About Software
In many organizations today, most SOX/IFC/Risk Audit activities are performed manually. And for many the process is inefficient, resource-intense, and may lead to a lack of employee engagement over time.Digitizing your SOX/IFC/Risk Audit program can lead to higher quality at lower cost - through streamlined and automated processes; greater assurance over control effectiveness; and sophisticated, analytics-based risk assessment and decision-making.
Care AI can help you move along your digital SOX/IFC/Risk Audit journey by providing easy-to-use platform that provides centralized access to all risk and control-related information and allows risks to be managed efficiently.
Care AI enterprise risk management software helps you to identify, assess, monitor and report on your strategic objectives, risks, controls, and contributing factors.
Software Modules.
The software covers following functional areas for Enterprise Risk ManagementRisk Management
1.Risk identification.
2.Risk assessment
3. Audit Planning
4. Audit Execution
5.Organisational Hierarchy Maintenance
6.Process Hierarchy Maintenance
7.Support Multiple Audit Programs
8.Define & Manage RCM Template
9.Perodic Review of RCM
10.Create dashboards for PMO status and entity or issue reporting.
11.Action Plans
12.Upload/Download RCM
13.Multiple Assessement Type General IT Controls , Automated Controls , Manuals Controls , IPE .
Compliance Manager Add ON
1.Balance Sheet Audit : Assets & Liabilities
2.P & L Accounts Audits : Expenses & Revenue
3.Operations in Accounts: High Value or Abnormal Transactions, Debit Balances, Stop Payments, etc.
4. Death Claims
5. Staff related matters
Audit Management Add ON
1. Advances: New Advances (OD, CC, Loans), Overdue Advances, etc.
2. Other Advances: Bills Purchased, Bills Discounted, LCs, BGs, etc.
3. Deposit Accounts: Opening of Accounts (Including KYC norms)
4. IBC, OBC, Safe deposit lockers, ATM, etc.
Features List.
Software to help you manage your SOX/IFC program, centralize controls, streamline collaboration, and make reporting and certification a ease.Centralized Repository
A centralized database provides one version of the truth with data integrity, consistency and standardization. This eliminates the problem of multiple spreadsheets scattered around your organization.
Parameterized
Most of the features can be easily customized and hence allows Audit Department to enforce Audit Policy.
Standard IFC/SOX templates & process
Simplify SOX/IFC management and control testing with easy-to-use software which provides uniformity and consistency of information across your organisation and simplifies risk administration.
Access Control & Security
It provides separate login for Auditors, Auditees and Management. It allows Audit Departement to control the Access Levels permissible for the users.
Collaboration
Our platform centralizes your audit program, so you can eliminate tedious tasks, clear spreadsheet silos, remove version confusion, and collaborate with stakeholders—all in one place.
Reports
It helps to generates various types of reports and queries vital for Senior Management. Audit Consolidated / Audit Committee Reporting and Dashboards
Real time & Transparent
Establish a transparent & real time information about internal control and completion status of ongoing open action plans at all location.
Evidence
Proof of evidence related to Controls uploaded by the owners are placed at a central location, thus giving confidence to the reviewer to certify the status of the controls. Audit team can easily review the controls and the evidence..
Auto Reminder
Automatic reminders to Process Owners to update status on pending action plan.Automatic escalation of incomplete activities after predetermined number of days from due date of activity.
On Premises Option
On-premises software option help company to install and runs software on Organizations Internal Server.
Review & Follow
Allows Senior Management , Audit Dept and Auditor to real time review and follow up on auditor observation and queries.
Impementation & Training
Get your risk audit software up and running in just 7 days with Care AI’s comprehensive, easy-to-use platform.
