This measure calculates the percentage of primary controls that are automated. In the context of internal controls, a primary control is a control that is part of regular oversight and management. The set of primary controls form the basis of the organization's internal controls. This measure is part of a set of Process Efficiency measures that help companies optimize their "operate controls and monitor compliance with internal controls policies and procedures" process—which incorporates planning, management, operations, and monitoring of internal control mechanism policies and procedures in order to manage internal controls—by minimizing waste and refining resource consumption.
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(Number of automated primary controls / Number of identified primary controls) * 100.0
Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.
The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.