AuditHall

Overview

WNS-Vuram AuditHall, built on the Appian Platform, enables enterprises to effortlessly drive a process-heavy and data-intensive internal audit program, making it simple, enhancing productivity, reducing time, and improving compliance.

AuditHall helps solve the following business problems:

1. People, process, and data complexities: Internal audit is a process-heavy program that deals with a huge amount of data and requires a large team for successful completion. Manually driving internal audits is prone to inaccuracies and errors which can have big consequences.

2. Long cycle time: Due to significant time spent on completing repetitive and arduous tasks such as data reconciliation manually, the internal audit process can take more time to close.

3. Bulk Data and Transactions: Internal audit includes thousands of data and transactions that have to be reviewed, which can be challenging, especially when a big team is doing it manually.

4. Lack of visibility across all the audit phases: When audit tasks are done manually, getting an overall view of the audit process and insights on each phase is challenging leading to confusion, complexities, and risks.

5. Coordination across different steps: Manually conducting internal audits creates a disconnect between the team across different steps which adds to delays and inaccuracies.

6. Inflexible COTS solutions: Although there are solutions available in the market, they cannot be customized as per the needs of an enterprise and are not effective. Thus, adding to the overall cost without adding to the solutions.

Key Features & Functionality

WNS-Vuram AuditHall helps in establishing an efficient internal audit system with a slew of smart features, including:

1. Admin user configurations - Admins can create & manage checklists to conduct the audit for different processes/Activities in a department. The List of Entities/Departments & its subsets like processes is also managed by admins.

2. Audit planning - Audit controller can create audit plans, include the required entity & processes to be audited along with the checklist & auditors/Assignees, and set dates to execute the Audit plan, including frequencies for conducting repetitive audits.

3. Audit Execution - Checklists are assigned to Auditors to conduct an internal audit, add comments/findings, and assign it to Auditees for any action.

4. Audit follow-ups - Auditors can follow up with auditees and generate documents based on the findings/comments given by the Auditors.

5. Audit Reporting - Graphical reports highlighting the progress of the audit and other key insights.

Benefits & Business Impact

WNS-Vuram AuditHall has numerous benefits; some are listed below:

1. Increased Efficiency & Accuracy: Automates repetitive and time-consuming tasks such as data collection, analysis, reporting, etc., and unifies disjointed processes, reducing errors, and improving the accuracy of findings.

2. Centralized and comprehensive: Centralization of all audit projects in a single platform for a comprehensive view of audit projects for better planning, execution, and remediation.

3. Improved Analysis: Analyze large volumes of data more efficiently and accurately, easily identifying trends and patterns that might be difficult to detect manually.

4. Real-time Monitoring: Gain full real-time insights along with full audit history anytime.

5. Detect and address issues and deviations faster: With enhanced visibility and transparency across the audit process into scope, details, insights, and status.

6. Improved Collaboration: Enables seamless collaboration between auditors and other stakeholders by ensuring the secure sharing of information and real-time communication. It also ensures coordination across different audit steps with a centralized approach.

7. Customizable and Scalable: Customizable to meet the specific needs of an organization, WNS-Vuram Internal Audit Solution can easily be scaled as the organization grows.