MetricStream Internal Audit Management enables you to drive an agile internal audit program that is aligned with organizational goals and prepared for multi-dimensional risks, while preserving the trust of every stakeholder. The time spent on sifting through mountains of data to mine insights is significantly reduced. Internal Audit Management, built on the Integrated Risk Platform, is designed to make life simple, enhance productivity, and optimize opportunities that accelerate business performance.
Internal Audit Management
MetricStream Internal Audit Management built on the MetricStream Platform, enables you to drive an agile internal audit program that is aligned with organizational goals and prepared for multi-dimensional risks, while preserving the trust of every stakeholder. The time spent on sifting through mountains of data to mine insights is significantly reduced. Internal Audit Management is designed to make life simple, enhance productivity, and optimize opportunities that accelerate business performance.
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90%
improvement in time spent on audit review.
Business Value Delivered
- Strengthen collaboration across the three lines, optimize productivity, and boost the board’s confidence with improved visibility into risks and potential opportunities.
- Drive exceptional business performance by aligning audits to strategic imperatives, objectives, and risks.
- Increase agility and collaboration by standardizing the audit execution methodology across teams.
Key Features
Dashboards and Reports
Risk Assessment
Audit Planning
Audit Execution
Customer Experience
Now we have our workflow process in place to identify the audit universe, to assess and document what should be the priorities for next year, to set up the plan. All that happened in the past through emails.
Rui Barrento
Head of T&O- Corporate Center
Santander Group
Our approvals are consistently done within the system, we have issue management beyond the audit cycle, our quarterly and annual reporting execution time has been reduced significantly. QA efforts have been redirected to higher value work due to workflow and system checks.
Irshad Ali
Director, Audit Analytics and Technology- Corporate Audit Group
Bank of Montreal
Second and third line of defense are finally speaking with each other, exchanging information. We have broken the silos that we had grown into. We have extended the program to the local banks and they have received it quite happily.
Emanuel Pedro Goncalves
Emanuel Pedro Goncalves
Credit Agricola
When we have our process risk controls and taxonomies and organization all inside MetricStream, when audit goes to audit now, that data will be there. So immediately your auditor will be happier because they don't have to spend 20 30 40 hours building RCM and checking and all that stuff. It's all there. It's all in the common language - the first line built it, second life effectively challenged it. Audit is going to do their QC and it will be a 5 hour job o 10 hour job instead of 30 40 hours.
Peter Bannister
Vice President, GRC
Fannie Mae
As we implemented this framework early on, we saw a significant reduction in headcount. Some areas just stayed flat their areas came down dramatically. We basically eliminated our SOX Risk Management department. It came down to one person.
Tom Harper
Executive Vice President / General Auditor
Federal Home Loan Bank of Chicago
What we are trying to do right now is support our compliance team use Ruby the Robot. We have uploaded 4000 shops and we want our robot to help us plan every week 100 visits to different shops that will be visited by mystery shoppers. When the tasks for the mystery shopper visits will be populated, we have estimated we will save more than 2 human months.
Marisa Melliou
Group Audit Director
OPAP
The MetricStream M7 platform which we rolled out earlier this year is really going to help us improve efficiency and help us streamline our data model.
Jinny Lung
Director, Security Governance, Risk, and Compliance
Salesforce
The biggest benefit we have achieved is visibility. Earlier when we were using Excel and other mediums, we didn't have central visibility of our frameworks and at one landscape we weren't able to see at any point of time how we are fairing in our controls execution.
Somkant Mishra
GRC Solution Architect
Interxion
Better Insights.
Better Decisions.
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Measurable Outcomes
Drive exceptional business performance by aligning audits to strategic imperatives, objectives, and risks. Increase agility and collaboration by standardizing the audit execution methodology across teams.
MetricStream Internal Audit Management helps plan, manage, and track internal audits with ease and efficiency. The product streamlines audit planning and scheduling, as well as the execution, review and analysis of audit findings, creation of the final audit report, and follow-up activities. Monitoring of the audit process is enabled and external auditors and regulators are provided with access to audit data. MetricStream Internal Audit Management is an intelligent, risk-based approach to internal auditing that prioritizes audit tasks and resources based on the areas of highest risk and enables better collaboration across audit teams.