Simplifying vendor audit process using best practices and industry standards to ensure audits are thorough, efficient, and effective with ricago AMS+ services.
People-dependent and extensively based on manual work.
Inconsistent and non-standard quality
Email is still being used for action plans and risk tracking.
Document storage is not centralized or well organized.
Inefficient and prone to mistakes
Keeping up with changing regulations
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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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An Audit Management System (AMS) is a digital solution that helps organizations manage the complete audit process in one place. It streamlines audit planning, scheduling, execution, reporting, and follow-up actions, making audits more organized, transparent, and compliant
An Audit Management System supports multiple audit types, including internal audits, external audits, compliance audits, operational audits, IT audits, and financial audits. It can be used across different industries to ensure consistent and structured audit management.
Yes. The system automatically assigns corrective actions, tracks deadlines, sends reminders, and monitors closure of audit findings, ensuring that issues are resolved on time and nothing is missed.
Absolutely. An Audit Management System can be customized to align with industry-specific regulations, audit frameworks, and internal workflows, enabling organizations to manage audits in a manner that suits their business processes.
