rt360 Audit Management

Automate and streamline audit processes end-to-end

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Comprehensive audit management system to automate and streamline audit processes

An organization’s audit department cannot work in silos. With increasing regulatory protocols, businesses need technology-enabled audit programs to monitor process conformance, identify risks, and strengthen controls.

Built on the rt360 GRC platform, rt360 Audit Management helps businesses align organizational goals and objectives with their overall audit program. It enables the adoption of a structured, integrated and proactive approach to audits, helping to control costs and reduce risks. From defining a cohesive audit strategy to planning, execution, and follow-up, rt360 Audit Management drives continuous improvements across the broader organization, powered by state-of-the-art technology innovations.

Key Features

Enables to conduct fieldwork with ease and in an automated manner for various types of audits. Helps auditors to gather evidence across the organization, assess effectiveness of controls and create workpapers with ease and supporting documentation. Create different types of audits, capture findings, ratings, root cause, recommendations, and action plans in pre-defined formats
Create systematic audit plans for business units or line of business based on audit history, scores, risk ratings & aggregation, for single or multi-year periods. Multi-year audit plans can optimize resource management and help address areas that are high in materialityc



Leverage features like the workshop scheduler and audit calendar to allocate resources and enable collaboration based on a detailed audit charter.





Bring the power of emerging technologies, like analytics, text mining and NLP, into your audit process to unlock benefits.

Define your audit universe and map auditable entities based on periodic risk assessments. Auditable entities include business units, process etc
Integrate audits with rt360 Enterprise Risk Management, Compliance and Incident Management modules

Generate draft and final audit reports in MS Word/PDF based on auto-populated information pulled from a unique Audit ID

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Audit Fieldwork

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Audit Fieldwork

Enables automated audit assessments and gathers evidence with ease
Share attachments like evidence, sample details, and cross-referenced documents with auditees for their review and sign-off
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Audit Planning

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Audit Planning

Sync detailed audit plans with the audit universe and scopes them on key parameters
Create time-bound audit plans with flexible workflows and notifications
Link other GRC modules to create audit plans or trigger audits based on risk assessment
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Scheduling of Resources

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Scheduling of Resources

Easy to identify resource availability, and schedules and allocate resources with ease
Ability to allocate the right resources according to the type of audits scheduled
Use the audit charter to schedule resources for planned audits
Send reminders in advance to the auditees and request sample data proactively
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Analytics

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Analytics

Leverage advanced analytics and data insights based on audit reports generated
Text mining and NLP algorithms analyze audit data and improve risk assessment
Identify outliers and divulge patterns through pattern-matching from historic data
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Audit Universe

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Audit Universe

Link various attributes such as organization hierarchy, location, risks, etc. from in-built libraries of risks
Flexible configurations enabled to change/edit Audit Universe on an ad-hoc or periodical basis
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Integrated Audit Management

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Integrated Audit Management

Create RCSA & non-compliance issues based on audit findings
Integration with in-house systems and external third-party systems
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Audit Reports & Dashboards

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Audit Reports & Dashboards

Flexible workflow configurations to send the report to stakeholders for sign-off
Pre-defined dashboards based on requirements like open audits, work paper completion, audit status, and so on
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Define and monitor

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Define and monitor

Define and continuously monitor compliance obligations with associated timelines Incorporate organization’s compliance matrix, questionnaire, templates, and so on.
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Internal and external assessments

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Internal and external assessments

Compliance calendar detailing all compliance/policy assessment Options for the user to schedule assessments and track ongoing status
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Audit and incident reporting capabilities

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Audit and incident reporting capabilities

Audit trail with detailed tracking of activities including a timestamp Real-time customizable reports and feature-rich dashboards

Benefits

Align business objectives with
audit programs
Centralized view of the audit
management cycle
Integrated approach to
manage audit findings
Overall reduction in
audit cycle time
Optimized issue resolution
time and audit cost

Proactively identify
and resolve issues

Near-real-time reporting

User customizable reports and dashboards

Value Proposition

Business first, technology next approach

Business first, technology next approach

Industry-specific risk registers, controls

Industry-specific risk registers, controls

Compliant to global GRC frameworks

Compliant to global GRC frameworks

Flexible commercials and deployment models

Flexible commercials and deployment models

6320

Business first, technology next approach

6320

Business first, technology next approach

6321

Industry-specific risk registers, controls

6321

Industry-specific risk registers, controls

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Compliant to global GRC frameworks

6322

Compliant to global GRC frameworks

6323

Flexible commercials and deployment models

6323

Flexible commercials and deployment models

Products

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Ensure intelligent and integrated management of enterprise risks, with end-to-end, automated governance and compliance

rt360 Enterprise Risk Management

Identify, assess, mitigate and monitor enterprise-wide risks arising out of operations and ensure compliance with leading regulatory frameworks

rt360 Audit Management

Streamline, integrate and fortify audit management. Adopt a structured, integrated and proactive approach to audits to control costs and reduce risks

rt360 Compliance Management

Automate the overall compliance process; identify, assess, and monitor adherence with leading regulatory frameworks

rt360 Environmental, Social and Governance

Assess, manage, and monitor ESG risks systematically and align the organization’s strategic and financial objectives with the overarching ESG program

rt360 Incident Management

Streamline organization-wide incident management to identify, record and resolve incidents with business-impact

Brochures

rt360 Governance, Risk & Compliance Suite

Accelerate the process of identifying enterprise risks, and monitor and automate controls to gain a holistic and integrated view of governance and compliance

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rt360 Enterprise Risk Management

Identify, assess, mitigate, and monitor enterprise risks effectively with advanced risk modeling, analytical and reporting capabilities, in compliance with Basel-II and Basel-III guidelines

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rt360 Audit Management

Put your organization on the fast track to audit compliance. Automate, streamline and align your organizational objectives with your overarching audit program

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rt360 Compliance Management

Simplify and automate organization-wide compliance processes while constantly monitoring adherence to regulatory and policy requirements through a single pane of glass

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Adopt a centralized and industry-specific approach to ESG risks. Assess, manage, and monitor ESG risks systematically and in an integrated manner

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With the introduction of the global International Financial Reporting Standards-9 (IFRS 9) and its equivalent Indian Accounting Standards (IND AS) 109, financial institutions are adopting scientific methods for computing credit losses.

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Identify credit risks proactively leveraging end-to-end predictive analytics.

rt360 RAROC Calculator

As you focus on credit growth for your bank, capital allocation and pricing is critical to maximizing profitability and driving sustainable growth

rt360 Model Risk Management

Global regulators in recent times have paid an increasing attention to managing risks arising from extensive use of models in decision making.

rt360 Expected Credit Loss

With the introduction of the global International Financial Reporting Standards-9 (IFRS 9) and its equivalent Indian Accounting Standards (IND AS) 109, financial institutions are adopting scientific methods for computing credit losses.

rt360 Asset Liability Management

Growing regulatory mandates by the Bank of International Settlements’ (BIS) demand automated systems for robust asset-liability management.

risk management suite
BCT Digital’s rt360 risk management product suite transforms the world’s leading enterprises, drawing on the strengths of next-generation technologies, sophisticated AI/ML models, data-driven algorithms, and predictive analytics. Its revolutionary Fintech, Regtech, and SustainTech solutions help enterprises optimize their core governance, risk, and compliance processes, enabling them to augment their positioning and go-to-market capabilities.

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rt360 product suite