The audit management solution covers the entire audit process. It provides end-to-end solution to the audit process of the bank by automating the entire audit planning and scheduling process. It enables the audit planning department to centrally allocate the resources available from the empanelment module for carrying out the audit.

Features

• Audit Management Solution is an advanced web-based customizable and user-friendly solution that provides an end-to-end solution to the audit process.
• Our professionals have built this solution to offer the management an explicit, comprehensive and unbiased analysis of functional efficiency of their organizations and identify the loopholes suggesting alternative measures to resolve the recognized glitches.
• We focus our expertise in the key areas like – Audit Planning, Resource Allocation, Audit Execution, and Audit Compliance.
• Follows modular architecture. Supports modules including empanelment module, planning process module, compliance module, MIS module, etc
• Supports comprehensive MIS reporting
• Workflow based compliance

Benefits

• Accelerates audit completion thus decreasing costs associated with the process.
• Consistently implements standardized audit processes across business units and audit entities.
• Enables generation of reports needed to demonstrate audit status for any regulatory or standard based audit requirements.
• Obviate the need (in certain scenarios) to have extremely knowledgeable people on staff for each regulation or standard and optimally use the time of such skilled staff when needed.
• Address and adapt to the constantly changing regulations and achieve compliance with new regulations in significantly less time indicating its high end compliance feature.
• Automation of planning, scheduling, execution, compliance management & closure of audits – boosting efficiency & minimizing timeframes considerably.
• Tracking of pending irregularities; enabling competence in diversified work frames.
• Provides a single and centralized repository for all compliance related data; ensuring your valuable database is secure and roll based access is provided to users.