rt360 Audit Management
Automate and streamline audit processes end-to-end
Adopt an integrated and proactive approach to audits through rt360 Audit Management
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
Audit Fieldwork
Audit Fieldwork
Share attachments like evidence, sample details, and cross-referenced documents with auditees for their review and sign-off
Audit Planning
Audit Planning
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
Scheduling of Resources
Scheduling of Resources
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
Analytics
Analytics
Text mining and NLP algorithms analyze audit data and improve risk assessment
Identify outliers and divulge patterns through pattern-matching from historic data
Audit Universe
Audit Universe
Flexible configurations enabled to change/edit Audit Universe on an ad-hoc or periodical basis
Integrated Audit Management
Integrated Audit Management
Integration with in-house systems and external third-party systems
Audit Reports & Dashboards
Audit Reports & Dashboards
Pre-defined dashboards based on requirements like open audits, work paper completion, audit status, and so on
Define and monitor
Define and monitor
Internal and external assessments
Internal and external assessments
Audit and incident reporting capabilities
Audit and incident reporting capabilities
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
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
Products
rt360 Governance, Risk & Compliance Suite
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
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
Download Nowrt360 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
Download Nowrt360 Audit Management
Put your organization on the fast track to audit compliance. Automate, streamline and align your organizational objectives with your overarching audit program
Download Nowrt360 Compliance Management
Simplify and automate organization-wide compliance processes while constantly monitoring adherence to regulatory and policy requirements through a single pane of glass
Download Nowrt360 Environmental Social and Governance
Adopt a centralized and industry-specific approach to ESG risks. Assess, manage, and monitor ESG risks systematically and in an integrated manner
Download Nowrt360 Early Warning System
Identify credit risks proactively leveraging end-to-end predictive analytics.
Download Nowrt360 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.
Download Nowrt360 Asset Liability Management
Growing regulatory mandates by the Bank of International Settlements’ (BIS) demand automated systems for robust asset-liability management.
Download Nowrt360 RAROC Calculator
As you focus on credit growth for your bank, capital allocation and pricing is critical to maximizing profitability and driving sustainable growth.
Download Nowrt360 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.
Download Nowrt360 Early Warning System
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.
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