Our Product Overview

RxOffice® Risk based Audit

Is solution modernizes traditional audit activity with risk-driven measurement and control.

The non-compliance items are applied risk severity categories, so as to not only alert the Financial Institutions about deficiency in processes, functions, or departments but also prioritize and take appropriate actions based on the business or compliance impact.

The solution beings together systematic & consistent methodology to assess compliance in various business functions, test quality of controls and measure risks originating from failure of controls and/or non-compliance.

RxOffice® Risk Based Audit
RxOffice® Risk Based Audit
RxOffice® Risk based Audit Key Benefits
  • Provide real-time, objective analysis to enhance organization wide risk management
  • Capability to manage diverse audits spanning functional, regulatory, IT and any other areas
  • Use of statistical tools and analytics for better insight on audit outcomes & risk events
  • Standardization of processes and documentation to handle audits at higher frequency and/or broader coverage, as relevant for a Financial Institution
  • Track non-compliance items through the audit cycles and ensure closure
  • Manage non-audit evaluation or assessment by applying simple to complex parameters such as performance measurement, trainings, etc.