Internal Audit Software

Simply the Most Powerful Internal Audit Software.
Solution Features Internal Audit Procedure

ProcessGene™ Internal Audit Software – Introduction

The ProcessGene™ GRC software suite provides a complete solution for internal audit. The Internal Audit software is implemented within days, immediately creating visibility and centralized control.

The internal audit software establishes an automated workflow that reduces the time and cost of internal audit efforts and eliminates manual labor, maintenance of multiple excel spreadsheets, etc. ProcessGene™‘s Internal Audit software is designed for multi-subsidiary organizations, based on our Multi-Org technology.

ProcessGene is acknowledged worldwide as a leading provider of Business Process Management (BPM) software solutions (see Gartner’s report on ProcessGene).

ProcessGene GRC Software Solutions - Internal Audit

The Internal Audit Challenge

Organizations today are required to comply with an increasing number of regulations, policies and procedures. This drives the need for ongoing auditing in organizations. The traditional regulation/policy/procedure-specific audit software solutions have become less effective, as they are not integrative and hence can create inconsistencies and even contradictory audit processes. Executive officers are specifically required to demonstrate effective internal audit practices, and to ensure corporate transparency and visibility into the business. The internal audit process is continuous and needs to be repeated periodically and closely monitored. Management is personally responsible for an adequate level of internal audit, and this responsibility requires significant management attention and allocation of time and effort.

The Internal Audit Challenge for Multi-Subsidiary Organizations

Multi-subsidiary organizations are confronting even more complex internal audit challenges, due to differences between the audits requirements across subsidiaries, and the need to streamline them within an integrated framework. Hence, the management and communication of internal audit in a multi-subsidiary environment is a complex and daunting task, when managed manually or by tools that are not specifically designed for Multi-Org operations.

ProcessGene™ Internal Audit Software

The ProcessGene™ Internal Audit software is the only solution in the GRC market that provides a comprehensive and integrated framework for managing internal audits in a multi-subsidiary environment. The Internal Audit software enables enterprises to define audit plans, assign audits to designated auditors, schedule audits, collect audit results, document recommendations, manage remediation plans, and present summarizing dashboards of audit outcomes for each subsidiary.

The ProcessGene™ Internal Audit software supports all types of audits, including internal audits, operational audits, and IT audits. The Internal Audit software is aimed at efficient audit execution and ensures integration of the audit process with the risk and compliance management system. With our Multi-Org technology, multi-subsidiary organizations can now manage their internal audit efforts centrally within an easy and flexible environment.

ProcessGene™ “Multi-Org” Technology for Internal Audit

ProcessGene™ has been a pioneer and global leader in Multi-Org technology. During the past decade we have mastered a unique expertise in providing software solutions to multi-subsidiary organizations worldwide (see Gartner’s report on ProcessGene). Our Internal Audit software has been specifically designed for multi-subsidiary organizations and it features the most comprehensive solution for complex, distributed audit challenges.

The ProcessGene™ Multi-Org technology enables organizations to think globally and act locally through a unique business process model formation that contains a global baseline together with a set of local variants. The global baseline is managed by corporate HQ, ensuring a controlled global environment, while allowing subsidiaries a predefined level of local flexibility.

Read more about ProcessGene Multi-Org technology.

Benefits

Our Multi-Org Internal Audit software solution offers the following benefits:

  • Very fast implementation, the Internal Audit software is up and running within days
  • The most seasoned and comprehensive SaaS (Software as a Service) solution in the GRC software domain (see Gartner’s report on ProcessGene)
  • The Internal Audit software features central cockpit with dashboards for data analysis and diagnostics – showing quantitative internal audit status
  • Automated workflows simplify the execution and follow-up on audits and deficiency remediation
  • The Internal Audit software features full transparency and visibility – enabling management and compliance managers to better understand and control the overall internal audit implementation of the enterprise
  • The Internal Audit software features full automation of the internal audit process using the ProcessGene™ BPM workflow engine, making it the most powerful system in the industry – yet intuitive and user friendly
  • Automation reduces costs and prevents errors that are caused by manual, non validated activities
  • The Internal Audit software streamlines multiple regulations, policies and procedures within an integrated framework. Supports a wide array of internal audit types and frameworks
  • Reuse business process data for managing multiple regulations and policies
  • The Internal Audit software is based on the ProcessGene Multi-Org technology – enabling central control and management of subsidiaries’ internal audit programs. Multi-Org creates a common internal audit language, uniform audit methods and consistent internal audit report standards across subsidiaries worldwide
  • The Internal Audit software features a comprehensive “best-practice” repository of processes, risks, controls, and regulations provides reference and accelerates the setup of the GRC software

Screenshots

Project Steps

Process Flowchart

Risk Heat-Map

Risk and Control Dashboards

Controlled vs. Residual Risk Levels

IT Connectivity

Inter-Subsidiary Comparison

Control Dashboards


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