakdown by business process.

Screenshot_of_a_business_process_risk_segment_in_the_risk_segmentation_dashboard

Scenario 5: Disaggregated revenue analysis

You can also use the risk segmentation dashboard to break down accounts into various views. For example, if a company has different streams of revenue that are mapped during the data import process, this dashboard can show the disaggregated revenue balances. This allows you to perform detailed risk assessment over revenue as they are able to understand how risky entries are across various sources of revenue.


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