Audit & Regulatory Request Management

Manage and Fulfill Requests for Documentation and Other Information from External Parties. Monitor and Report on Fulfillment Progress.

Today’s corporations are confronted with multiple, recurrent requests for information and documentation from third parties such as regulatory bodies, external auditors, partners and customers. These requests often overlap and are frequently unannounced.

ProcessUnity Audit and Regulatory Request Management is a cloud-based solution that simplifies the process of responding to information requests, enabling companies to act quickly and with a high level of confidence in the accuracy, currency and appropriateness of the documentation they provide. Easy-to-use document request management features enable an organized, transparent, and highly efficient process for receiving, assigning and fulfilling requests — a process that eliminates duplicate activity and automatically captures a definitive record of request / fulfillment transactions.

During the course of a year, a company may be subject to multiple audits or assessments. For example, the organization may be audited by the internal audit group, external auditors and regulatory assessors. Each assessment may focus on different sets of controls, but there will also be considerable overlap in assessment targets. Each assessment will involve significant information gathering, documentation review and testing for the audit team as well as substantial manpower support from the audited organization. Every hour spent will be a direct cost to the audited organization. ProcessUnity Audit Manager provides tools to make audits and assessments quicker, less-painful and cheaper. Four styles of assessment are supported – controls assessments, process assessments, IT systems assessments and assessments directly against the provisions of a regulation or standard.

With ProcessUnity Audit and Regulatory Request Management, organizations:

• Respond to planned and ad-hoc requests from auditors, regulators, customers, and partners with pre-defined and ad-hoc content
• Record key request-related actions and events such as assignment, submission for review, posting of questions and comments, and approval / completion of the provided documentation and information
• Maintain an up-to-date library of standard documents and responses
• Provide authorized third parties with controlled, secure access to requested documentation and information