AMS automates the vendor audit process wherein auditscan be Scheduled, initiated, triggered, verified and completed in the system virtually.
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Complexity of managing organization compliances across multiple legal entities/ locations/ geographies and business functions. Dynamic regulatory requirements make the process more complex, Email/excel/file share mechanisms are not collaborative and adequate andAudits or Regulatory Notices require immediate retrieval of evidences. Increased risk to Directors/CXOs/Promoters and Organization’s Brand.
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The Audit Management System helps reduce compliance risks by providing real-time visibility into audit findings, vendor compliance status, and pending corrective actions. By identifying gaps early and ensuring timely closure, organizations can avoid penalties, legal exposure, and reputational risks.
Yes. AMS is especially effective for managing vendor and contractor audits. It centralizes audit schedules, compliance documents, and audit findings, while also assigning risk or criticality scores to vendors, helping organizations focus on high-risk vendors first.
AMS enables seamless collaboration by allowing internal teams and vendors to upload documents, respond to audit observations, and track action items on a single platform. This eliminates dependency on emails and spreadsheets and speeds up audit closures.
Yes. AMS is designed to scale for large organizations with multiple locations, projects, and legal entities. It provides centralized control with location-wise visibility, making it easier to manage audits and compliance across geographies.
