| OmniCompliance Risk and Audit Module |
Features |
| Risk and Audit Administration |
- Hierarchical/ Logical Capture of processes, risks and controls
- Business users can easily configure organizational policies and SOPs
- Enables users to attach files and action plans to processes, risks and controls
- Imports existing corporate information in various formats and data repositories
- Maintains a complete process and usage audit trails and versioning history
- Enables drill-down from reports into supporting reports and data
- Automates notification and completion of controls management activities
- Alerts users to tasks and action items through home page and email alerts
- Automates certifications for review and certifications by corporate officers
- Details user-specific tasks and actions on a personal home page
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| Risk Assessment |
- Responsibility Allocation to Risk Team
- Definition of Risk Assessment Schedules
- Risk Assessment Data Capture
- Automatic Risk Update post Audits
- Maintains a complete audit trail and version history
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| Risk Monitoring |
- Dashboard for Risk and Control Matrix (RACM)
- Internal Control Reporting
- Status of Risk and Audit Processes
- Graphical Heat Maps for Analysis
- Report on User activities and task completion
- Standards/ Compliance Checklist Reports
- Non-Compliance Reports based on metrics/ threshold
- Internal Control Efficiency Reports
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| Risk Controls |
- Risk to Controls Mapping
- Calculation of Mitigation Cost
- Assessment of Residual Risk
- Automatic Risk Update post testing
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| Audit Management |
- Audit Automation
- Audit Project Planning
- Audit Process Status Tracking
- Audit Schedules Planning
- Re-Assessment Requirement Reports
- Deviations/ Issue Reporting
- Audit Reports Generation
- Control MOPs Reports (SIGMA)
- Comparison of various Audits
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