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- Governance, Risk & Compliance
- Controls Management
Controls Management
Provide risk control to all your entities and subsidiaries through a centrally managed repository. The Controls Management tool provides you with real-time insights in your control frameworks, policies & regulations and helps you to operationalize your control activities
How Controls Management can help your business
Audit & incident workflow
Facilitates the operational activities around audits. Allows you to plan, execute and monitor audit work items based on predefined risks and controls. Furthermore it allows your organization to register and track progress on their incidents such as data breaches, risk events, fraud and crimes
Easy to use compliance workflows
Control execution, control self-assessment, control testing, and control owner confirmation
Detailed in-control reporting
Monitor risks and controls related to the deployed risk and control landscape on a continuous basis using real-time dashboards and compliance reports. Centralized reporting on all organizational master data, and generic risk control matrix
Key features
External Auditor Task Reporting
Provides continuous progress reports on control execution tasks and deviations for an external auditor
Master Data Library
Digitize compliance spreadsheets and efficiently deploy risks and controls to entities, processes and solutions. Assign and localize controls via control deployments
Planner
Schedule and monitor audits, risk assessments, management sign-off, and, ad-hoc control executions and self-assessments
Management Sign-off
Formal management sign-off workflow for entities or business units based on letter of representation or internal control statement
Compatible with the systems you already use
Sofy is source system agnostic. We support standard connectors for all mayor ERP systems like Dynamics, SAP, Oracle and more.