Internal audits are often unnecessarily challenging. A lot of energy is wasted because of unclear delegation of duties, manual consolidation of sources and having to remind auditors about deadlines. SOFY Risk Management makes it easier for your organization to effectively manage internal control cycles using frameworks for sign-offs, risk and control. This software allows you to automate internal self-assessments, to make them more transparent and to make your internal audit and control department more efficient and practical.

SOFY Risk Management monitors and protects the progress of an audit cycle through very user-friendly and intuitive dashboards. If controls have not been signed off in the run-up to a deadline it automatically sends notifications to control owners and performers. In addition, it identifies exceptions and records them in an audit trail. This makes it possible to sign off controls based on factual arguments and to identify potential (remaining) risks.

In practice we know that internal audit and control departments often dedicate excessive amounts of time and attention to manually consolidating diverse sources in addition to reminding auditors of their deadlines. SOFY Risk Management automates these tasks enabling professionals to return their attention to adding value, such as by reviewing delivered sign-offs.

SOFY Risk Management accelerates the implementation and optimization of a centralized, robust control framework. The application offers standard connectors to Oracle, SAP and Microsoft Dynamics (AX and NAV). All this serves to provide your organization with more value and convenience.

• Workload reduction when performing and monitoring internal audit cycles
• Enables your audit department to focus on quality rather than chasing up control performers 
• Automation of controls and audit evidence
• Insight into the status and quality of audit cycles as well as sign-offs
• Convenient delegation of tasks to departments and users