Effective – Control (Effcon) – a Continuous Control Monitoring System

To enable you to continue managing your business in a secure manner

Effective – Control (Effcon) – a Continuous Control Monitoring System

To enable you to continue managing your business in a secure manner

MONAROV & Co. Consulting’s Effcon system (effective – control) is a unique automated system which was developed based on over 20 years of experience in the fields of Internal Control and Fraud Prevention Engagements. The system facilitates the maintenance of an automated, continuous and independent control system for purposes of identifying control weaknesses, fraud and irregularities, reducing operational risks and assessing the effectiveness of internal control in the organization. The system constitutes a major tool in assisting organizations in achieving their business objectives.

How it works

Our firm assists organizations in installing the Effcon (Effective control) system which contains defined sets of analytical rules. During its ongoing work, the Effcon system reads the transactions in the organization’s information systems and analyzes deviances and identifies red flags on the basis of the pre-defined analytical rules. In the event that the system identifies an exceptions, management and the parties responsible for implementing and monitoring controls of the business process will receive an alert regarding the event and will quickly ascertain whether or not there is a risk to the organization, the strength of the risk and the proper response shortly after the occurrence of the event.

The set of analytical rules is defined by a team of experts with vast experience in discovering deviations in various fields, based on many years of experience in our firm, in the fields of control and risk management.

Each organization has the option of adding new additional rules to the system which are unique to the environment of the organization, thereby fully adapting the system to its own needs.

The advantages of the system



Bringing the relevant deviances to the surface without the need for further filtration.


Fully scanning the data of the organization (100% of the population), instead of using only sample controls.


performing control in an automatic manner without having to waste man-hours.


Use of the system is simple, with deviances input into an easy-to-use, visual deviance management module.


Improving the process of identifying fraud and reducing operational risks.


The control process is performed in an ongoing manner over time, without having to be redefined.

Compliance with regulatory requirements

Also providing a response to the demands for improvement of the control system on the part of various entities, such as the independent auditor, the internal auditor, the regulatory agencies, compliance officer, etc.

Real time

Discovering material weaknesses in the control process facilities the remediation of the failure in the control very close to the occurrence of the failure.

Quantification capability

Quantification of failures in the control system and assistance in ascertaining the severity of the deviance and taking the desirable steps on the part of the organization.

Areas of activity



Payments To Vendors








Bribery Prevention




Information Security




Journal Entries


Prohibition Against Money Laundering


Mutual Trust Funds


Corporate Governance


Who we are

Galvanize (ACL)

Galvanize is technology company focused on develop GRC software (HighBond platform) that strengthens organizations.

The platform provides visibility into risk, makes it easy to demonstrate compliance, and helps grow your audit, risk, and compliance programs without incurring extra costs.

For more details visit Galvanize’s website: www.wegalvanize.com.


Behind the development of Effcon (Effective – Control) system is the consulting firm of MONORAV & Co. (founded in 2021 – Split from Alkalay Monarov Accounting Firm), with a staff of dozens of professional consultants.

MONAROV & Co, specializes in control, consulting and risk management, handling quality portfolios that demand a high level of partner involvement. The firm renders services to many of the largest companies in the Israeli economy, in the following fields: risk management, identification and prevention of embezzlement and fraud, audit and security of information systems, internal auditing, consulting to information system managers, implementation of the provisions of the Sarbanes Oxley Act, assistance to attorneys with litigation, liquidations and receiverships, consulting to boards of directors and senior officers in the areas of control, risk management, etc.

MONAROV & Co. is the sole representative in Israel of Galvanize   , a Canadian company that develops risk management, control and data analysis platforms. The Galvanize software serves as the platform, on the basis of which the tests are defined.

For additional information, please feel free to visit our website at www.monarov.co.il

Contact Us

Effective-Control (Effcon)

Sapir Tower, 40 Tuval st. (11th Floor)
Ramat Gan 5252247, Israel
Phone: +972.3.6863386
Email: info@effcon.co.il

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