Internal Audit Software for Banks

Today Banks are facing greater demands for organizational transparency and accountability, while often dealing with fewer resources. To counter these challenges Quantivate’s Internal Audit Software solution provides comprehensive, easy-to-use tools that streamline the audit processes, improve productivity, and increase coordination and integration with other organizational risk management activities.

Internal Audit Software Tools You Need

Quantivate Internal Audit (IA) end-to-end functionality for managing the internal audit process provides audit management throughout the life-cycle of each audit. Including:

  • Systematic & disciplined audit processes
  • Centralized digital library of all audit plans, work papers, findings, reports, and follow-up
  • Graphical dashboard interface of audit activities, statuses, and results
  • Audit task management and scheduling
  • Risk Assessment
  • Creating, managing and analyzing customizable online questionnaires
  • Integrated checklists
  • Auditor/resource skillset database
  • Resource planning and time tracking (Hours & Costs)
  • Sample Audit Charter
  • Extensive customizable reporting
  • Audit History and Work Tracking
  • Built in corrective action plans and workflow tracking
  • Email-based notifications and alerts

Internal Audit Management the Way You Work

Quantivate Internal Audit is designed to help companies manage a wide range of internal audit-related activities, data, and processes in a comprehensive framework. However, the solution doesn’t force you into an arbitrary predetermined process or workflow. Quantivate Internal Audit flexible SaaS interface can be easily customized to fit your unique requirements and audit processes to match the way your organization does internal audits.

Bank GRC Solutions

Recently the global financial industry has seen an unprecedented increase in regulatory requirements forcing institutions to have a greater focus on the way risk is managed. Increasingly, regulators, and Bank customers, and other key stakeholders are demanding more transparency and greater ROI from systems, software, and tools.

However, many organizations create fragmented systems for risk management and compliance producing an inefficient system filled with redundancies and additional risk.