An internal controls team manages documentation and certification for hundreds of controls and processes with Microsoft® Excel, Word, PowerPoint, and Visio, email, and shared drives.
The internal controls and management teams identified inconsistencies in information presented across the risk control matrix, process narratives, and executive reports and dashboards.
Disjointed software solutions used for evidence collection and testing required users to navigate a cluttered network drive—making annotation of samples difficult. Reviewers wasted significant time with a cumbersome review process and struggled to find annotations across documentation.
A complex certification process for internal controls required constant babysitting, management of several spreadsheets, and reliance on email.
Saved time and improved accuracy
Link information between the risk control matrix, process narratives, and dashboards to ensure information is always up to date. There is no time wasted tracking down the status of testing.
Status reports are updated in real time. The internal controls team, internal audit, management teams, and steering and audit committees have easy access to current information.
Increased collaboration and efficiency
Wdesk allows multiple teams to create and edit documents simultaneously, all within a single environment. Team members always have access to the most up-to-date information.
Control document access with granular permissions that can be set by on a full document, section of a document, or group of documents in a project.
Streamlined testing and evidence management
Store all supporting evidence with testing documents in a single, secure environment without navigating through a network drive. View samples next to testing sheets, and mark up with a full audit trail of annotations.
Assign evidence requests directly to control owners and track responses with a real-time view of all evidence requests.
Visibility and control
The reporting process with Wdesk is more efficient, visible, and accurate. The internal controls team spends less time on non-value added activities and more time focusing on reducing risk for the company.
All certification processes statuses can be viewed from a dynamic dashboard.
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