Vendor Audit (CPS234)
regulation to assess criticality to business operations and data sensitivity
Key Features
Compliant Controls
Align to regulator’s requirements and allow customisation to meet the bespoke internal risk and assurance needs.
Approval Workflows
Configurable workflow and approvals to meet your internal review & sign-off.
Security - SOC2 / ISO Complaint
Create solutions that meet the highest levels of security and assurance. No more manual audits on messy, unsecured spreadsheets and emails.
Data Management
Streamlined information intake, workflow and approvals: Provides clients with information on simple and intuitive smart forms that only ask relevant questions depending on the level of risk. Take approvals out of messy, long email threads and manual, spreadsheet and document management. Involve the right stakeholders at the right time.
Centralised Audit Trails
Leave locally stored files and scattered emails behind. A complete audit trail of all actions and information is safely secured in a centralised, search-enabled environment.
Benefits
Ensure quality
Automation of vendor assurance empowers auditors to be confident that nothing is missed, incorrectly assessed, or lost in communication.
Improve efficiency
Reduces time of audit by up to 60% and allows secure interaction with vendors.
Reduce risk
Compliant by design audits ensures meeting regulatory obligations on time and at the required standards.
How Does Checkbox Automate This?
1. Capture information using dynamic smart forms
Use dynamic smart forms to collect all the information about vendors needed to assess risk and compliance.
2. Automatically score audits
Determine risk and compliance scores for each audit based upon custom logic, calculations, and weighted scoring.
3. Facilitate workflows and approvals
Automatically trigger and facilitate workflows and approvals and assign them to the relevant people in order to meet your internal review and sign-off processes. These can be conducted back-to-back or in parallel.
4. Centrally track and manage audits
Harness an audit trail and custom dashboards to view audit statuses in real-time, re-assign reviewers, send reminders, and analyse trends across audits.