Risk Management Software developed by www.risk-management-software.co.uk


www.risk-management-software.co.uk Risk management software is a software designed primarily to limit, reduce or lower the risk and security lapses, which organizations are exposed to in their day to day activities. This software is also known as compliance management software. The software works by way of identifying potential risks of an asset, wrong decisions, security breaches etc., within the IT system and alerting an Organization on where the risk lies. Such Organization can then control the risk. They also warns Organizations of impending IT breakdown which can seriously affect its operations. Bank and non-bank financial institutions uses risk management software more than organizations in the other sectors of a free enterprise economy. They are even more careful with the lessons learned from "Rogue Trader Nick Leeson" incident. www.risk-management-software.co.uk The type of risks that the software is designed to guard against are: The regulatory agencies in some countries (Central Banks, Deposit Insurance Corporations) make it mandatory for Bank and non-Bank Financial institutions to have this software installed. www.risk-management-software.co.ukBasel II Accord is an International Regulation put forward by International Committee on Bank Supervision to make sure that Financial Institutions that carries Riskier Assets provide enough Capital against that risk than those with safer portfolio. It also stipulates that Financial Institutions should publish a statement of risky investment and risk management practices. * Interest rate Risk * Credit Risk * Uncertainties in Financial Market * Attacks for Organization's Adversaries or Enemies e.g. DDOS attack. * Legal Liabilities * Product Failure * Data Breach Risk etc. Below are some risk management software firms and their products: * www.risk-management-software.co.uk"Symbiant" is a software developed by software giant, Symbiant. It is preferred by users who are interested in the reduction in cost and effort needed to manage risk. It has a standard based approach to businesses system management. The software has necessary tools put in place to promote compliance and overall performance. * ENABLON "Incident Management" is another risk management software, developed by Enablon. It is integrated with the following features: compliance management, incident management, greater operational risk control etc. * EMEX "EMEX EHS Solution" is a software developed by EMEX, another software risk management firm. It is designed to create a web based solution in the area of efficiencies and compliance and ensure they are being effectively managed. * FAST TRACK www.risk-management-software.co.uk"Fast Track" risk management software is owned by a firm called FAST TRACK. It is known to be very effective in the area of regulatory compliance in mission critical environment e.g. ISO9001, ISO14001 etc. Risk management software like Symbiant, Calipso, Entropy, Incident management and Emex are very rich in risk management and Compliance. They are preferred by some giants that integrated financial trading system in their platform. Other risk management software e.g. Analitica, Emex EHS Solution, Entropy and A1 Tracker are also used by organizations in their quest to manage their risk. The above software products are just stated to mention but a few as there are many others within the software risk management specialization.

Audit Management Software developed by www.risk-management-software.co.uk

Audit Management Software.

www.risk-management-software.co.uk Audit Management Software is a software designed by experts who combined knowledge of accounting & auditing with that of information system. Many audit software, otherwise known as software audit tools are very sophisticated and are designed to take care of every aspect of audit management. Audit, been a statutory requirement of an organization, can be defined as: Examination and verification of the books, records and assets of an organization, in order to express an opinion. The auditor’s opinion will be on: (1.) Whether the books and records were properly and correctly kept or not. (2.) Whether the revenue account, profit and loss account, reveal the correct trading result of an organization or not. (3.) Whether the balance sheet shows the correct position of assets and liabilities as at a certain date or not. Audit management is the responsibility of audit managers and their audit teammate in an audit firm for external audit and the responsibility of audit personnel in an internal audit situation. www.risk-management-software.co.ukA good Audit management software or auditing software as the case may be, should have components like: inventory management or inventory software, payroll management, asset management etc. These various components are then integrated and made to work together for system auditing and to produce needed result. The advantages of using audit management software cannot be over emphasized. Audit firms that wants to comply with industry’s best practices and can afford the cost of audit management software, with associated cost of training its members of staff, normally make use of audit management software. Audit management software reduces manpower cost as an audit assignment that can take two weeks to accomplish can be completed within four days for example. It makes audit report writing process easy for auditors. It is a good innovation about the way audit work is conducted and an audit firm that uses audit management software is considered to be better and more sophisticated than others who does not automate their audit procedure. www.risk-management-software.co.uk We shall look into whether the use of audit software is mandatory or compulsory and should be used by audit firms. The only statutory requirement in most countries of the word is audit. An organization like limited Liability Companies and Corporations must be audited every year upon presentation of its accounts to the auditors by the directors of such organization. The auditor is expected to present audit report, www.risk-management-software.co.uk, otherwise known as management letter to the directors and the directors must present the report to shareholders in an annual general meeting. The auditor must also file annual returns for taxation purposes. The auditor is not statutorily required to use audit software in other to do his work. The use of audit software is a recent phenomenon. Many auditing firms are still using manual method to do their work. However, there are numerous advantages of using audit management software which has made its use worthwhile for audit firms. Let us now look at some audit management software as a guide for prospective users: (1.) Symbiant: This software is popular because of its ability to handle any type of Risk and audit, internal audit, external audit and third party audit. (2.) Audit Management Software Systems: This another audit management software that can be used to audit organizations like life science and regulated companies, where regular audit is necessary in order to comply with safety and quality requirement. (3.) Policy and Procedure Management: This software was designed by a company called ComplianceBridge. The software is simple and easy to use and it is very good in the area of monitoring, auditing policy compliance and reporting. (4.) ACL Analitics Exchange: This is a software owned by ACL Services. It was designed for centralized projects and control monitoring. Other audit management software are: AuditPro, AUDITworks and Compliance manager, to mention but a few. www.risk-management-software.co.uk The use of audit management software requires training and re-training of members of staff of audit firm. The training are expected to be provided most of the time, by the company that designed each software and in some cases by consultants.
Symbiant Risk Management Software

Risk and Audit Software
From only £200

Leading the way since 1999
If you are looking for Risk or Audit Management software, we have the perfect solution at sensible prices.

Risk and Audit Software
From only £200

Leading the way since 1999
If you are looking for Risk or Audit Management software,
we have the perfect solution at sensible prices.

“Having implemented Symbiant into our global business a year ago it has provided the complete solution we required to manage our risk and internal audit functions. It’s a powerful tool, very user friendly and supported by a great team. It’s a product I would certainly recommend!”

Simon Elliott – Internal Audit & Risk – The Innovation Group Ltd

Clean and powerful with all the features you need

Risk Dashboard
Risk Registers
Risk scoring, KRI and performance indicators
Audit Dashboard
Audit Dashboard
Audit Time Sheets
Action Update
Audit action tracking

How our solutions works for you

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“We are very impressed with Symbiant. Its simplicity and ease of use aligned with its flexibility and extensive reporting capabilities make it a very useful tool”

Keith Mason – Internal Audit – The Institute of Chartered Accountants in England & Wales

Large or small, our Risk & Audit Software
will fit your needs now and in the future

Risk or Audit or Both?

A modular solution supplied as a complete set of tools for risk management and audit management, turn features on when you need them at no extra cost.

Risk Management Set Risk Registers, Risk Workshops, Risk Indicators, Risk Actions, Control Assessments, What if Scenarios and Incident Reporting. Ideal for ISO 9001 and ISO 31000 Compliance

Audit Management Set Working Papers, Audit Planning, Action Tracking and Audit Questionnaires.

You can change or add new features and users at any time.

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Using the latest technology you can build as you grow

We are the software developers so our solution is as up to date as it gets. Work anywhere and on any platform. Use our no hassle fully managed free hosting service (SaaS) or host on your own network.


Audit management Software

Free hosting in our UK ISO 27001 certified data center

We have been hosting our solutions for clients since 1999. Whilst you are welcome to install our software on your own servers you may find our free cloud hosting service in our fully secure UK based ISO 9001 and ISO 27001 certified data centera better and easier choice.

Audit management Software

A market leading solution you can afford.

With our free, secure hosted service you can be up and running in a few hours for as little as £200 per month on a 30 day contract.

Just select the package that suits your current requirements from the below options. All packages are scalable allowing you to add extra modules or users as required. No long term contract you can cancel with just 30 days notice.

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From £ 200 /month
Audit planning and Action tracking
Audit Planning, Audit Questionnaires, Action Tracking, Time Sheets, Working Papers
Includes 15 users
From £ 500 /month
Audit and Risk Management, All modules
Everything from Audit and Risk
Includes 10 users

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