Effective risk management and compliance with
government regulations are driving the need for ongoing auditing. For
companies that are regulated by the FDA or are following quality
standards such as ISO 9000/14000, regular audits are essential to
reduce the risk of non-compliance. However, audit management is becoming
increasingly challenging, given the growing complexity of businesses
and the number and types of audits that need to be conducted. Companies
are fast realizing that point solutions and spreadsheet-based systems
are no more suitable for managing internal audit programs.
MetricStream Audit Management Software Solution
MetricStream Audit Management Solution is
designed to help companies manage a wide range of audit-related
activities, data, and processes in a single, comprehensive framework.
The audit management software provides the flexibility to support all
types of audits, including internal audits, operational audits, IT
audits, supplier audits, and quality audits. It also provides
end-to-end functionalities for managing the complete audit lifecycle -
from audit planning and scheduling, to the development of standard
audit plans and checklists, to field data collection, to the
development of audit reports and recommendations, to the review of audit
recommendations by auditees and the Management, to the implementation
of audit recommendations.
Advanced capabilities such as built-in
remediation workflows, time tracking, email-based notifications and
alerts, risk assessment methodologies, and offline audit functionalities
allow organizations to implement industry best practices for efficient
audit execution, and ensure integration of the audit process with the
risk and compliance management system.
Benefits of the Solution
- Enables systematic and workflow driven audit processes across the enterprise with standardized data collection to eliminate audit errors and inconsistencies
- Facilitates a closed-loop audit cycle for recording findings, developing recommendations, and implementing action plans
- Provides complete visibility into audit processes and metrics for better risk management and assured compliance
- Strengthens the efficiency of the audit staff, enabling them to be focused on value-oriented functions such as analyzing and recognizing trends in the audit data
0 comments:
Post a Comment