Audit Management: Highlights

Risk Assessment
MetricStream Audit Management module integrates with the Risk Management module and supports assessment of risks based on parameters such as severity and likelihood of occurrence for calculating the risk index of a finding. It supports risk assessment and computations based on configurable methodologies and algorithms giving auditors a clear view into organizations risk profile.

Offline Briefcase
The solution has a unique offline Briefcase capability that allows auditors to enter audit findings in notebook computers or handheld devices at remote field sites without access to the corporate network and then synchronize the data with the central repository when they can access the network.

Alerts and Notifications
MetricStream Audit Management module extensively utilizes email as a mechanism for delivering event-based notifications, assignments, alerts, and escalations to ensure timely completion of tasks.

Attachments
Documents and files in any format, such as Adobe PDF, MS Word, and MS Excel, can be attached at any stage of the audit as supporting evidence. All attachments are centrally stored and users participating in the audit workflow can access and view them at any time

Security and Access Controls
MetricStream solution provides multi-level role-based access controls essential for companies with multiple locations, product lines, and business units.

Configurability
The Audit Management module provides out-of-the-box functionality based industry best practices. In addition, the solution includes tools to configure the solution as per existing business processes, terminology, and rules without any programming or code changes.

CAPA/Remediation Management
The system provides seamless integration with CAPA/Remediation Management modules for observations and findings that require a remedial corrective action plan. Once issues are identified, documented and prioritized a systematic mechanism of investigation and remediation is triggered by the underlying workflow and collaboration engine.

Reports Wizard
In addition to the standard reports available out-of-the-box in the solution, end-users can build custom reports using the simple Reports Wizard without any programming. The solution also supports automated generation of reports in standard file formats such as MS Word, MS Excel, and Adobe PDF in configurable layouts.