AutoAudit® Cloud
The power of AutoAudit®, in the cloud.
AutoAudit® Cloud provides the nimble approach required to serve business leaders, operational management, audit committees, and regulators in these disruptive periods.
Exponential business models, emerging markets, and an unpredictable political landscape have heightened the need for a more agile and opportunistic approach to audit.
We recognize the ever-evolving nature of your role as an auditor, especially as you adjust to the increasing disruptions in today's business landscape.
AutoAudit® Cloud is here to serve, support, and enhance your focus during both challenging and opportunistic times.
Our platform offers a streamlined scope definition and collaborative electronic workpapers, enabling your audit teams to maintain structure in their work while also fostering creative thinking. This flexibility is particularly valuable when dealing with emerging risks, new business development, and other activities that go beyond routine processes.
Furthermore, our open platform ensures secure distribution of your findings, promoting transparency and generating buy-in from stakeholders. We understand the importance of maintaining a clear line of communication and ensuring that everyone is aligned throughout the audit process.
Your audit function is part of a broader risk ecosystem.
The AutoAudit® Cloud solution is built off the powerful Connected Risk® GRC platform. This cutting-edge solution leverages advanced data modeling and mapping capabilities to harness the wealth of data available to you.
By utilizing these advanced capabilities, our platform ensures a higher degree of standardization, enabling you to streamline and optimize your audit processes. You have the flexibility to create assessment matrices that integrate data from various risk and compliance functions you choose to connect with. This allows you to tap into valuable intelligence and make informed decisions.
With this wealth of information at your fingertips, you can confidently make mid-cycle directional changes in your assessment plan, ensuring it remains laser-focused on what truly matters at any given time. This agility and adaptability are key to effectively addressing evolving risks and priorities.
AutoAudit® Cloud empowers you to maximize the value of these capabilities, enhancing the efficiency and effectiveness of your audit practices.
Elevate your audit management practices with a range of features designed to enhance and expand your AutoAudit® Cloud solution
Recognizing the distinct requirements of each audit function and the businesses they serve, AutoAudit® Cloud provides an out-of-the-box solution that allows for configurable risk assessment methodologies. Our platform gives you access to advanced data modeling, mapping, and workflow development tools, enabling customization according to your specific needs.
The success of AutoAudit® Cloud is exemplified by our largest Tier 1 clients who have utilized the platform to build bespoke risk assessment solutions. These solutions efficiently process substantial amounts of data, handling over 300 updates daily across 10,000 to 20,000 touch points.
Experience the power and flexibility of AutoAudit® Cloud in revolutionizing your risk assessment processes, providing tailored solutions to meet your unique requirements.
With AutoAudit® Cloud, you have the flexibility to append a work schedule without limitations. This empowers your audit teams to swiftly adapt and conduct agile audits in response to business requests for expert independent reviews.
For instance, you can easily initiate audits to assess the impact of a new business acquisition or joint venture, evaluate emerging risks not yet documented in the corporate register, or analyze the effects of market disruptions on vulnerable areas of your organization.
These agile audits are efficiently managed through robust version control, ensuring accurate documentation and tracking of changes to the audit plan throughout the year. The complete audit trail serves as compelling evidence for stakeholders and regulators, demonstrating transparency and accountability in your audit processes.
AutoAudit® Cloud revolutionizes audit team fieldwork by seamlessly linking electronic workpapers to multiple audit file elements, minimizing duplication. This innovative feature enables the creation of composite workpapers that encompass test plans spanning multiple controls, risks, and processes. These workpapers are directly linked to audit findings, ensuring a comprehensive and easily navigable audit trail.
Additionally, our platform equips your teams with checklists that facilitate the recording of test approaches and results. This eliminates the need for creating duplicate or intermediary workpapers, resulting in a more efficient and focused audit execution process.
AutoAudit® Cloud offers a sophisticated integrated reporting feature that extends to all solutions on the EmpoweredNEXT® platform.
This powerful capability provides an advanced business intelligence reporting system, empowering your teams to create visually appealing and interactive reports directly within their AutoAudit® Cloud dashboards.
Here are some key benefits of this integrated reporting functionality:
- Centralized Data Designs and Report Management: Streamline data designs and report management requirements, ensuring consistency and efficiency across your organization.
- Utilize Connected Risk Elements: Build data designs using Connected Risk elements, allowing for seamless integration with your existing risk management framework.
- Manage and Organize Reports: Easily manage, publish, and organize reports to cater to the specific needs of different user communities within your organization.
- Customization and Insights: Enable users to personalize reports by reformatting and applying filters, effectively articulating specific insights and areas of focus.
- Export to PowerPoint and Other Formats: Automatically extract reports to PowerPoint and other presentation formats, facilitating seamless sharing and communication.
- Excel Integration: Export charts to Excel, including the underlying data set, providing additional flexibility for reporting and analysis purposes.
By leveraging these robust reporting capabilities, AutoAudit® Cloud empowers your organization to generate comprehensive and impactful reports that drive informed decision-making and enhance overall audit effectiveness.
AutoAudit® Cloud serves as a reliable single source of truth, offering infinite linkage capabilities that significantly enhance data quality and foster knowledge sharing within your organization.
Leveraging advanced drag-and-drop functionality and robust data mapping capabilities, AutoAudit® Cloud empowers you to effortlessly create additional taxonomies and establish linkages with neighboring risk areas.
With its high configurability, AutoAudit® Cloud equips your teams to:
Tailor-made, just for your organisation
Tailor the solution to meet your organisation’s growing regulatory needs
Evolve with regulatory change
Ensure evolving regulatory needs and internal policy updates are incorporated into the organization’s model inventory management.
Provide evidence with integrated reporting
Provide evidence of the latest taxonomies and relationships with our integrated reporting capabilities.
Expand with our RESTful API
AutoAudit Cloud® leverages RESTful web service endpoints that allow bidirectional integration of your data.
Audit management doesn't have to be complicated.
Talk to one of our experts
Complete the form on the right to connect with one of our knowledgeable Solutions Experts who can guide you in setting up a proof of concept or even arrange a tailored demo specifically for your team.
Discover the capabilities of our AutoAudit® Cloud and how it can effectively manage the entire audit lifecycle for your organization. Let us help you streamline your auditing processes and maximize efficiency.
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Expand with the Ecosystem
Expand your Connected Risk® solution with our EmpoweredNEXT® partner applications.
"Powerful Platform For Compliance With Dynamic Regulatory Environment"
“The product is a powerful platform for regulated firms in the financial industry to comply with the ever-changing regulatory environment. The software helps my organization navigate rules and regulations, internal processes, and regulatory reporting requirements.”
Senior Associate, Finance Organisation with an annual return of $1-3BN USD
