12 – Efficiencies in reporting, ControlPanelGRC’s AutoAuditor
The 2013 GRC Technology Innovator awards was filled with competition. The number of submissions more than doubled over 2012. With 57 submissions there were only twelve slots for winners. GRC 20/20 looked through all of the submissions, asked for clarification where needed, and selected the 12 recipients to receive this honor.
Number 12 is ControlPanelGRC's AutoAuditor which showed technology innovation for efficiencies in reporting.
ControlPanelGRC’s AutoAuditor enables companies to be in a state of continuous audit readiness by automating manual reporting processes, and through its intuitive design AutoAuditor adapts to each company’s specific reporting demands. This turnkey solution automates repetitive report generation processes to push the report output to appropriate business or risk owners for review; by eliminating any additional training or tedious setup, once installed AutoAuditor pushes reports directly to those necessary resources rather than needing to be pulled. With AutoAuditor preparing for an audit no longer has to be major cause of stress that requires internal teams to spend weeks researching reports, collating spreadsheets and manually tracking down paper reports buried in filing cabinets. Business or risk owners perform the value add steps of reviewing the output and the workflow engine captures the signoff and exception documentation. The automatic check and balance system not only pushes the necessary report on cue, but also records the mandatory review, which is then automatically saved as future audit evidence. Value is achieved in eliminating human error, missed analysis opportunities, and subsequently, possible penalties if the processes are not executed on a timely basis.