When it comes to internal controls, organizations still largely rely on unwieldy spreadsheets, disparate tools and manual processes to track and respond to vulnerabilities. These methods are often inefficient and contribute to a lack of visibility.
Given the growing risk landscape and rapidly changing business climate, organizations are demanding agile and transformative internal control approaches that respond to today’s corporate challenges. C-suite executives need to feel confident that their lines of defense are leveraging technology to manage those risks effectively.
These realities have spurred a new generation of best-in-class, internal control solutions designed to help businesses mitigate or prevent security risks, streamline efficiencies and costs, maintain compliance with laws and regulations, while boosting transparency for leadership, stakeholders and auditors.