Governance, Risk and Compliance
Look auditors in the eye with confidence.
CAPABILITIES
Overview | Control Testing | Operational Risk Management | Issue Management | Incident & Loss Management | Survey Management | Policy Management | Audit Management | Continuous Monitoring | Publishing | Dashboarding
Control Testing
Build an efficient ICS
Thanks to a process-oriented approach, our GRC solution supports comprehensive, enterprise-wide compliance management and enables you to build an efficient Internal Control System (ICS) to boost organizational efficiency and streamline the associated process flows.
After identifying compliance risks to meet internal and external requirements, you’ll create and monitor controls. Accompanying processes and responsibilities are fully documented so you can deal with deficiencies in a timely and coordinated way.
You can regularly check on the performance of controls using defined tests. Based on this data, test cases are created and emails are sent to the assigned testers. Test results are then stored, where they can be accessed by internal and external auditors with the appropriate authorization.
Our solution enables consistent workflow management and enables you to track all entries and changes via a seamless audit trail.
For each test not conducted as scheduled, or that demonstrates ineffective controls, a process is triggered to alert the person responsible, who can then take appropriate action to restore the integrity of the ICS. Where financial compliance is concerned, the system documents and logs all transactions as part of an explicit deficiency management procedure. During sign-off, the ICS status is approved and displayed for managers in an easy-to-understand format.
Learn more by watching this tutorial on testing workflow. See how ICS controls are tested, and the results are documented in an audit-proof way.
