Every business knows the importance of compliance but achieving desired compliance levels remains a challenge. The cost attached with compliance is so high that reaching optimum compliance levels through increasing investment and personnel is unsustainable. CoAuditor Suite delivers an increase in compliance levels with a decrease in cost.
This platform helps businesses at every step of the compliance management process. It streamlines compliance monitoring, activity management, tracking, regulatory change management, document management, and much more.
Workflow-based solutions increase productivity by automating compliance monitoring and testing activities and ensure accountability throughout the process. Workflows also shorten testing times because, by having greater visibility of centralized data and tasks, management can avoid duplicating tests across business units and/or first lines.
CoAuditor is built around the use of templates and checklists, which allow you to document and work through
your processes, respectively. We describe a template as a set of instructions, or as the
master blueprint of a process, which outlines exactly how a specific process should be completed.
A checklist, on the other hand, is an individual instance of that template. For example, if you have an Invoice Creation Template, you would run
a new checklist every time you invoice a client for a service you provided. That checklist is unique to that invoice.
A checklist contains all
of the details contained in your template. It will also follow any workflow rules you have defined.
The most important concept to understand in CoAuditor is the relationship between templates and
checklists.
Templates are the blueprint for your checklists. You create a template to define the tasks,
content and behaviour.
You can then create and run multiple checklists based on a single template.
To run a checklist, first, you must create a template from which it inherits its base content. After you have your template set up you can create a checklist based on your template.
At the heart of CoAuditor‘s functionality is the ability to create templates and run checklists
off those templates. We describe a template as a set of instructions, or as the master blueprint
of a process, which outlines exactly how a specific process should be completed.
You can also control how any checklists derived from your template behave using our workflow and automation features. For example,
automatically assign tasks, set due dates, enforce the order in which tasks can be completed, and more.
Once you’ve built a template, you can run checklists off that template to assign tasks, schedule them, set due dates, ask for approval
and automate parts of the process each time it needs to be done.
You will not be charged until you purchase a subscription and your subscription period starts. If you have purchased a subscription and you still have time remaining on your free trial, you will not be charged until after your free trial period ends.